Substitute Interest Period and Interest Rate. (a) If paragraph (a) of Clause 16.1 (Market Disruption) applies (i) to an Advance (other than a Swingline Advance), the duration of the relevant Interest Period or Term shall be 1 month, (ii) to a Swingline Advance, the duration of the relevant Term shall be 5 Business Days or (iii) in each case, if less, such that it shall end on the next succeeding Repayment Date.
Appears in 3 contracts
Samples: Agreement (Buhrmann Nv), Senior Facilities Agreement (Corporate Express N.V.), Senior Facilities Agreement (Moore Labels Inc)