Common use of Alternative Rate Clause in Contracts

Alternative Rate. If Clause 15.2 (Market Disruption) applies and the Facility Agent or the Company so requires, the Facility Agent and the Company shall enter into negotiations with a view to agreeing an alternative basis: (a) for determining the rate of interest from time to time applicable to such Advances; and/or (b) upon which such Advances may be maintained (whether in Sterling or some other currency) thereafter, and any such alternative basis that is agreed shall take effect in accordance with its terms and be binding on each party to this Agreement, provided that the Facility Agent may not agree any such alternative basis without the prior consent of each Lender holding Outstandings under each applicable Facility, acting reasonably.

Alternative Rate. If Clause 15.2 15.1 (Market Disruption) applies and the Facility Agent or the Company so requires, the Facility Agent and the Company shall enter into negotiations with a view to agreeing an alternative basis: (a) for determining the rate of interest from time to time applicable to such Advances; and/or (b) upon which such Advances may be maintained (whether in Sterling or some other currency) thereafter, and any such alternative basis that is agreed shall take effect in accordance with its terms and be binding on each party to this Agreement, provided that the Facility Agent may not agree any such alternative basis without the prior consent of each Lender holding Outstandings under each applicable Facility, acting reasonably.

Alternative Rate. If Clause 15.2 14.1 (Market Disruption) applies and the Facility Agent or the Company any Borrower so requires, the Facility Agent and the Company TCN shall enter into negotiations with a view to agreeing an alternative basis: (a) for determining the rate of interest from time to time applicable to such Advances; and/or (b) upon which such Advances may be maintained (whether in Sterling or some other currency) thereafter, and any such alternative basis that is agreed shall take effect in accordance with its terms and be binding on each party to this Agreement, provided that the Facility Agent may not agree any such alternative basis without the prior consent of each Lender holding Outstandings under each applicable Facility, acting reasonably.

Alternative Rate. If Clause 15.2 15.1 (Market Disruption) applies and the Facility Agent or the Company Borrower so requires, the Facility Agent and the Company Borrower shall enter into negotiations with a view to agreeing an alternative basis: (a) for determining the rate of interest from time to time applicable to such Advances; and/or (b) upon which such Advances may be maintained (whether in Sterling or some other currency) thereafter, and any such alternative basis that is agreed shall take effect in accordance with its terms and be binding on each party to this Agreement, provided that the Facility Agent may not agree any such alternative basis without the prior consent of each Lender holding Outstandings under each applicable FacilityLender, acting reasonably.