Unascertainable Clause Samples
Unascertainable. If on any date on which a LIBOR Rate would otherwise be determined, the Administrative Agent shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such LIBOR Rate, or
(ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market relating to the LIBOR Rate, the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative Agent’s and Lender’s Rights].
Unascertainable. If on any date on which a Euro-Rate would otherwise be determined, the Agent shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such Euro-Rate, or
(ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market relating to the Euro-Rate, the Agent shall have the rights specified in Section 4.4.3.
Unascertainable. If on any date on which a Euro-Rate would otherwise be determined, the Administrative Agent shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such Euro-Rate, or
(ii) a contingency has occurred which materially and adversely affects the Relevant Interbank Market relating to the Euro-Rate, then the Administrative Agent shall have the rights specified in Section 4.4.4 [Administrative Agent’s and Lender’s Rights].
Unascertainable. If on any date on which a LIBO-Rate would otherwise be determined, the Agent shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such LIBO-Rate, or
(ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market relating to the LIBO-Rate, the Agent shall have the rights specified in Section 3.4.3 [Agent’s and Lender’s Rights].
Unascertainable. If on any date on which a LIBOR Rate would otherwise be determined, the Lender shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such LIBOR Rate, or
(ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market relating to the LIBOR Rate, then the Lender shall have the rights specified in Section 4.4.3 [Lender's Rights].
Unascertainable. If on any date on which LIBOR would otherwise be determined with respect to Revolving Credit Loans or Bid Loans, the Agent shall have determined that:
(i) adequate and fair means do not exist for ascertaining such LIBOR, or
(ii) a contingency has occurred which materially and adversely affects the respective London interbank market relating to LIBOR, the Agent shall have the rights specified in Section 3.04(c).
Unascertainable. If on any date on which any interest rate applicable to any Fixed Rate Loan would otherwise be determined, the Applicable Agent shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such interest rate, or
(ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market or the Canadian commercial banking market relating to such interest rate, the Applicable Agent shall have the rights specified in Section 3.01(c).
Unascertainable. If at any time, the Administrative Agent shall have determined (which determination shall be conclusive and binding absent manifest error) that:
(i) any Interest Rate Option cannot be determined pursuant to the definition thereof; or
(ii) with respect to any Loan denominated in an Alternative Currency, a fundamental change has occurred in the foreign exchange or interbank markets with respect to such Currency (including, without limitation, changes in national or international financial, political or economic conditions or currency exchange rates or exchange controls); then the Administrative Agent shall have the rights specified in Section 3.03(b).
Unascertainable. If on any date on which a Term SOFR Rate would otherwise be determined, the Administrative Agent shall have determined that:
(a) adequate and reasonable means do not exist for ascertaining such Term SOFR Rate, or
(b) a fundamental change has occurred with respect to the Term SOFR Rate (including, without limitation, changes in national or international financial, political or economic conditions) that materially and adversely affects the ability to determine the Term SOFR Rate, the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative Agent’s and ▇▇▇▇▇▇’s Rights].
Unascertainable. If on any date on which a Euro-Rate would otherwise be determined, the Lender shall have determined that:
(i) adequate and reasonable means do not exist for ascertaining such Euro-Rate, or
(ii) a contingency has occurred which materially and adversely affects the secondary market for the London interbank eurodollar market relating to the Euro-Rate, the Lender shall have the rights specified in Section .