Common use of Change in Costs Clause in Contracts

Change in Costs. If prior to the first day of any Interest Period with respect to a Eurodollar Loan, any Lender shall have determined (which determination shall be conclusive and binding upon the Borrower and the Guarantors absent manifest error) that: (i) by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (ii) the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lender or its Eurodollar Lending Office of maintaining its Eurodollar Loan during such Interest Period, then such Lender shall give facsimile or telephone notice thereof to the Borrower as soon as practicable thereafter. If such notice is given, the interest rate on each Bridge Loan for such Interest Period and for each subsequent Interest Period until such conditions or circumstances no longer exist shall equal the sum of the Base Rate plus the Applicable Margin.

Change in Costs. If prior to the first day of any Interest Period with respect to a Eurodollar Rate Loan, any Lender shall have determined (which determination shall be conclusive and binding upon the Borrower and the Guarantors absent manifest errorGuarantors) that: (i) by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (ii) the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lender or its Eurodollar Lending Office of maintaining its Eurodollar Rate Loan during such Interest Period, then such Lender shall give facsimile or telephone notice thereof to the Borrower as soon as practicable thereafter. If such notice is given, the interest rate on each Bridge Loan for such Interest Period and for each subsequent Interest Period until such conditions or circumstances no longer exist Lender gives notice to the Borrower otherwise shall equal the sum of the Base Rate plus the Applicable Margin.