{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [37, 48]}, {"key": "in-good-faith", "type": "clause", "offset": [65, 78]}, {"key": "dollar-deposits", "type": "clause", "offset": [93, 108]}, {"key": "principal-amounts", "type": "clause", "offset": [116, 133]}, {"key": "with-respect-to", "type": "clause", "offset": [144, 159]}, {"key": "generally-available", "type": "definition", "offset": [186, 205]}, {"key": "eurodollar-market", "type": "definition", "offset": [230, 247]}, {"key": "eurodollar-rate", "type": "definition", "offset": [312, 327]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [361, 383]}, {"key": "notice-of", "type": "clause", "offset": [401, 410]}, {"key": "such-determination", "type": "definition", "offset": [411, 429]}, {"key": "the-borrowers", "type": "clause", "offset": [433, 446]}, {"key": "the-lenders", "type": "clause", "offset": [451, 462]}, {"key": "in-the-event-of", "type": "definition", "offset": [464, 479]}, {"key": "determination-under", "type": "clause", "offset": [489, 508]}, {"key": "loans-shall", "type": "definition", "offset": [728, 739]}, {"key": "base-rate-loans", "type": "definition", "offset": [770, 785]}, {"key": "absolute-rate", "type": "definition", "offset": [790, 803]}, {"key": "competitive-bid-loans", "type": "clause", "offset": [804, 825]}, {"key": "the-case", "type": "definition", "offset": [830, 838]}, {"key": "continuation-of", "type": "clause", "offset": [905, 920]}, {"key": "eurodollar-revolving-loans", "type": "definition", "offset": [921, 947]}, {"key": "request-for-conversion", "type": "definition", "offset": [972, 994]}], "snippet": "In the event that the Administrative Agent shall have determined in good faith (i) that U.S. dollar deposits in the principal amounts requested with respect to a Eurodollar Loan are not generally available in the London interbank Eurodollar market or (ii) that reasonable means do not exist for ascertaining the Eurodollar Rate, the Administrative Agent shall, as soon as practicable thereafter, give notice of such determination to the Borrowers and the Lenders. In the event of any such determination under clauses (i) or (ii) above, until the Administrative Agent shall have advised the Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any request by a Borrower for Eurodollar Loans shall be deemed to be a request for Base Rate Loans (or Absolute Rate Competitive Bid Loans, as the case may be), and (B) any request by a Borrower for conversion into or continuation of Eurodollar Revolving Loans shall be deemed to be a request for conversion into or continuation of Base Rate Loans.", "size": 53, "samples": [{"hash": "f5bwK2MWpAm", "uri": "/contracts/f5bwK2MWpAm#unavailability", "label": "Revolving Credit Agreement (Dominion Resources Inc /Va/)", "score": 27.8583164215, "published": true}, {"hash": "80cIqhQfezM", "uri": "/contracts/80cIqhQfezM#unavailability", "label": "Revolving Credit Agreement (Dominion Resources Inc /Va/)", "score": 27.8583164215, "published": true}, {"hash": "cTU02GxWSj9", "uri": "/contracts/cTU02GxWSj9#unavailability", "label": "Revolving Credit Agreement (Virginia Electric & Power Co)", "score": 25.4161529541, "published": true}], "hash": "7106200265069e9bd276e17eb3cab8a3", "id": 1}, {"snippet_links": [{"key": "principal-of", "type": "definition", "offset": [34, 46]}, {"key": "interest-on", "type": "definition", "offset": [68, 79]}, {"key": "debt-security", "type": "definition", "offset": [85, 98]}, {"key": "specified-currency", "type": "definition", "offset": [115, 133]}, {"key": "available-to", "type": "definition", "offset": [193, 205]}, {"key": "payments-due", "type": "clause", "offset": [238, 250]}, {"key": "imposition-of-exchange-controls", "type": "clause", "offset": [258, 289]}, {"key": "other-circumstances", "type": "clause", "offset": [320, 339]}, {"key": "control-of", "type": "definition", "offset": [351, 361]}, {"key": "holders-of", "type": "clause", "offset": [440, 450]}, {"key": "securities-by", "type": "definition", "offset": [460, 473]}, {"key": "payments-in-us", "type": "clause", "offset": [486, 501]}, {"key": "dollars-on", "type": "clause", "offset": [503, 513]}, {"key": "basis-of", "type": "clause", "offset": [518, 526]}, {"key": "new-york-city", "type": "definition", "offset": [563, 576]}, {"key": "date-of", "type": "clause", "offset": [655, 662]}, {"key": "currency-exchange-rate", "type": "definition", "offset": [689, 711]}, {"key": "most-recent", "type": "definition", "offset": [753, 764]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [805, 826]}, {"key": "required-by", "type": "definition", "offset": [987, 998]}, {"key": "applicable-law", "type": "definition", "offset": [999, 1013]}, {"key": "the-holders", "type": "clause", "offset": [1038, 1049]}, {"key": "payment-of-principal", "type": "definition", "offset": [1085, 1105]}, {"key": "in-lieu-of", "type": "clause", "offset": [1209, 1219]}, {"key": "conformity-with", "type": "clause", "offset": [1248, 1263]}, {"key": "applicable-measures", "type": "clause", "offset": [1272, 1291]}, {"key": "pursuant-to", "type": "definition", "offset": [1298, 1309]}, {"key": "other-applicable", "type": "definition", "offset": [1341, 1357]}, {"key": "regulatory-requirements", "type": "clause", "offset": [1367, 1390]}], "snippet": "Except as set forth below, if the principal of, premium, if any, or interest on, any Debt Security is payable in a Specified Currency other than U.S. dollars and such Specified Currency is not available to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac for making required payments due to the imposition of exchange controls, its replacement or disuse or other circumstances beyond the control of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, then \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac shall be entitled to satisfy its obligations to Holders of the Debt Securities by making such payments in U.S. dollars on the basis of the noon U.S. dollar buying rate in New York City for cable transfers for such Specified Currency published by the FRBNY on the date of such payment, or, if such currency exchange rate is not available on such date, as of the most recent prior practicable date. Notwithstanding the provisions of the preceding sentence, if euros have replaced such Specified Currency as described under Section 2.03(c)(i) above, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac may, at its option (or shall, if so required by applicable law) without the consent of the Holders of such Debt Securities effect the payment of principal of, premium, if any, or interest on, any Debt Security denominated in such Specified Currency in euros in lieu of such Specified Currency, in conformity with legally applicable measures taken pursuant to, or by virtue of the Treaty or other applicable legal or regulatory requirements.", "size": 18, "samples": [{"hash": "iqHSD6HKdgx", "uri": "/contracts/iqHSD6HKdgx#unavailability", "label": "Global Debt Facility Agreement (Federal Home Loan Mortgage Corp)", "score": 24.3483905792, "published": true}, {"hash": "7jE8TdVwi95", "uri": "/contracts/7jE8TdVwi95#unavailability", "label": "Global Debt Facility Agreement", "score": 22.5770015717, "published": true}, {"hash": "dMIG0015B4h", "uri": "/contracts/dMIG0015B4h#unavailability", "label": "Global Debt Facility Agreement (Federal Home Loan Mortgage Corp)", "score": 22.3360710144, "published": true}], "hash": "d0f2a8403a8f6dfcd10080f8f3f18ee9", "id": 4}, {"snippet_links": [{"key": "commencement-of", "type": "clause", "offset": [21, 36]}, {"key": "interest-period", "type": "clause", "offset": [41, 56]}, {"key": "eurodollar-loan", "type": "definition", "offset": [63, 78]}, {"key": "manifest-error", "type": "definition", "offset": [168, 182]}, {"key": "interbank-offered-rate", "type": "definition", "offset": [253, 275]}, {"key": "eurodollar-rate", "type": "definition", "offset": [283, 298]}, {"key": "without-limitation", "type": "clause", "offset": [326, 344]}, {"key": "screen-rate", "type": "clause", "offset": [358, 369]}, {"key": "not-available", "type": "definition", "offset": [373, 386]}, {"key": "the-required-lenders", "type": "clause", "offset": [493, 513]}, {"key": "the-cost", "type": "clause", "offset": [649, 657]}, {"key": "agent-shall", "type": "definition", "offset": [761, 772]}, {"key": "notice-thereof", "type": "clause", "offset": [778, 792]}, {"key": "the-lenders", "type": "clause", "offset": [813, 824]}, {"key": "by-telephone", "type": "definition", "offset": [825, 837]}, {"key": "notice-of-continuation", "type": "definition", "offset": [1037, 1059]}, {"key": "conversion-of", "type": "clause", "offset": [1089, 1102]}, {"key": "revolving-loan", "type": "clause", "offset": [1107, 1121]}, {"key": "continuation-of", "type": "clause", "offset": [1129, 1144]}, {"key": "loan-shall", "type": "definition", "offset": [1181, 1191]}, {"key": "base-rate-loan", "type": "definition", "offset": [1250, 1264]}, {"key": "borrowing-requests", "type": "clause", "offset": [1290, 1308]}, {"key": "at-any-time", "type": "clause", "offset": [1381, 1392]}, {"key": "in-clause", "type": "clause", "offset": [1530, 1539]}, {"key": "the-supervisor", "type": "clause", "offset": [1683, 1697]}, {"key": "the-administrator", "type": "clause", "offset": [1702, 1719]}, {"key": "authority-having-jurisdiction", "type": "clause", "offset": [1757, 1786]}, {"key": "public-statement", "type": "definition", "offset": [1828, 1844]}, {"key": "interest-rates-for-loans", "type": "clause", "offset": [1941, 1965]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2001, 2019]}, {"key": "to-establish", "type": "definition", "offset": [2029, 2041]}, {"key": "alternate-rate-of-interest", "type": "definition", "offset": [2045, 2071]}, {"key": "due-consideration", "type": "definition", "offset": [2136, 2153]}, {"key": "prevailing-market", "type": "clause", "offset": [2166, 2183]}, {"key": "interest-for", "type": "definition", "offset": [2221, 2233]}, {"key": "in-the-united-states", "type": "clause", "offset": [2240, 2260]}, {"key": "amendment-to", "type": "definition", "offset": [2299, 2311]}, {"key": "agreement-to", "type": "definition", "offset": [2324, 2336]}, {"key": "changes-to", "type": "clause", "offset": [2400, 2410]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [2455, 2495]}, {"key": "section-126", "type": "clause", "offset": [2499, 2511]}, {"key": "become-effective", "type": "clause", "offset": [2534, 2550]}, {"key": "further-action", "type": "clause", "offset": [2563, 2577]}, {"key": "consent-of", "type": "clause", "offset": [2581, 2591]}, {"key": "other-party", "type": "definition", "offset": [2596, 2607]}, {"key": "business-days-of", "type": "clause", "offset": [2706, 2722]}, {"key": "written-notice", "type": "clause", "offset": [2804, 2818]}, {"key": "in-accordance-with", "type": "definition", "offset": [2962, 2980]}, {"key": "this-clause", "type": "clause", "offset": [2981, 2992]}, {"key": "in-the-case", "type": "clause", "offset": [3004, 3015]}, {"key": "to-the-extent", "type": "clause", "offset": [3109, 3122]}, {"key": "base-rate-borrowing", "type": "definition", "offset": [3498, 3517]}, {"key": "provided-that", "type": "clause", "offset": [3519, 3532]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3631, 3650]}], "snippet": "(i) If, prior to the commencement of any Interest Period for a Eurodollar Loan:\n(A) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Interbank Offered Rate or the Eurodollar Rate, as applicable (including, without limitation, because the Screen Rate is not available or published on a current basis), for such Interest Period; or\n(B) the Administrative Agent is advised by the Required Lenders that the Interbank Offered Rate or the Eurodollar Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any Notice of Continuation/Conversion that requests the conversion of any Revolving Loan to, or continuation of any Revolving Loan as, a Eurodollar Loan shall be ineffective and such Loan shall remain or convert to a Base Rate Loan and (B) if any Notice of Borrowing requests a Eurodollar Loan, such Loan shall be made as a Base Rate Loan.\n(ii) If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (x) the circumstances set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or (y) the circumstances set forth in clause (a)(i) have not arisen but the supervisor for the administrator of the Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the Screen Rate shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest to the Interbank Offered Rate and/or Eurodollar Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for loans in the United States at such time, and shall enter into an amendment to this Credit Agreement to reflect such alternate rate of interest and such other related changes to this Credit Agreement as may be applicable. Notwithstanding anything to the contrary in Section 12.6, such amendment shall become effective without any further action or consent of any other party to this Credit Agreement so long as the Administrative Agent shall not have received, within five Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required Lenders stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (ii) (but, in the case of the circumstances described in clause (y) of the first sentence of this clause (ii), only to the extent the Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any Notice of Continuation/Conversion that requests the conversion of any Revolving Loan to, or continuation of any Revolving Loan as, a Eurodollar Loan shall be ineffective and (y) if any Notice of Borrowing requests a Eurodollar Loan, such Loan shall be made as a Base Rate Borrowing; provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Credit Agreement.", "size": 44, "samples": [{"hash": "fobiCWSc2a", "uri": "/contracts/fobiCWSc2a#unavailability", "label": "Revolving Credit Agreement (Dominion Energy South Carolina, Inc.)", "score": 31.8473644257, "published": true}, {"hash": "8MLKJgJlPRO", "uri": "/contracts/8MLKJgJlPRO#unavailability", "label": "Revolving Credit Agreement (Virginia Electric & Power Co)", "score": 31.8473644257, "published": true}, {"hash": "ivKqkF6YVRY", "uri": "/contracts/ivKqkF6YVRY#unavailability", "label": "Revolving Credit Agreement (South Carolina Electric & Gas Co)", "score": 30.2292957306, "published": true}], "hash": "9a1b643ec688a3ebcb582876017a5f81", "id": 2}, {"snippet_links": [{"key": "the-agent-shall", "type": "clause", "offset": [18, 33]}, {"key": "in-good-faith", "type": "clause", "offset": [50, 63]}, {"key": "dollar-deposits", "type": "clause", "offset": [73, 88]}, {"key": "principal-amounts", "type": "clause", "offset": [96, 113]}, {"key": "with-respect-to", "type": "clause", "offset": [124, 139]}, {"key": "generally-available", "type": "definition", "offset": [171, 190]}, {"key": "eurodollar-market", "type": "definition", "offset": [215, 232]}, {"key": "eurodollar-rate", "type": "definition", "offset": [297, 312]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [331, 353]}, {"key": "notice-of", "type": "clause", "offset": [371, 380]}, {"key": "such-determination", "type": "definition", "offset": [381, 399]}, {"key": "the-lenders", "type": "clause", "offset": [420, 431]}, {"key": "in-the-event-of", "type": "definition", "offset": [433, 448]}, {"key": "under-clause", "type": "clause", "offset": [472, 484]}, {"key": "by-the-borrower", "type": "clause", "offset": [651, 666]}, {"key": "eurodollar-borrowings", "type": "clause", "offset": [671, 692]}, {"key": "base-rate-borrowings", "type": "clause", "offset": [729, 749]}, {"key": "continuation-of", "type": "clause", "offset": [806, 821]}, {"key": "request-for-conversion", "type": "definition", "offset": [868, 890]}, {"key": "day-of", "type": "clause", "offset": [1036, 1042]}, {"key": "interest-period-shall", "type": "definition", "offset": [1046, 1067]}], "snippet": "In the event that the Agent shall have determined in good faith (i) that Dollar deposits in the principal amounts requested with respect to a Eurodollar Borrowing are not generally available in the London interbank Eurodollar market or (ii) that reasonable means do not exist for ascertaining the Eurodollar Rate, the Agent shall, as soon as practicable thereafter, give notice of such determination to the Borrower and the Lenders. In the event of any such determination under clause (i) or (ii) above, until the Agent shall have advised the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any request by the Borrower for Eurodollar Borrowings shall be deemed to be a request for Base Rate Borrowings, (B) any request by the Borrower for conversion into or continuation of Eurodollar Borrowings shall be deemed to be a request for conversion into or continuation of Base Rate Borrowings and (C) any Borrowings that were to be converted or continued as Eurodollar Borrowings on the first day of an Interest Period shall be converted to or continued as Base Rate Borrowings.", "size": 24, "samples": [{"hash": "lkb91A9hOgR", "uri": "/contracts/lkb91A9hOgR#unavailability", "label": "Credit Agreement (Wisconsin Energy Corp)", "score": 21.0, "published": true}, {"hash": "k7Ec7aWxpKq", "uri": "/contracts/k7Ec7aWxpKq#unavailability", "label": "Credit Agreement (Wisconsin Energy Corp)", "score": 21.0, "published": true}, {"hash": "dtSe1qye8oo", "uri": "/contracts/dtSe1qye8oo#unavailability", "label": "Credit Agreement (Wisconsin Energy Corp)", "score": 21.0, "published": true}], "hash": "b13ba1c308330bd3b8909889ed7baa24", "id": 3}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "in-good-faith", "type": "clause", "offset": [46, 59]}, {"key": "maintenance-of", "type": "clause", "offset": [121, 135]}, {"key": "eurodollar-loans", "type": "definition", "offset": [167, 183]}, {"key": "official-body", "type": "definition", "offset": [350, 363]}, {"key": "effect-of-law", "type": "clause", "offset": [495, 508]}, {"key": "dollar-deposits", "type": "clause", "offset": [524, 539]}, {"key": "to-the-bank", "type": "clause", "offset": [620, 631]}, {"key": "eurodollar-interbank-market", "type": "definition", "offset": [646, 673]}, {"key": "any-other-reason", "type": "clause", "offset": [689, 705]}, {"key": "the-agent", "type": "clause", "offset": [712, 721]}, {"key": "notification-to", "type": "clause", "offset": [728, 743]}, {"key": "such-determination", "type": "definition", "offset": [750, 768]}, {"key": "other-banks", "type": "definition", "offset": [810, 821]}, {"key": "and-the-company", "type": "clause", "offset": [822, 837]}, {"key": "the-company-and-the", "type": "clause", "offset": [984, 1003]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [1111, 1144]}, {"key": "notice-by-the-company", "type": "clause", "offset": [1229, 1250]}, {"key": "abr-loans", "type": "clause", "offset": [1267, 1276]}, {"key": "the-obligation", "type": "clause", "offset": [1286, 1300]}, {"key": "elections-and-renewals", "type": "clause", "offset": [1339, 1361]}, {"key": "loans-shall", "type": "definition", "offset": [1376, 1387]}, {"key": "the-company-shall", "type": "clause", "offset": [1410, 1427]}, {"key": "committed-loan-request", "type": "definition", "offset": [1441, 1463]}, {"key": "the-loan", "type": "clause", "offset": [1537, 1545]}], "snippet": "If at any time any Bank shall have determined in good faith (which determination shall be conclusive) that the making or maintenance of all or any part of such Bank's Eurodollar Loans has been made impracticable or unlawful because of compliance by such Bank in good faith with any law or guideline or interpretation or administration thereof by any official body charged with the interpretation or administration thereof or with any request or directive of such body (whether or not having the effect of law), because U.S. dollar deposits in the amount and requested maturity of such Eurodollar Loans are not available to the Bank in the London Eurodollar interbank market, or because of any other reason, then the Agent, upon notification to it of such determination by such Bank, shall forthwith advise the other Banks and the Company thereof. Upon such date as shall be specified in such notice and until such time as the Agent, upon notification to it by such Bank, shall notify the Company and the other Banks that the circumstances specified by it in such notice no longer apply, (i) notwithstanding any other provision of this Agreement, such Eurodollar Loans of such Bank shall automati cally and without requirement of notice by the Company be converted to ABR Loans and (ii) the obligation of only such Bank to allow borrowing, elections and renewals of Eurodollar Loans shall be suspended, and, if the Company shall request in a Committed Loan Request or Conversion/Continuance Request that such Bank make a Eurodollar Loan, the loan requested to be made by such Bank shall instead be made as an ABR Loan.", "size": 10, "samples": [{"hash": "juqRNMokPNA", "uri": "/contracts/juqRNMokPNA#unavailability", "label": "Revolving Credit Agreement (Health Care Property Investors Inc)", "score": 18.0, "published": true}, {"hash": "6cK7RXvquq5", "uri": "/contracts/6cK7RXvquq5#unavailability", "label": "Revolving Credit Agreement (Health Care Property Investors Inc)", "score": 18.0, "published": true}, {"hash": "59ltt1H08J1", "uri": "/contracts/59ltt1H08J1#unavailability", "label": "Revolving Credit Agreement (Health Care Property Investors Inc)", "score": 18.0, "published": true}], "hash": "8a27a3f9332a1de1548c3389c8cfd891", "id": 5}, {"snippet_links": [{"key": "commencement-of", "type": "clause", "offset": [16, 31]}, {"key": "interest-period", "type": "clause", "offset": [36, 51]}, {"key": "eurodollar-loans", "type": "definition", "offset": [73, 89]}, {"key": "applicable-currency", "type": "clause", "offset": [137, 156]}, {"key": "eurocurrency-interbank-market", "type": "clause", "offset": [220, 249]}, {"key": "eurocurrency-market", "type": "definition", "offset": [335, 354]}, {"key": "applicable-libor", "type": "definition", "offset": [419, 435]}, {"key": "the-required-lenders", "type": "clause", "offset": [444, 464]}, {"key": "notify-the", "type": "clause", "offset": [465, 475]}, {"key": "the-agent-will", "type": "clause", "offset": [514, 528]}, {"key": "the-cost", "type": "clause", "offset": [563, 571]}, {"key": "relevant-currency", "type": "clause", "offset": [737, 754]}, {"key": "an-event", "type": "clause", "offset": [811, 819]}, {"key": "date-hereof", "type": "clause", "offset": [840, 851]}, {"key": "adversely-affects", "type": "definition", "offset": [900, 917]}, {"key": "the-agent-shall", "type": "clause", "offset": [957, 972]}, {"key": "days-prior", "type": "definition", "offset": [991, 1001]}, {"key": "notice-thereof", "type": "clause", "offset": [1052, 1066]}, {"key": "the-company-and-the", "type": "clause", "offset": [1070, 1089]}, {"key": "obligations-of-the-lenders", "type": "clause", "offset": [1221, 1247]}], "snippet": "If prior to the commencement of any Interest Period for any Borrowing of Eurodollar Loans:\n(a) the Agent determines that deposits in the applicable currency (in the applicable amounts) are not being offered to it in the eurocurrency interbank market for such Interest Period, or that by reason of circumstances affecting the interbank eurocurrency market adequate and reasonable means do not exist for ascertaining the applicable LIBOR, or\n(b) the Required Lenders notify the Agent that (i) LIBOR as determined by the Agent will not adequately and fairly reflect the cost to such Lenders of funding their Eurodollar Loans in the currency in question for such Interest Period or (ii) that the making or funding of Eurodollar Loans in the relevant currency has become impracticable, in either case as a result of an event occurring after the date hereof which in the opinion of such Lenders materially adversely affects such Loans, then and in any such event the Agent shall not less than two days prior to the commencement of such Interest Period, give notice thereof to the Company and the Lenders, whereupon until the Agent notifies the Company that the circumstances giving rise to such suspension no longer exist, the obligations of the Lenders to make Loans in the currency so affected or to make Eurodollar Loans (as applicable) shall be suspended.", "size": 7, "samples": [{"hash": "klpES27j5Bz", "uri": "/contracts/klpES27j5Bz#unavailability", "label": "Credit Agreement (EMCOR Group, Inc.)", "score": 31.327173233, "published": true}, {"hash": "1f1nnvo6ZYN", "uri": "/contracts/1f1nnvo6ZYN#unavailability", "label": "Credit Agreement (Emcor Group Inc)", "score": 27.8199863434, "published": true}, {"hash": "4HpOgd2vk1L", "uri": "/contracts/4HpOgd2vk1L#unavailability", "label": "Credit Agreement (Emcor Group Inc)", "score": 23.1505813599, "published": true}], "hash": "1d545e2b1724f24a393c7db9a68ff5c7", "id": 6}, {"snippet_links": [{"key": "for-any-reason", "type": "clause", "offset": [28, 42]}, {"key": "interest-period", "type": "clause", "offset": [117, 132]}, {"key": "the-bank-will", "type": "clause", "offset": [134, 147]}, {"key": "notice-of", "type": "clause", "offset": [163, 172]}, {"key": "such-determination", "type": "definition", "offset": [173, 191]}, {"key": "to-the-borrower", "type": "definition", "offset": [192, 207]}, {"key": "the-interest", "type": "clause", "offset": [234, 246]}, {"key": "in-effect", "type": "clause", "offset": [259, 268]}, {"key": "loan-shall", "type": "definition", "offset": [274, 284]}, {"key": "the-base-rate", "type": "definition", "offset": [302, 315]}, {"key": "based-on", "type": "definition", "offset": [339, 347]}, {"key": "notice-in-writing", "type": "definition", "offset": [383, 400]}], "snippet": "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 Borrower. Commencing at the end of the Interest Period then in effect, the Loan shall bear interest at the Base Rate (rather than at a rate based on LIBOR) until the Bank revokes such notice in writing.", "size": 7, "samples": [{"hash": "bkoNoxwo3V9", "uri": "/contracts/bkoNoxwo3V9#unavailability", "label": "Pledge and Security Agreement (DWG Acquisition Group L P)", "score": 18.0, "published": true}, {"hash": "8RerwMNrcwl", "uri": "/contracts/8RerwMNrcwl#unavailability", "label": "Pledge and Security Agreement (Triarc Companies Inc)", "score": 18.0, "published": true}], "hash": "621646be625d9ddea8a7f620e59f657d", "id": 7}, {"snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "the-university", "type": "clause", "offset": [18, 32]}, {"key": "at-the-time", "type": "clause", "offset": [98, 109]}, {"key": "this-agreement", "type": "clause", "offset": [110, 124]}, {"key": "entered-into", "type": "clause", "offset": [128, 140]}, {"key": "by-the-student", "type": "clause", "offset": [183, 197]}, {"key": "the-student-shall", "type": "clause", "offset": [200, 217]}, {"key": "pro-rata-refund", "type": "definition", "offset": [235, 250]}, {"key": "applicable-to", "type": "definition", "offset": [263, 276]}, {"key": "not-limited", "type": "clause", "offset": [360, 371]}, {"key": "damage-caused", "type": "clause", "offset": [376, 389]}, {"key": "natural-disasters", "type": "clause", "offset": [433, 450]}, {"key": "civil-disorder", "type": "clause", "offset": [483, 497]}, {"key": "compliance-with-state", "type": "clause", "offset": [499, 520]}, {"key": "federal-law", "type": "definition", "offset": [521, 532]}, {"key": "basic-services", "type": "clause", "offset": [554, 568]}], "snippet": "In the event that the UNIVERSITY cannot provide housing due to conditions not reasonably foreseen at the time this agreement is entered into (but not as a result of conditions caused by the STUDENT), the STUDENT shall be entitled to a pro rata refund of any fees applicable to periods after the STUDENT was required to vacate. Such conditions include, but are not limited to, damage caused by floods, slides, fire, earthquake, other natural disasters and vandalism; room renovation; civil disorder; compliance with state/federal law; and interruption of basic services because of labor strife.", "size": 6, "samples": [{"hash": "8bPUitSkf6C", "uri": "/contracts/8bPUitSkf6C#unavailability", "label": "Housing and Meal Plan Contract", "score": 31.7314968109, "published": true}, {"hash": "3q6zj1acQjo", "uri": "/contracts/3q6zj1acQjo#unavailability", "label": "Housing and Meal Plan Contract", "score": 31.2588233948, "published": true}, {"hash": "gFnA99y6H9p", "uri": "/contracts/gFnA99y6H9p#unavailability", "label": "Housing and Meal Plan Contract", "score": 30.1696949005, "published": true}], "hash": "233cd45052289534d194e0d0c67654d4", "id": 8}, {"snippet_links": [{"key": "teachers-will", "type": "clause", "offset": [0, 13]}, {"key": "procedure-to-be-followed", "type": "clause", "offset": [33, 57]}, {"key": "reporting-unavailability-for-work", "type": "clause", "offset": [61, 94]}, {"key": "a-teacher", "type": "clause", "offset": [101, 110]}, {"key": "the-administration", "type": "clause", "offset": [185, 203]}, {"key": "arrange-for", "type": "clause", "offset": [209, 220]}, {"key": "proper-procedure", "type": "clause", "offset": [242, 258]}, {"key": "the-teacher", "type": "definition", "offset": [278, 289]}, {"key": "cost-of", "type": "definition", "offset": [295, 302]}, {"key": "immediate-supervisor", "type": "definition", "offset": [402, 422]}, {"key": "one-week", "type": "definition", "offset": [423, 431]}, {"key": "in-advance", "type": "clause", "offset": [432, 442]}, {"key": "planned-absence", "type": "clause", "offset": [452, 467]}, {"key": "short-term-disability", "type": "clause", "offset": [475, 496]}, {"key": "medical-procedures", "type": "clause", "offset": [556, 574]}], "snippet": "Teachers will be informed of the procedure to be followed in reporting unavailability for work. Once a teacher has reported to be unavailable and has given the reason for such absence, the administration will arrange for a substitute. If the proper procedure is not followed by the teacher, the cost of the substitute may be deducted from the teacher's salary. Teachers must, if possible, notify their immediate supervisor one week in advance of their planned absence due to short term disability as the result of elective or necessary, but not emergency, medical procedures.", "size": 5, "samples": [{"hash": "82yMnXhjcYN", "uri": "/contracts/82yMnXhjcYN#unavailability", "label": "Master Agreement", "score": 33.2360458374, "published": true}, {"hash": "5LjYSV60cL4", "uri": "/contracts/5LjYSV60cL4#unavailability", "label": "Master Agreement", "score": 32.8336410522, "published": true}, {"hash": "msYmWrTxF8", "uri": "/contracts/msYmWrTxF8#unavailability", "label": "Master Agreement", "score": 25.6891098022, "published": true}], "hash": "50343e4480cfa01e3be3276015b9a680", "id": 9}, {"snippet_links": [{"key": "software-solution", "type": "definition", "offset": [34, 51]}, {"key": "software-and-operating-system", "type": "clause", "offset": [125, 154]}, {"key": "access-to-the-platform", "type": "clause", "offset": [199, 221]}, {"key": "maintenance-activities", "type": "clause", "offset": [315, 337]}, {"key": "by-customer", "type": "clause", "offset": [356, 367]}, {"key": "customer-hardware", "type": "definition", "offset": [380, 397]}, {"key": "vicious-attacks", "type": "clause", "offset": [411, 426]}, {"key": "reasonable-control", "type": "clause", "offset": [454, 472]}, {"key": "third-party-service-provider", "type": "clause", "offset": [506, 534]}, {"key": "data-center", "type": "definition", "offset": [539, 550]}, {"key": "network-connectivity", "type": "clause", "offset": [566, 586]}, {"key": "mobile-device", "type": "clause", "offset": [594, 607]}, {"key": "hardware-failure", "type": "clause", "offset": [608, 624]}], "snippet": "Company\u2019s Platform and Customer\u2019s Software Solution shall deem to be Unavailable if Customer\u2019s reasonably upgraded hardware, software and operating system is functioning properly, but cannot achieve access to the Platform and/or Software Solution. Unavailability shall not be deemed to occur as a result of Company maintenance activities; acts of omission by Customer, failure of Customer hardware or software, Vicious Attacks or events beyond Company\u2019s reasonable control, including Unavailability due to third party service provider and data center issues, mobile network connectivity and/or mobile device hardware failure.", "size": 5, "samples": [{"hash": "hDrOjmBO8WS", "uri": "/contracts/hDrOjmBO8WS#unavailability", "label": "Service Agreement", "score": 35.5409507751, "published": true}, {"hash": "9WATn91P27T", "uri": "/contracts/9WATn91P27T#unavailability", "label": "Service Agreement", "score": 34.046295166, "published": true}, {"hash": "4VztxFGjtdY", "uri": "/contracts/4VztxFGjtdY#unavailability", "label": "Service Agreement", "score": 33.9121627808, "published": true}], "hash": "d5a1496d784cbd9884bba62620de1027", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihd1bmF2YWlsYWJpbGl0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["additional-provisions-regarding-loans", "Additional Provisions Regarding Loans"], ["eurodollar-loan-provisions", "Eurodollar Loan Provisions"], ["miscellaneous", "Miscellaneous"], ["interest", "Interest"], ["authorization-certain-terms", "Authorization Certain Terms"]], "children": [["general", "General"], ["", ""], ["unavailability-of-sofr", "Unavailability of SOFR"], ["unavailability-of-euribor-or-\u2587\u2587\u2587\u2587\u2587", "Unavailability of EURIBOR or \u2587\u2587\u2587\u2587\u2587"], ["representations-and-warranties", "Representations and Warranties"]], "size": 407, "title": "Unavailability", "id": "unavailability", "related": [["shortages", "Shortages", "Shortages"], ["unavailability-of-tenor-of-benchmark", "Unavailability of Tenor of Benchmark", "<strong>Unavailability</strong> of Tenor of Benchmark"], ["act-of-god", "Act of God", "Act of God"], ["disruption", "Disruption", "Disruption"], ["benchmark-unavailability-period", "Benchmark Unavailability Period", "Benchmark <strong>Unavailability</strong> Period"]], "related_snippets": [], "updated": "2026-04-10T04:42:41+00:00", "also_ask": ["What triggers should define 'unavailability' to avoid ambiguity?", "How can parties limit abuse of the unavailability clause in negotiations?", "What are the most common legal pitfalls or unenforceable terms in unavailability clauses?", "How do courts interpret and enforce unavailability provisions in similar contracts?", "What alternative mechanisms exist to address unavailability, and how do they compare legally?"], "drafting_tip": "Specify the circumstances constituting unavailability to prevent disputes; set notification requirements to ensure timely communication; define remedies for unavailability to clarify consequences.", "explanation": "The Unavailability clause defines the procedures and consequences when a party, service, or resource becomes unavailable during the term of an agreement. Typically, this clause outlines the steps to be taken if a key individual cannot perform their duties, or if a service is interrupted, such as providing notice, arranging for substitutes, or suspending obligations until availability is restored. Its core function is to manage disruptions by clarifying responsibilities and remedies, thereby minimizing uncertainty and ensuring continuity or fair adjustment in the event of unavailability."}, "json": true, "cursor": ""}}