Common use of Alternative basis of interest or funding Clause in Contracts

Alternative basis of interest or funding. If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 3 contracts

Samples: Assignment and Assumption (WABCO Holdings Inc.), Facility Agreement (WABCO Holdings Inc.), Facility Agreement (Oracle Corp /De/)

AutoNDA by SimpleDocs

Alternative basis of interest or funding. If a Market Disruption Event market disruption event occurs and the Lender or the Borrower so requires, the Lender Borrower and the Borrower shall Lender must enter into negotiations (for a period of not more than thirty days) 30 days with a view to agreeing a substitute an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan and any future Loan.

Appears in 3 contracts

Samples: Agreement, Facility Agreement (Strategic Hotels & Resorts, Inc), Facility Agreement (Strategic Hotels & Resorts, Inc)

Alternative basis of interest or funding. If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest.of

Appears in 2 contracts

Samples: Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (China Security & Surveillance Technology, Inc.)

Alternative basis of interest or funding. 8.3.1 If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 2 contracts

Samples: Facility Agreement (Solar Power, Inc.), Solar Power, Inc.

Alternative basis of interest or funding. 10.2.1 If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 2 contracts

Samples: Facility Agreement (Utah Medical Products Inc), Facility Agreement (Nbty Inc)

Alternative basis of interest or funding. If a Market Disruption Event market disruption event occurs and the Lender or the Borrower Borrowers so requiresrequire, the Lender Borrowers and the Borrower shall Lender must enter into negotiations (for a period of not more than thirty days) 30 days with a view to agreeing a substitute an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan and any future Loan.

Appears in 1 contract

Samples: Agreement (Danaos Corp)

Alternative basis of interest or funding. If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Agreement (Klondex Mines LTD)

AutoNDA by SimpleDocs

Alternative basis of interest or funding. If a Market Disruption Event market disruption event occurs and the Lender or the Borrower Company so requires, the Lender Company and the Borrower shall Lender must enter into negotiations (for a period of not more than thirty days) 30 days with a view to agreeing a substitute an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan.

Appears in 1 contract

Samples: Facility Agreement (Baidu, Inc.)

Alternative basis of interest or funding. 14.6.1 If a Market Disruption Event occurs after an Advance is made and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty 30 days) with a view to agreeing a substitute basis for determining the rate of interestinterest or (as the case may be) an alternative basis for funding.

Appears in 1 contract

Samples: Facility Agreement (SAVVIS, Inc.)

Alternative basis of interest or funding. If a Market Disruption Event occurs and the Lender or the Borrower so requiresrequire, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: B Plus H Ocean Carriers LTD

Alternative basis of interest or funding. If a Market Disruption Event occurs and the Lender or the Borrower so requires, the Lender and the Borrower shall enter into negotiations (for a period of not more than thirty 30 days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Export Credit Agreement (Mobile Telesystems Ojsc)

Time is Money Join Law Insider Premium to draft better contracts faster.