Common use of Changed Circumstances Clause in Contracts

Changed Circumstances. (a) Circumstances Affecting Eurodollar Rate Availability. If with respect to any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the Borrower. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar Rate Loans and the right of the Borrower to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar Rate Loan shall be suspended, and the Borrower shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar Rate Loan or convert the then outstanding principal amount of each such Eurodollar Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Changed Circumstances. (a) Circumstances Affecting Eurodollar Rate Availability. If with respect to any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the Borrower. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar Rate Loans and the right of the Borrower to convert any Construction Term Loan Advance to or continue any Construction Term Loan Advance as a Eurodollar Rate Loan shall be suspended, and the Borrower shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar Rate Loan or convert the then outstanding principal amount of each such Eurodollar Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, that by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, Eurodollars in the applicable amounts are not being quoted via any applicable page offered (through Telerate Page 3750 or screen or otherwise offered otherwise) to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans Loans, and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan Loan, shall be suspended, and the applicable Borrower or Borrowers shall repay in full (or cause to be repaid in full) the then then-outstanding principal amount of each such Eurodollar LIBOR Rate Loan Loan, together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan Loan, if available, as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page Dow Xxxxx Market Screen 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower Borrowers shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect ----------------------------------------------- to any Interest Period the Administrative Agent or any Lender (after consultation with the Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page the Dow Xxxxx Market Screen 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower Borrowers shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan Loans together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with the Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page the Dow Xxxxx Market Screen 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower Borrowers shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan Loans together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

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Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page Telerate Page 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower Borrowers shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan Loans together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page Dow Xxxxx Market Screen Page 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the BorrowerBorrowers. Thereafter, until the Administrative Agent notifies the Borrower Borrowers that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower Borrowers to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower Borrowers shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Changed Circumstances. (a) Circumstances Affecting Eurodollar LIBOR Rate Availability. If with respect to ----------------------------------------------- any Interest Period the Administrative Agent or any Lender (after consultation with Administrative Agent) shall determine that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars, in the applicable amounts are not being quoted via any applicable page Telerate Page 3750 or screen or otherwise offered to the Administrative Agent or such Lender for such Interest Period, then the Administrative Agent shall forthwith give notice thereof to the Borrower. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, the obligation of the Lenders to make Eurodollar LIBOR Rate Loans and the right of the Borrower to convert any Construction Loan Advance to or continue any Construction Loan Advance as a Eurodollar LIBOR Rate Loan shall be suspended, and the Borrower shall repay in full (or cause to be repaid in full) the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such Eurodollar LIBOR Rate Loan or convert the then outstanding principal amount of each such Eurodollar LIBOR Rate Loan to a Base Rate Loan as of the last day of such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (American Business Information Inc /De)

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