Alternative Basis. (a) Within five (5) days of receipt of a Market Disruption Notice from the Lender, the Borrower shall enter into good faith negotiations with a view to confirming a new applicable rate of interest, and during the negotiation period, the rate of interest on each Loan shall be the relevant rate last applied in accordance with Section 8.1 (Interest Rate).
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Aleris Ohio Management, Inc.), Facility Agreement (Aleris Ohio Management, Inc.)
Alternative Basis. (a) Within five (5) calendar days of receipt of a Market Disruption Notice from the Lender, the Borrower shall enter into good faith negotiations with the Lender with a view to confirming a new applicable rate of interest, and during the negotiation period, the rate of interest on each Loan shall be the relevant rate last applied in accordance with Section 8.1 (Interest Rate).
Appears in 2 contracts
Samples: www.sec.gov, Facility Agreement (Aleris Corp)
Alternative Basis. (a) Within five (5) days of receipt of a Market Disruption Notice from the LenderFacility Agent, the Borrower and the Finance Parties shall enter into good faith negotiations with a view to confirming a new applicable rate of interest, and during the negotiation periodperiod described in paragraph (c) below, the rate of interest on each Loan shall be the relevant rate last applied in accordance with Section Clause 8.1 (Interest Rate).
Appears in 2 contracts
Samples: Agreement (Tiffany & Co), S130333 Facility Agreement (Tiffany & Co)
Alternative Basis. (a) Within five (5) calendar days of receipt of a Market Disruption Notice from the LenderFacility Agent, the Borrower and the Finance Parties shall enter into good faith negotiations with a view to confirming a new applicable rate of interest, and during the negotiation period, the rate of interest on each Loan shall be the relevant rate last applied in accordance with Section 8.1 (Interest Rate).
Appears in 1 contract
