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.
Appears in 29 contracts
Samples: Facility Agreement (Aquaventure Holdings LLC), Agreement (United States Steel Corp), Facility Agreement (TTM Technologies Inc)
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 (30) days) with a view to agreeing an alternative a substitute basis for determining the rate of interest and/or funding for the affected Loaninterest. If no agreement is reached, Clause 12.2 (Market Disruption) shall continue to apply.
Appears in 2 contracts
Samples: Agreement (SGL Carbon Aktiengesellschaft), Agreement (SGL Carbon Aktiengesellschaft)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the Facility Agent or the Company Parent so requires, the Company Parent 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 Representative Borrower so requiresrequire, the Company Representative 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: Agreement (Global Ship Lease, Inc.)
Alternative basis of interest or funding. (a) If a market disruption event occurs and the a Facility Agent or the Company so requires, the Company and the that 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.
Appears in 1 contract
Samples: Agreement (UTi WORLDWIDE INC)