Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with the foregoing provisions and if the Issuer, following consultation with the Independent Adviser, determines in good faith (i) that an Adjustment Spread is required to be applied to the Successor Rate or the Alternative Rate (as the case may be) and (ii) the quantum of, or a formula or methodology for determining, such Adjustment Spread, then such Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).
Appears in 5 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with the foregoing provisions and if Condition 3.4(b), the Issuer, following consultation with the Independent Adviser, determines shall determine, acting in good faith (i) that and in a commercially reasonable manner, an Adjustment Spread is required to (which may be applied to the Successor Rate or the Alternative Rate (expressed as the case may be) and (ii) the quantum of, or a formula or methodology for determiningdetermining the applicable Adjustment Spread (and, such Adjustment Spreadfor the avoidance of doubt, then such may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).
Appears in 4 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Adjustment Spread. If a any Successor Rate or Alternative Rate is determined in accordance with the foregoing provisions and if Condition 6.7(I)(b), then the Issuer, following consultation with the Independent Adviser, determines Adviser and acting in good faith (i) that and in a commercially reasonable manner, shall determine an Adjustment Spread is required to (which may be applied to the Successor Rate or the Alternative Rate (expressed as the case may be) and (ii) the a specific quantum of, or a formula or methodology for determining, such Adjustment SpreadSpread and, then such for the avoidance of doubt, may be positive, negative or zero), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Interest Rate of Interest (or a relevant any component part part(s) thereof) by reference to such Successor Rate or Alternative Rate (as applicable).
Appears in 1 contract
Samples: Agency Agreement
Adjustment Spread. If a any Successor Rate or Alternative Rate is determined in accordance with the foregoing provisions and if Condition 6.7(b), then the Issuer, following consultation with the Independent Adviser, determines Adviser and acting in good faith (i) that and in a commercially reasonable manner, shall determine an Adjustment Spread is required to (which may be applied to the Successor Rate or the Alternative Rate (expressed as the case may be) and (ii) the a specific quantum of, or a formula or methodology for determining, such Adjustment SpreadSpread and, then such for the avoidance of doubt, may be positive, negative or zero), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant any component part part(s) thereof) by reference to such Successor Rate or Alternative Rate (as applicable).
Appears in 1 contract
Samples: Agreement
Adjustment Spread. If a Successor Rate or Alternative Rate is determined in accordance with the foregoing provisions and if Condition 6.7(b), the Issuer, following consultation with the Independent Adviser, determines Adviser and acting in good faith (i) that and in a commercially reasonable manner shall determine an Adjustment Spread is required to which may be applied to the Successor Rate or the Alternative Rate (expressed as the case may be) and (ii) the quantum ofa specified quantum, or a formula or methodology for determining, such Adjustment Spread, then such determining the applicable Adjustment Spread and which Adjustment Spread may be positive, negative or zero and shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate the Rate(s) of Interest (or a the relevant component part component(s) thereof) by reference to such Successor Rate or Alternative Rate (Rate, as applicable).
Appears in 1 contract
Samples: Agency Agreement