Alternate Interest Rate. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any LIBOR Rate for any Interest Period or Default Interest Period:
Alternate Interest Rate. Anything herein to the contrary notwithstanding, if, on or prior to any Interest Determination Date:
Alternate Interest Rate. 2.15.1 If at any time Agent or the Requisite Lenders shall have reasonably determined (which determination shall be conclusive and binding upon Borrowers) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the 1-month LIBOR Rate, Agent shall give telecopy, telephonic or written notice thereof to Master Borrower and the Lenders as soon as practicable thereafter. If such notice is given, and until such notice has been withdrawn by Agent, all Loans, Swing Line Loans and Letter of Credit Advances shall bear interest at the Alternate Interest Rate rather than by reference to the LIBOR Market Index Rate.
Alternate Interest Rate. If the Bank shall determine in its sole ------------------------- discretion that it is unable to quote the LIBOR Rate or that it is unable or impossible to fund the amounts outstanding at an interest rate based upon the LIBOR Rate, the Bank shall promptly notify the Borrowers of such determination and each all amounts outstanding under the Term Note shall begin to bear interest at an interest rate per annum equal to the sum of the Base Rate minus three quarters of one percent (0.75%) commencing on the last day of the then current interest period.
Alternate Interest Rate. If within one Business Day of any date that the Borrowers request a LIBOR Based Rate Loan, the Bank shall determine in its sole discretion that it is unable to quote the requested LIBOR Based Rate or that it is unable or impossible to fund the requested LIBOR Based Rate Loan for the Interest Period requested, the Bank shall promptly notify the Borrower of such determination and no LIBOR Based Rate Loan shall be made by the Bank on the borrowing date and/or no Base Rate Loan shall be converted to a LIBOR Based Rate Loan, as applicable. Upon receipt of such notification, the Borrowers may withdraw any outstanding request for a LIBOR Based Rate Loan by giving written notice of withdrawal to the Bank prior to such borrowing date. Unless withdrawn in accordance with this Section 2.6, any outstanding request for such LIBOR Based Rate Loan shall be deemed to be a request for a Base Rate Loan in equal principal amount, and such Base Rate Loan shall be made on such borrowing date.
Alternate Interest Rate. The applicable interest rate under Facility No. 1 shall be the interest rate defined in Paragraph 2.4 above. Notwithstanding the foregoing, if the interest rate defined in Paragraph 2.4 is not available due to circumstances beyond the control of Bank, the applicable interest rate under Facility No. 1 shall be as follows:
Alternate Interest Rate. Anything herein to the contrary notwithstanding, if, on or prior to the determination of the Eurodollar Rate for any Interest Period:
Alternate Interest Rate. (a) In the event of any default in the ----------------------- performance of any of Mortgagor's covenants or agreements herein, Mortgagee may, at the option of Mortgagee, perform any covenant or agreement of Mortgagor and the amount or cost thereof, with interest at a rate per annum equal to two (2%) percent per annum in excess of the rate payable at the time in question hereunder in effect from time to time (the "Alternate Interest Rate") (but not ----------------------- in excess of the maximum rate allowed by law to be charged to Mortgagor), shall immediately be due and payable from Mortgagor to Mortgagee. If any payment due hereunder is not paid in full when due, whether at maturity or otherwise, by acceleration or otherwise, then the same shall bear interest thereon at a rate per annum equal at all times to two (2%) percent per annum above the rate of interest otherwise applicable with respect to such amount,computed from such date and until receipt and collection of the Obligations, and such charge shall be secured by this Mortgage. This provision shall not, however, be construed as an agreement on the part of Mortgagee in favor of Mortgagor or privilege granted by Mortgagee to Mortgagor to extend this Mortgage or as a waiver by Mortgagee of any other right or remedy of this Mortgage.
Alternate Interest Rate. Anything to the contrary in this Agreement notwithstanding, if, on or prior to the determination of LIBOR for any Interest Period or Default Interest Period:
Alternate Interest Rate. If within one Business Day of any date that the Borrower requests a LIBO Rate Loan, the Bank shall determine in its sole discretion, reasonably exercised, that it is unable to quote the requested LIBO Rate or that it is unable to fund the requested LIBO Rate Loan for the Interest Period requested, the Bank shall promptly notify the Borrower of such determination pursuant to Section 10.1 and no LIBO Rate Loan shall be made by the Bank on the borrowing date for which such request was made. Upon receipt of such notification, the Borrower may withdraw any outstanding request for a LIBO Rate Loan by giving written notice of withdrawal to the Bank pursuant to Section 10.1 prior to such borrowing date. Unless withdrawn in accordance with this Section 3.1, any outstanding request for such LIBO Rate Loan shall be deemed to be a request for a Base Rate Loan in equal principal amount, and such Base Rate Loan shall be made on such borrowing date. At such time thereafter as the Bank shall be able to quote the requested LIBO Rate or fund the requested LIBO Rate Loan for the Interest Period requested, the Bank shall so notify the Borrower whereupon the Borrower pursuant to Section 10.1 shall have the right to request a LIBO Rate Loan in accordance with the terms hereof.
