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Common use of Alternative basis of interest or funding Clause in Contracts

Alternative basis of interest or funding. (A) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than 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 Kosmos, be binding on all Parties.

Appears in 3 contracts

Samples: Facility Agreement (Kosmos Energy Ltd.), Deed of Amendment and Restatement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

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Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (Aa) above shall, with the prior consent of all the Lenders and Kosmosthe Borrower, be binding on all Parties.

Appears in 2 contracts

Samples: Senior Term Facility Agreement (SemGroup Corp), Facility Agreement (PT Indosat TBK)

Alternative basis of interest or funding. (A) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than 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 Kosmosthe Borrower, be binding on all Parties.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.)

Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (Aa) above shall, with the prior consent of all the Majority Lenders and Kosmosthe Borrower, be binding on all Parties.

Appears in 2 contracts

Samples: Credit Agreement (France Telecom /), Credit Agreement (France Telecom /)

Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the relevant Borrower so requires, the Facility Agent and the relevant Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (Aa) above shall, with the prior consent of all the Lenders and Kosmosthe relevant Borrower, be binding on all Parties.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Equinix Inc), Facility Agreement (Equinix Inc)

Alternative basis of interest or funding. (A) If a Market Disruption Event occurs and the relevant Facility Agent or the Borrower so requires, the relevant Facility Agent and the Borrower shall enter into negotiations (for a period of not more than 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 Kosmos, be binding on all Parties.

Appears in 1 contract

Samples: Common Terms Agreement (Kosmos Energy Ltd.)

Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the a Borrower so requires, the Facility Agent and the that Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interestinterest payable by that Borrower. (Bb) Any alternative basis agreed pursuant to paragraph (Aa) above shall, with the prior consent of all the Lenders and Kosmosthe relevant Borrower, be binding on all Parties.

Appears in 1 contract

Samples: Mezzanine Facility Agreement (Concordia Bus Nordic AB)

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Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than thirty 30 days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (Aa) above shall, with the prior consent of all the Lenders and Kosmosthe Borrower, be binding on all Parties.

Appears in 1 contract

Samples: Term Facility Agreement (Coeur D Alene Mines Corp)

Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (AClause 11.3(a) above shall, with the prior consent of all the Facility Lenders and Kosmosthe Borrower, be binding on all Parties.

Appears in 1 contract

Samples: Facility Agreement (Gold Fields LTD)

Alternative basis of interest or funding. (Aa) If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Facility Agent and the Borrower shall enter into negotiations (for a period of not more than thirty 30 days) with a view to agreeing a substitute basis for determining the rate of interest. (Bb) Any alternative basis agreed pursuant to paragraph (Aclause 10.3(a) above shall, with the prior consent of all the Lenders and Kosmosthe Borrower, be binding on all Parties.

Appears in 1 contract

Samples: Term Facility Agreement (Coeur D Alene Mines Corp)

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