Common use of Alternative basis of interest or funding Clause in Contracts

Alternative basis of interest or funding. 7.7.1 If a Market Disruption Event occurs and the Facility Agent or the Parent so requires, the Facility Agent and the Parent shall enter into negotiations (for a period of not more than 30 (thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 3 contracts

Samples: Credit Facility Agreement (Sibanye Gold LTD), Facility Agreement (Sibanye Gold LTD), Credit Facility Agreement (Gold Fields LTD)

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Alternative basis of interest or funding. 7.7.1 10.3.1 If a Market Disruption Event occurs and the Facility Agent or the Parent Borrower so requires, the Facility Agent and the Parent Borrower shall enter into negotiations (for a period of not more than 30 thirty (thirty 30) days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Agreement (Genesis Lease LTD)

Alternative basis of interest or funding. 7.7.1 12.3.1 If a Market Disruption Event occurs and the Facility Agent or the Parent so requires, the Facility Agent and the Parent Obligors’ Agent shall enter into negotiations (for a period of not more than 30 (thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Alternative basis of interest or funding. 7.7.1 14.7.1 If a Market Disruption Event occurs and the Facility Agent or the Parent so requires, the Facility Agent and the Parent shall enter into negotiations (for a period of not more than 30 (thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (WPP PLC)

Alternative basis of interest or funding. 7.7.1 (a) If a Market Disruption Event market disruption event occurs and the Facility Agent or the Parent so requires, the Parent and the Facility Agent and the Parent shall must enter into negotiations (in good faith for a period of not more than 30 thirty (thirty days30) days with a view to agreeing a substitute an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan and any future Loan.

Appears in 1 contract

Samples: Agreement (Smith & Nephew PLC)

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Alternative basis of interest or funding. 7.7.1 (a) If a Market Disruption Event market disruption event occurs and the Facility Agent or the Parent so requires, the Parent and the Facility Agent and the Parent shall must enter into negotiations (for a period of not more than 30 (thirty days) days with a view to agreeing a substitute an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan.

Appears in 1 contract

Samples: Facilities Agreement (Eros International PLC)

Alternative basis of interest or funding. 7.7.1 7.6.1 If a Market Disruption Event occurs and the Facility Agent or the Parent so requires, the Facility Agent and the Parent shall enter into negotiations (for a period of not more than 30 (thirty days) with a view to agreeing a substitute basis for determining the rate of interest.

Appears in 1 contract

Samples: Credit Facility Agreement (Gold Fields LTD)

Alternative basis of interest or funding. 7.7.1 (a) If a Market Disruption Event market disruption event occurs and the Facility Agent or the Parent so requiresrequire, the Parent and the Facility Agent and the Parent shall must enter into negotiations (for a period of not more than 30 (thirty days) days with a view to agreeing a substitute to an alternative basis for determining the rate of interestinterest and/or funding for the affected Loan and any future Loan.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

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