Common use of MARGIN CHANGES Clause in Contracts

MARGIN CHANGES. Any reduction or increase to the Margin provided for by Clause 4.3 (Margin Ratchet) shall take effect in relation to all existing Revolving Advances and future Revolving Advances, in each case with effect from the date the Agent receives the Parent's Compliance Certificate in accordance with Clause 17.4 (Compliance Certificates) for -53- 57 its most recent Financial Quarter. Any change in the Margin applicable to an existing Revolving Advance shall only relate to the remainder of the current Term of such a Revolving Advance.

Appears in 2 contracts

Sources: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)