Common use of Interest Rate Adjustment Clause in Contracts

Interest Rate Adjustment. The interest rate payable on the Notes will be subject to adjustment from time to time if either Xxxxx’x, S&P (or, in either case, a Substitute Rating Agency) downgrades (or subsequently upgrades) its rating assigned to the Notes, as set forth below. If the rating of the Notes from one or both of Xxxxx’x or S&P (or, if applicable, any Substitute Rating Agency) is decreased to a rating set forth in either of the immediately following tables, the interest rate on the Notes will increase from the Original Interest Rate by an amount equal to the sum of the percentages per annum set forth in the following tables opposite those ratings: Xxxxx’x Rating* Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % S&P Rating* Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % * Including the equivalent ratings of any Substitute Rating Agency For purposes of making adjustments to the interest rate on the Notes, the following rules of interpretation will apply:

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Vmware, Inc.), Vmware, Inc., Vmware, Inc.

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Interest Rate Adjustment. The interest rate payable on the Notes will be subject to adjustment from time to time if either Xxxxx’x, S&P (or, in either case, a Substitute Rating Agency) downgrades (or subsequently upgrades) its rating assigned to the Notes, as set forth below. If the rating of the Notes from one or both of Xxxxx’x Moody’s or S&P (or, if applicable, any Substitute Rating Agency) is decreased to a rating set forth in either of the immediately following tables, the interest rate on the Notes will increase from the Original Interest Rate by an amount equal to the sum of the percentages per annum set forth in the following tables opposite those ratings: Xxxxx’x Rating* Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % S&P Rating* Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % * Including the equivalent ratings of any Substitute Rating Agency For purposes of making adjustments to the interest rate on the Notes, the following rules of interpretation will apply:

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Vmware, Inc.), Vmware, Inc., Vmware, Inc.

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Interest Rate Adjustment. The interest rate payable on the Notes will shall be subject to adjustment from time to time if either Xxxxx’x, Xxxxx’x or S&P (or, in either case, a Substitute Rating Agency) downgrades (or subsequently upgrades) its rating assigned to the Notes, as set forth below. If the rating of the Notes from one or both of Xxxxx’x or S&P (or, if applicable, any Substitute Rating Agency) is decreased to a rating set forth in either of the immediately following tables, the interest rate on the Notes will shall increase from the Original Interest Rate interest rate set forth in paragraph 1 of this Note by an amount equal to the sum of the applicable percentages per annum set forth in the following tables opposite those ratings: Xxxxx’x Rating* Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % S&P Rating* Rating Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % * Including the equivalent ratings of any Substitute Rating Agency For purposes of making adjustments pursuant to this paragraph 5 to the interest rate on the Notes, the following rules of interpretation will shall apply:

Appears in 2 contracts

Samples: Indenture (Expedia Group, Inc.), Indenture (Expedia Group, Inc.)

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