Common use of Future Borrowings Clause in Contracts

Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall, and shall procure each relevant party to such future borrowing to, only agree to and enter into any subordination arrangements contained in or contemplated by or entered into in respect of such future borrowing which are on the same basis and subject to the same terms and conditions as those contained in or contemplated by or entered into in respect of the relevant Finance Documents.

Appears in 2 contracts

Sources: Facility Agreement (PCCW LTD), Facility Agreement (PCCW LTD)