Common use of Alternative rate of interest in absence of agreement Clause in Contracts

Alternative rate of interest in absence of agreement. If an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, the Agent shall set an interest period, with the agreement of each Lender, and interest rate (which shall be determined in accordance with Clause 5.9(a)); and the procedure provided for by this Clause 5.11 shall be repeated if the relevant circumstances are continuing at the end of the interest period so set by the Agent.

Alternative rate of interest in absence of agreement. If an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, the Agent shall set an interest period, with the agreement of each Lender, and interest rate (which shall be determined in accordance with Clause 5.9(a)); and then the procedure provided for by this in paragraph (b) of Clause 5.11 5.10 shall be repeated if the relevant circumstances are continuing at the end of the interest period so set by the AgentAgent pursuant to that Clause.

Alternative rate of interest in absence of agreement. If Subject to Clause 27.5 (Replacement of Screen Rate), if an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, the Agent shall set an interest period, with the agreement of each Lender, and interest rate (which shall be determined in accordance with Clause 5.9(a)); and then the procedure provided for by this in Clause 5.11 5.10(b) (Negotiation of alternative rate of interest) shall be repeated if the relevant circumstances are continuing at the end of the interest period so set by the AgentAgent pursuant to that Clause.

Alternative rate of interest in absence of agreement. If an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, the Agent shall set an interest period, with the agreement of each Lender, and interest rate (which shall be determined in accordance with Clause 5.9(a)); and then the procedure provided for by this in Clause 5.11 5.10(b) (Negotiation of alternative rate of interest) shall be repeated if the relevant circumstances are continuing at the end of the interest period so set by the AgentAgent pursuant to that Clause.