Common use of Unavailability Clause in Contracts

Unavailability. If the Bank determines that for any reason adequate and reasonable means do not exist for ascertaining LIBOR for any Interest Period, the Bank will forthwith give notice of such determination to the Borrowers. Commencing at the end of each Interest Period then in effect, the respective Loan shall bear interest at the Base Rate (rather than at a rate based on LIBOR) until the Bank revokes such notice in writing.

Unavailability. If the Bank determines that for any reason adequate and reasonable means do not exist for ascertaining LIBOR for any Interest Period, the Bank will forthwith give notice of such determination to the BorrowersBorrower. Commencing at the end of each the Interest Period then in effect, the respective Loan shall bear interest at the Base Rate (rather than at a rate based on LIBOR) until the Bank revokes such notice in writing.

Unavailability. If the Bank determines that for any reason adequate and reasonable means do not exist for ascertaining Adjusted LIBOR for any Interest Period, the Bank will forthwith give notice of such determination to the BorrowersBorrower. Commencing at the end of each Interest Period then in effect, the respective Loan shall bear interest at the Base Prime Rate (rather than at a rate based on Adjusted LIBOR) until the Bank revokes such notice in writing.

Unavailability. If the Bank determines that for any reason adequate and reasonable means do not exist for ascertaining Adjusted LIBOR for any Interest Period, the Bank will forthwith give notice of such determination to the Borrowersa Borrower. Commencing at the end of each Interest Period then in effect, the respective Loan shall bear interest at the Base Rate (rather than at a rate based on Adjusted LIBOR) until the Bank revokes such notice in writing.

Unavailability. If the Bank determines that for any reason adequate and reasonable means do not exist for ascertaining Adjusted LIBOR for any Interest Period, the Bank will forthwith give notice of such determination to the BorrowersBorrower. Commencing at the end of each Interest Period then in effect, the respective Loan Loans shall bear interest at the Base Prime Rate (rather than at a rate based on Adjusted LIBOR) until the Bank revokes such notice in writing.