Availability of Deposits at a Determinable Rate. If, after the Borrower has elected to borrow or maintain any Loan at the Federal Funds-Based Rate, the Lender notifies the Borrower that: (i) United States dollar deposits in the amount and for the maturity requested are not available to the Lender; or (ii) Reasonable means do not exist for the Lender to determine the Federal Funds-Based Rate for the amount and maturity requested; all as determined by the Lender in its sole discretion, then the principal subject to the Federal Funds-Based Rate will accrue interest at the Prime Rate.
Appears in 2 contracts
Sources: Credit Agreement (First Mid Illinois Bancshares Inc), Credit Agreement (First Mid Illinois Bancshares Inc)