Common use of Unascertainable Clause in Contracts

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 Bank's Rights). 3.4.2.

Appears in 3 contracts

Samples: Credit Agreement (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc)

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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 BankLender's Rights). 3.4.2].

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

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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-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 Bank's Rights)]. 3.4.2.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

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