Common use of Adjustment Spread Clause in Contracts

Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with Condition 3.4(b), the Issuer, following consultation with the Independent Adviser, shall determine, acting in good faith and in a commercially reasonable manner, an Adjustment Spread (which may be expressed as a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with Condition 3.4(b), the foregoing provisions and if the Issuer, following consultation with the Independent Adviser, shall determine, acting determines in good faith and in a commercially reasonable manner, (i) that an Adjustment Spread is required to be applied to the Successor Rate or the Alternative Rate (which as the case may be expressed as be) and (ii) the quantum of, or a formula or methodology for determining the applicable determining, such Adjustment Spread (andSpread, for the avoidance of doubt, may be positive, negative or zero)), which then such Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Adjustment Spread. If a any Successor Rate or Alternative Rate is determined in accordance with Condition 3.4(b6.7(I)(b), then the Issuer, following consultation with the Independent Adviser, shall determine, Adviser and acting in good faith and in a commercially reasonable manner, shall determine an Adjustment Spread (which may be expressed as a specific quantum of, or a formula or methodology for determining the applicable determining, such Adjustment Spread (and, for the avoidance of doubt, may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Interest Rate of Interest (or a relevant any component part part(s) thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with Condition 3.4(b6.7(b), the Issuer, following consultation with the Independent Adviser, shall determine, Adviser and acting in good faith and in a commercially reasonable manner, manner shall determine an Adjustment Spread (which may be expressed as a specified quantum, or a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, and which Adjustment Spread may be positive, negative or zero)), which Adjustment Spread zero and shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate the Rate(s) of Interest (or a the relevant component part component(s) thereof) by reference to such Successor Rate or Alternative Rate (Rate, as applicable).

Adjustment Spread. If a any Successor Rate or Alternative Rate is determined in accordance with Condition 3.4(b6.7(b), then the Issuer, following consultation with the Independent Adviser, shall determine, Adviser and acting in good faith and in a commercially reasonable manner, shall determine an Adjustment Spread (which may be expressed as a specific quantum of, or a formula or methodology for determining the applicable determining, such Adjustment Spread (and, for the avoidance of doubt, may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant any component part part(s) thereof) by reference to such Successor Rate or Alternative Rate (as applicable).