Alternative basis of interest or funding. (a) If a Market Disruption Event occurs and the Agent or the Parent so requires, the Agent and the Parent shall enter into negotiations (for a period of not more than 30 days) with a view to agreeing a substitute basis for determining the rate of interest. (b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders and the Parent, be binding on all Parties.
Appears in 3 contracts
Samples: Super Senior Revolving Facility Agreement (Orion Engineered Carbons S.a r.l.), Facility Agreement (Rockwood Holdings, Inc.), Term and Revolving Facilities Agreement (International Textile Group Inc)
Alternative basis of interest or funding. (a) If a Market Disruption Event occurs and the Agent or the Parent Guarantor so requires, the Agent and the Parent Guarantor shall enter into negotiations (for a period of not more than 30 days) with a view to agreeing a substitute basis for determining the rate of interest.
(b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders Holders and the ParentParent Guarantor, be binding on all Partiesparties to this Facility Agreement.
Appears in 3 contracts
Samples: Senior Secured Facility Agreement (TPG Advisors IV, Inc.), Senior Unsecured Facility Agreement (TPG Advisors IV, Inc.), Pik Facility Agreement (TPG Advisors IV, Inc.)
Alternative basis of interest or funding. (a) If a Market Disruption Event occurs and the Agent or the Parent so requires, the 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.
(b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders Banks and the Parent, be binding on all Parties.
Appears in 1 contract
Samples: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.)
Alternative basis of interest or funding. (a) If a Market Disruption Event occurs and the Agent or the Parent Guarantor so requires, the Agent and the Parent Guarantor 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.
(b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders and the ParentGuarantor, be binding on all Parties.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a Market Disruption Event occurs and the Agent or the Parent so requires, the Agent and the Parent shall enter into negotiations (for a period of not more than 30 days) with a view to agreeing a substitute basis for determining the rate of interest.
(b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders Purchasers and the Parent, be binding on all Parties.
Appears in 1 contract
Samples: Senior Subscription Agreement (TPG Advisors IV, Inc.)
