Lending Unlawful Sample Clauses

Lending Unlawful. (a) If a Class A Conduit Investor, a Class A Committed Note Purchaser or any Class A Program Support Provider (each such person, a “Class A Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent, the related Class A Funding Agent and the Issuer, shall be conclusive and binding on the Issuer absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Class A Affected Person to make, continue, or maintain any Class A Advance, the obligation of such Class A Affected Person to make, continue or maintain any such Class A Advance upon such determination, shall forthwith be suspended until such Class A Affected Person shall notify the related Class A Funding Agent and the Issuer that the circumstances causing such suspension no longer exist.
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Lending Unlawful. In the event that any Regulatory Change shall make it unlawful or impossible for the Bank to make, maintain or fund any Loan as a Eurodollar Loan or Daily Pricing Loan, the obligation of the Bank under Section 2.2 to make or maintain any Loan as a Eurodollar Loan or Daily Pricing Loan, shall upon the happening of such Regulatory Change, forthwith terminate and the Bank shall, by telephonic notice confirmed in writing to the applicable Borrower, declare that such obligation has so terminated. Upon receipt of such notice, the applicable Borrower shall immediately prepay in full the then outstanding principal amount of each such Eurodollar Loan or Daily Pricing Loan, together with accrued interest. The Bank shall in the case of a Borrowing of Eurodollar Loans or Daily Pricing Loan, make a Reference Loan in an amount equal to such Borrowing. If circumstances subsequently change so that the Bank shall no longer be so affected, it shall so notify the Borrower, whereupon the obligation of the Bank under Section 2.2 to make or maintain Eurodollar Loans and Daily Pricing Loans shall be reinstated.
Sample 1
Lending Unlawful. In the event that any Regulatory Change shall make it unlawful or impossible for any Bank to make, maintain or fund any Loan as a Eurodollar Loan, a G-7 Currency Loan, a Domestic Margin Rate Bid Loan, a G-7 Currency Bid Loan or a BA Loan, the obligation of such Bank under Section 2.2 to make or maintain any Loan as a Eurodollar Loan, a G-7 Currency Loan, a Domestic Margin Rate Bid Loan, a G-7 Currency Bid Loan or a BA Loan shall, upon the happening of such Regulatory Change, forthwith terminate and such Bank shall, by telephonic notice confirmed in writing to the applicable Borrower and the Agents, declare that such obligation has so terminated. Upon receipt of such notice, the applicable Borrower shall immediately prepay in full the then outstanding principal amount of each such Eurodollar Loan, G-7 Currency Loan, Domestic Margin Rate Bid Loan, G-7 Currency Bid Loan or BA Loan together with accrued interest. Concurrently with prepaying any such Eurodollar Loan, G-7 Currency Loan or BA Loan, such Borrower shall borrow (a) in the case of prepayment of a Eurodollar Loan, a Reference Loan (or, if such Loan is to Pentair Canada, a Prime Loan) in an equal principal amount, (b) in the case of prepayment of a G-7 Currency Loan, a replacement Loan in the applicable G-7 Currency bearing interest at a rate equal to the sum of the Eurocurrency Margin plus such Bank's cost of funds for obtaining such G-7 Currency to make such Loan for the applicable Interest Period, as determined by such Bank in its discretion, and (c) in the case of prepayment of a BA Loan, a Prime Loan in an equal principal amount. In addition, so long as such circumstances shall continue, concurrently with any Borrowing of Eurodollar Loans, G-7 Currency Loans or BA Loans, as the case may be, such Bank shall (a) in the case of a Borrowing of Eurodollar Loans, make a Reference Loan (or if such Loan is to Pentair Canada, a Prime Loan) in an amount equal to its pro rata share of such Borrowing, (b) in the case of a Borrowing of G-7 Currency Loans, make a replacement Loan in the applicable G-7 Currency at a rate per annum equal to the sum of the Eurocurrency Margin plus such Bank's cost of funds for obtaining such G-7 Currency to make such Loan for the applicable Interest Period, as determined by such Bank in its discretion, and (c) in the case of a Borrowing of BA Loans, make a Prime Loan in an amount equal to its pro rata share of such Borrowing. If circumstances subsequently change so that such Bank ...
Sample 1

Related to Lending Unlawful

  • LIBO Rate Lending Unlawful If any Lender shall determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a LIBO Rate Loan, the obligations of such Lender to make, continue or convert any such LIBO Rate Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBO Rate Loans payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

  • Lending Office Upon the occurrence of any event giving rise to the Borrower’s obligation to pay additional amounts to a Lender pursuant to clauses (a) or (b) of this Section 2.10, such Lender will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate a different lending office if such designation would reduce or obviate the obligations of the Borrower to make future payments of such additional amounts; provided that such designation is made on such terms that such Lender and its lending office suffer no unreimbursed cost or material legal or regulatory disadvantage (as reasonably determined by such Lender), with the object of avoiding future consequence of the event giving rise to the operation of any such provision.

  • Change of Lending Office Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.16 or 2.17(a) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of any Borrower or the rights of any Lender pursuant to Section 2.16 or 2.17(a).

  • Lending In its capacity as Depositary, the Depositary shall not lend Shares or ADSs.

  • Changes in Law Rendering LIBOR Loans Unlawful If any change in, or the adoption of any new, law or regulation, or any change in the interpretation of any applicable law or regulation by any governmental or other regulatory body charged with the administration thereof, should make it (or in the good faith judgment of any Lender cause a substantial question as to whether it is) unlawful for any Lender to make, maintain or fund LIBOR Loans, then such Lender shall promptly notify each of the other parties hereto and, so long as such circumstances shall continue, (a) such Lender shall have no obligation to make or convert any Base Rate Loan into a LIBOR Loan (but shall make Base Rate Loans concurrently with the making of or conversion of Base Rate Loans into LIBOR Loans by the Lenders which are not so affected, in each case in an amount equal to the amount of LIBOR Loans which would be made or converted into by such Lender at such time in the absence of such circumstances) and (b) on the last day of the current Interest Period for each LIBOR Loan of such Lender (or, in any event, on such earlier date as may be required by the relevant law, regulation or interpretation), such LIBOR Loan shall, unless then repaid in full, automatically convert to a Base Rate Loan. Each Base Rate Loan made by a Lender which, but for the circumstances described in the foregoing sentence, would be a LIBOR Loan (an “Affected Loan”) shall remain outstanding for the period corresponding to the Group of LIBOR Loans of which such Affected Loan would be a part absent such circumstances.

  • Absence of Unlawful Influence The Company has not offered, or caused the Underwriters to offer, the Offered Securities to any person or entity with the intention of unlawfully influencing: (a) a customer or supplier of the Company or any affiliate of the Company to alter the customer’s or supplier’s level or type of business with the Company or such affiliate or (b) a journalist or publication to write or publish favorable information about the Company or any such affiliate.

  • Change of Lending Office; Replacement of Lenders (a) Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Sections 3.01(a)(ii) or (iii), 3.01(c), 3.03 or 3.04 requiring the payment of additional amounts to the Lender, such Lender will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another Applicable Lending Office for any Loans or Commitments affected by such event; provided, however, that such designation is made on such terms that such Lender and its Applicable Lending Office suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of any such Section.

  • Lending Offices The Loans of each Type made by each Lender shall be made and maintained at such Lender's Applicable Lending Office for Loans of such Type.

  • Designation of a Different Lending Office If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

  • No Unlawful Influence The Company has not offered, or caused the Underwriters to offer, the Units to any person or entity with the intention of unlawfully influencing: (a) a customer or supplier of the Company or any affiliate of the Company to alter the customer’s or supplier’s level or type of business with the Company or such affiliate or (b) a journalist or publication to write or publish favorable information about the Company or any such affiliate.

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