Temporary Unavailability Sample Clauses
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Temporary Unavailability. If Agent or the Majority Lenders (after consultation with Agent) shall determine in good faith that, adequate and reasonable means do not exist for ascertaining the LIBOR Rate or Daily LIBOR Rate, as applicable, then Agent shall forthwith give notice thereof to Borrowers. Thereafter, until Agent notifies Borrowers that such circumstances no longer exist, (i) the obligation of Lenders to make Advances which bear interest at or by reference to the LIBOR Rate or Daily LIBOR Rate, and the right of Borrowers to convert an Advance to or refund an Advance as an Advance which bear interest at or by reference to the LIBOR Rate shall be suspended, (ii) effective upon the last day of each Eurodollar-Interest Period related to any existing Eurodollar-based Advance, each such Eurodollar-based Advance shall automatically be converted into an Advance which bears interest at or by reference to the Base Rate (without regard to the satisfaction of any conditions to conversion contained elsewhere herein), and (iii) effective immediately following such notice, each Advance which bears interest at or by reference to the LIBOR Rate or Daily LIBOR Rate shall automatically be converted into an Advance which bears interest at or by reference to the Base Rate (without regard to the satisfaction of any conditions to conversion contained elsewhere herein).
Temporary Unavailability. If in connection with any request for a Loan or a conversion to or continuation thereof:
(i) Administrative Agent determines that: (A) deposits (whether denominated in Dollars or an Alternative Currency) are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest Period of such Loan; or (B) adequate and reasonable means do not exist for determining LIBOR (1) for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency) or (2) in connection with an existing or proposed Base Rate Loan including, without limitation, because LIBOR is not available or published on a current basis and such circumstances are likely to be temporary; or
(ii) Administrative Agent or the Required Lenders determine that for any reason the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Funding Parties of funding such Loan; then
(iii) Administrative Agent will promptly so notify Borrower Parties and each Funding Party; and
(iv) as long as no alternative rate described in clause (a)(v) below has been established, then the obligation of the Funding Parties, as applicable, to make or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be suspended (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) until Administrative Agent (upon the instruction of the Required Lenders) revokes such notice; and
(v) notwithstanding the foregoing, if Administrative Agent has made the determination described in clause (a)(i) or clause (a)(ii) above, Administrative Agent, in consultation with the Required Lenders and with the consent of the Borrower Parties, may establish an alternative rate to be used in substitution for LIBOR in calculating the interest rate for the impacted Loans, in which case such alternative rate shall apply in calculating interest with respect to the impacted Loans until (A) Administrative Agent revokes the notice delivered with respect to the impacted Loans under clause (a)(i) or (a)(ii) above, (B) Administrative Agent or the Required Lenders notify Administrative Agent and Borrower that such alternative rate does not adequately and fairly reflect the cost to such Funding Parties of funding the impacted Loans, or (C) any Funding Party determines that any Law has made it unlaw...
Temporary Unavailability. From time to time, the Site and/or Products may be temporarily interrupted or curtailed due to equipment modifications, upgrades, relocation, repairs and other similar activities. ▇▇▇▇▇▇▇▇▇.▇▇▇ will use commercially reasonable efforts to post notice of periodic interruptions of the Site or Products or "maintenance windows" and no reduction of payments will be made in the case of such temporary interruption or "maintenance windows.”
Temporary Unavailability. TFMD will have the right to temporarily restrict access to the RFTA Parking Spaces during times that it is performing maintenance on or repaving Kodiak Drive in the area of the RFTA Parking Spaces or for any other reasonable cause upon prior notice to the RFTA explaining the reason why access to the RFTA Parking Spaces will be temporarily restricted and the anticipated duration of such temporary restriction.
Temporary Unavailability. If in connection with any request for a Loan or a conversion to or continuation thereof:Inability to Determine Rates. With respect to any Daily SOFR Loan or Term SOFR Loan, subject to Section 4.03(b) below, if:
Temporary Unavailability. If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan, or (iii) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended, and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.