Relevant Subject definition
Examples of Relevant Subject in a sentence
If notice of a Market Disruption is given by the Administrative Agent to the Borrower, the Administrative Agent and the Borrower shall enter into negotiations for a period of not more than thirty (30) days commencing on the date the Borrower is so notified with a view to agreeing to an alternative basis for determining the Relevant Subject Rate applicable to the Pro Rata Share of each Affected Lender in each relevant Loan.
If no such alternative basis is agreed to within such period, the Relevant Subject Rate to each relevant Loan shall be the rate per annum which is determined and notified to the Borrowers by the Administrative Agent to be the cost to each Affected Lender (as notified by each Lender to the Administrative Agent) of continuing to fund such Loan (the rate determined pursuant to the preceding two sentences, the “Alternate Funding Rate”).
For the purposes of this Contract, "Standstill" means a situation of disagreement, expressed in preliminary consultations or, in the absence thereof, in the Extraordinary Shareholders' Meeting of Olimpia or in the Board of Directors of Olimpia, among the Current Olimpia Shareholders, on the one hand, and Hopa, on the other hand, on a Relevant Subject, at any time during the Term of the Agreements.
If notice of a Market Disruption is given by the Administrative Agent to the Borrowers, the Administrative Agent and the Borrowers shall enter into negotiations for a period of not more than thirty (30) days commencing on the date the Borrowers are so notified with a view to agreeing to an alternative basis for determining the Relevant Subject Rate applicable to the Pro Rata Share of each Affected Lender in each relevant Loan.
For the purposes of this Contract, "Standstill" means a situation of disagreement, expressed in preliminary consultations or, in the absence thereof, in the Extraordinary Shareholders' Meeting of Olimpia or in the Board of Directors of Olimpia, among the Current Olimpia Shareholders, on the one hand, and Hopa, on the other hand, on a Relevant Subject, at any time during the Shareholders Agreements Term.
If no such alternative basis is agreed to within such period, the Relevant Subject Rate to each relevant Loan shall be the rate per annum which is determined and notified to the Borrower by the Administrative Agent to be the cost to each Affected Lender (as notified by each Lender to the Administrative Agent) of continuing to fund such Loan (the rate determined pursuant to the preceding two sentences, the “Alternate Funding Rate”).
For the purposes of this Contract, “Standstill” means a situation of disagreement, expressed in preliminary consultations or, in the absence thereof, in the Extraordinary Shareholders’ Meeting of Olimpia or in the Board of Directors of Olimpia, among the Current Olimpia Shareholders, on the one hand, and Hopa, on the other hand, on a Relevant Subject, at any time during the Term of the Agreements.