Common use of LIBO Rate Lending Unlawful Clause in Contracts

LIBO Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrowers and the Administrative Agent, be conclusive and binding on the Borrowers) 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 or in the case of Australian Revolving Loans shall bear interest as set forth in Section 4.2 at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBO Rate Lending Unlawful. If any Lender the Required Lenders shall -------------------------- determine (which determination shall, upon notice thereof to the Borrowers Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Term Loan as, or to convert any Term Loan into, a LIBO Rate LoanLoan of a certain type, the obligations of such Lender all Lenders to make, continue continue, maintain or convert any such LIBO Rate Loan Term Loans shall, upon such determination, forthwith be suspended until such Lender the Required Lenders shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBO Rate Loans payable to of such Lender type shall automatically convert into Base Rate Loans or in the case of Australian Revolving Loans shall bear interest as set forth in Section 4.2 at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBO Rate Lending Unlawful. If any Lender shall determine -------------------------- (which determination shall, upon notice thereof to the Borrowers Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a LIBO Rate LoanLoan of a certain type, subject to the provisions of Section 4.11 ------------ hereof, the obligations of such Lender all Lenders to make, continue continue, maintain or convert any such LIBO Rate Loan Loans 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 of such Lender type shall automatically convert into Base Rate Loans or in the case of Australian Revolving Loans shall bear interest as set forth in Section 4.2 at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBO Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrowers Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a LIBO Rate LoanLoan of a certain type, the obligations of such Lender all Lenders to make, continue continue, maintain or convert into any such LIBO Rate Loan Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Facility Agent that 50 57 the circumstances causing such suspension no longer exist, and all outstanding LIBO Rate Loans payable to of such Lender type shall automatically convert into Base Rate Loans or in the case of Australian Revolving Loans shall bear interest as set forth in Section 4.2 at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBO Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrowers WWI and the Administrative AgentLenders, be conclusive and binding on the BorrowersWWI) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a LIBO Rate Loan, the obligations of such Lender to make, continue continue, maintain or convert any such Loans as LIBO Rate Loan Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Agent that the circumstances causing such suspension no longer existexist (with the date of such notice being the "REINSTATEMENT DATE"), and (i) all outstanding LIBO Rate Loans payable to previously made by such Lender shall automatically convert into Base Rate Loans or in the case of Australian Revolving Loans shall bear interest as set forth in Section 4.2 at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.assertion and