MFN Condition definition
MFN Condition has the meaning assigned to such term in Section 2.08(d)(i)(H).
MFN Condition. The Yield in respect of any Additional Facility that constitutes a term loan facility established within 12 Months of the Closing Date and subsisting in reliance on paragraph (I)(i) of the Additional Facility Amount Condition may not exceed 100 basis points per annum above the Yield applicable in respect of Facility B6 (the “MFN Rate”) unless the Margin on Facility B and CAF 1 is offered to be increased by the amount by which (and/or, at the Company’s 6 For the avoidance of any doubt, an Additional Facility may have the same Margin ratchet as applies to Facility B (including the same Total Net Leverage Ratio levels and the basis point Margin step-down(s) and step-up(s)), but with the relevant Margin percentage rate per annum specified at each level of the Margin ratchet in respect of that Additional Facility set up to the MFN Rate higher than the corresponding levels applicable to the Margin ratchet in respect of Facility B. election, the Company offers to pay fees to the Lenders under Facility B and CAF 1, equated to a per annum rate by dividing such fees by 3, such that), pro forma for the incurrence of that Additional Facility the Yield in respect of that Additional Facility, would exceed the MFN Rate. In respect of any Additional Facility that constitutes a term loan facility subsisting in reliance on paragraphs (I)(i), (I)(ii) and/or (I)(iii) of the Additional Facility Amount Condition, (i) the final stated maturity date applicable to that Additional Facility shall not be earlier than the original Termination Date applicable to Facility B as at the date of the Senior Facilities Agreement (unless the Termination Date applicable to Facility B and CAF 1 is offered to be amended to a date falling on or prior to the final stated maturity date applicable to that Additional Facility) and (ii) that Additional Facility does not require scheduled amortisation prior to the original Termination Date applicable to Facility B as at the date of the Senior Facilities Agreement (unless the amortisation applicable to Facility B and CAF 1 is offered to be amended to a percentage amortisation per annum equal to the percentage per annum rate of amortisation applicable to such Additional Facility, provided always that, in the case of any Additional Facility that constitutes a term loan facility subsisting in reliance on paragraphs (I)(i), (I)(ii) and/or (I)(iii) of the Additional Facility Amount Condition, scheduled amortisation shall be permitted up to 1 per cent. per ann...