Common use of Adjustment of Facility B Advances Clause in Contracts

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent's Spot Rate of Exchange three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Facility B Advance for the next Interest Period is less than for the preceding Interest Period, UPC Distribution shall repay the difference; or (ii) if the amount of the Facility B Advance for the next Interest Period is greater, each Lender shall forthwith make available to the Facility Agent for UPC Distribution its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against euros of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 6, "Original Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent's ’s Spot Rate of Exchange three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Facility B Advance for the next Interest Period is less than for the preceding Interest Period, UPC Distribution shall repay the difference; or (ii) if the amount of the Facility B Advance for the next Interest Period is greater, each Lender shall forthwith make available to the Facility Agent for UPC Distribution its participation in the difference. (c) If the Agent's ’s Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against euros of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 6, "Original Exchange Rate" Rate means the Agent's ’s Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following: (i) the first Interest Period of the relevant Advance; and (ii) the most recent Interest Period immediately prior to which a difference was required to be paid under this Clause 6.4.

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent's ’s Spot Rate of Exchange three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Facility B Advance for the next Interest Period is less than for the preceding Interest Period, UPC Distribution shall repay the difference; or (ii) if the amount of the Facility B Advance for the next Interest Period is greater, each Lender shall forthwith make available to the Facility Agent for UPC Distribution its participation in the difference. (c) If the Agent's ’s Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against euros of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 6, "Original Exchange Rate" Rate means the Agent's ’s Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following: (i) the first Interest Period of the relevant Advance; and (ii) the most recent Interest Period immediately prior to which a difference was required to be paid under this Clause 12.4.

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent's ’s Spot Rate of Exchange three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Facility B Advance for the next Interest Period is less than for the preceding Interest Period, UPC Distribution Broadband shall repay the difference; or (ii) if the amount of the Facility B Advance for the next Interest Period is greater, each Lender shall forthwith make available to the Facility Agent for UPC Distribution Broadband its participation in the difference. (c) If the Agent's ’s Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against euros of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 6, "Original Exchange Rate" Rate means the Agent's ’s Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following: (i) the first Interest Period of the relevant Advance; and (ii) the most recent Interest Period immediately prior to which a difference was required to be paid under this Clause 6.4.

Adjustment of Facility B Advances. (a) For each Facility B Advance in an Optional Currency, there shall be calculated the difference between the amount of the relevant Advance (in that Optional Currency) for the current Interest Period and for the next Interest Period. The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent's Spot Rate of Exchange three Business Days before the commencement of that Interest Period. (b) At the end of the current Interest Period (but subject always to paragraph (c) below): (i) if the amount of the Facility B Advance for the next Interest Period is less than for the preceding Interest Period, UPC Distribution Broadband shall repay the difference; or (ii) if the amount of the Facility B Advance for the next Interest Period is greater, each Lender shall forthwith make available to the Facility Agent for UPC Distribution Broadband its participation in the difference. (c) If the Agent's Spot Rate of Exchange for the next Interest Period shows an appreciation or depreciation of the Optional Currency against euros of less than five per cent. when compared with the Original Exchange Rate, no amounts are payable in respect of the difference. In this Clause 6, "Original Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following:compared