Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 16 contracts
Samples: Supplemental Agreement (Enodis PLC), Agreement (PPL Corp), Agreement (Preem Holdings Ab Publ)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Owner so requiresrequire, the Company Owner and the Facility Agent must enter into negotiations for a period of not more than 30 20 days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding for the affected Loan and any relevant future Loan.
Appears in 6 contracts
Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requiresrequire, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 thirty (30) days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 5 contracts
Samples: Agreement (Seaspan CORP), Agreement (Seaspan CORP), Agreement (Seaspan CORP)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or or funding for the affected Loan and any future Loan.
Appears in 5 contracts
Samples: Credit Facility Agreement (MGM Resorts International), Credit Facility Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Agent (acting on the instructions of all the Lenders) or the Company so requires, the Company Facility Agent and the Facility Agent must Company shall enter into negotiations (for a period of not more than 30 days thirty (30) days) with a view to agreeing an alternative a substitute basis for determining the rate of interest and/or funding for the affected Loan and any future Loaninterest.
Appears in 4 contracts
Samples: And Restatement Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.)
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Agent or the Company Borrower so requires, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan. The Facility Agent shall inform the Lenders within such thirty (30) day period of any proposal for an alternative basis, to the extent practicable.
Appears in 3 contracts
Samples: Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations in good faith for a period of not more than 30 thirty (30) days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 3 contracts
Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Facilities Agent or the Company so requires, the Company Facilities Agent and the Facility Agent Company must enter into negotiations for a period of not more than 30 thirty days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 2 contracts
Samples: Agreement (Carnival PLC), Facilities Agreement (Carnival PLC)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Security Agent or the Company Borrower so requires, the Company Borrower and the Facility Security Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Strategic Hotels & Resorts, Inc), Agreement (Strategic Hotels & Resorts, Inc)
Alternative basis of interest or funding. (a) 17.3.1 If a market disruption event Market Disruption Event occurs and the Facility Agent or the Company so requires, the Company Facility Agent and the Facility Agent must Company shall enter into negotiations (for a period of not more than 30 days thirty days) with a view to agreeing an alternative a substitute basis for determining the rate of interest and/or funding for the affected Loan and any future Loaninterest.
Appears in 2 contracts
Samples: Facilities Agreement (Shire PLC), Agreement (Shuttle Corp)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requiresrequire, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 thirty (30) days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 2 contracts
Samples: Agreement (Quintana Maritime LTD), Agreement (Quintana Maritime LTD)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Original Borrower so requires, the Company Original Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (Aramark Corp/De)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requires, the Company Borrower and the Facility Agent must shall enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Credit Agreement (Adecco Sa)
Alternative basis of interest or funding. (a) 11.3.1 If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: PPL Energy Supply LLC
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loanwhich alternative basis may (without limitation) include alternative interest periods or alternative rates of interest but shall include a margin above the cost of funds to the Finance Parties equivalent to the applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Merix Corp)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan, which alternative basis shall be applicable for so long as the market disruption event persists.
Appears in 1 contract
Samples: Bridge Facilities Agreement (Bayer Aktiengesellschaft)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requires, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (PPL Corp)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 thirty (30) days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (Oratec Interventions Inc)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view TETONS — CREDIT AGREEMENT 36 to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Owner so requiresrequire, the Company Owner and the Facility Agent must enter into negotiations for a period of not more than 30 20 days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding finding for the affected Loan and any relevant future Loan.
Appears in 1 contract
Samples: Agreement (Ocean Rig UDW Inc.)
Alternative basis of interest or funding. (a) 13.3.1 If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Facilities Agreement (Royal Ahold)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Obligors' Agent so requires, the Company Obligors' Agent and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan Utilisation and any future LoanUtilisation.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Agent or the Company so requiresrequire, the Company and the Facility Agent must and the Company shall enter into negotiations (for a period of not more than 30 days days) with a view to agreeing an alternative a substitute basis for determining the rate of interest. During the period of negotiation, the rate of interest and/or funding for the affected Loan and any future Loanshall be calculated in accordance with clause 14.5(a).
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requires, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Owner so requiresrequire, the Company Owner and the Facility Agent must enter into negotiations for a period of not more than 30 20 days with a view to agreeing to an alternative basis for determining the rate of interest and/or and or funding for the affected Loan and any relevant future Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations in good faith for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (Smith & Nephew PLC)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requires, requires the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (Centex Corp)
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Agent or the Company so requires, the Company Facility Agent and the Facility Agent must Company shall enter into negotiations (for a period of not more than 30 days days) with a view to agreeing an alternative a substitute basis for determining the rate of interest and/or funding for the affected Loan and any future Loaninterest.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company so requires, the Company and the Facility Agent must enter into negotiations for a period of not more than 30 days with a view to agreeing an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Facility Agreement (EnerSys)
Alternative basis of interest or funding. (a) If a market disruption event Market Disruption Event occurs and the Facility Agent or the Company so requires, the Company Facility Agent and the Facility Agent must Company shall enter into negotiations (for a period of not more than 30 days thirty days) with a view to agreeing an alternative a substitute basis for determining the rate of interest and/or funding for in respect of the affected Loan and any future relevant Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requiresrequire, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 thirty days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrower so requiresrequire, the Company Borrower and the Facility Agent must enter into negotiations for a period of not more than 30 thirty (30) days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Credit Agreement (Seaspan CORP)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Borrowers so requiresrequire, the Company Borrowers and the Facility Agent must enter into negotiations for a period of not more than 30 thirty (30) days with a view to agreeing to an alternative basis for determining the rate of interest and/or funding for the affected Loan and any future Loan.
Appears in 1 contract
Samples: Agreement (Seaspan CORP)