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 continue to exist at the end of the Negotiation Period, then the Agent shall set an interest period and interest rate representing the cost of funding of the Banks or (as the case may be) the Affected Bank in Dollars or in any available currency of their respective Participations plus the Applicable Margin; and the procedure provided for by this Clause 16 shall be repeated if the relevant circumstances continue to exist 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 continue to exist are continuing at the end of the Negotiation Period, then the Agent shall set an interest period and interest rate representing the cost of funding of the Banks Lenders or (as the case may be) the Affected Bank Lender in Dollars or in any available currency of their respective Participations or its Ratable Portion of the Advance plus the Applicable Margin; Margin and the procedure provided for by this Clause 16 4.9 shall be repeated if the relevant circumstances continue to exist 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 continue to exist are continuing at the end of the Negotiation Period, then the Agent shall shall, with the agreement of each Lender, set an interest period and interest rate representing the cost of funding of the Banks or (as the case may be) the Affected Bank Lenders in Dollars or in any available currency of their respective Participations or its Contribution plus the Applicable Margin; and the procedure provided for by this Clause 16 5.11 shall be repeated if the relevant circumstances continue to exist 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 continue to exist are continuing at the end of the Negotiation Period, then the Agent shall set an interest period and interest rate representing the cost of funding of the Banks Lenders or (as the case may be) the Affected Bank Lender in Dollars or in any available currency of their respective Participations or its Ratable Portion of the relevant Advance or Advances plus the Applicable applicable Margin; and the procedure provided for by this Clause 16 4.9 shall be repeated if the relevant circumstances continue to exist are continuing at the end of the interest period so set by the Agent.