Common use of Alternative Bridge Facility Refinancing Clause in Contracts

Alternative Bridge Facility Refinancing. (a) The Company may, at any time after the Second Amendment Effective Date elect by prior written notice to the Facility Agent to refinance the Alternative Bridge Facility (in whole but not in part) from the proceeds of either an Option A Alternative Bridge Facility Refinancing or an Option B Alternative Bridge Facility Refinancing, such notice to specify the proposed date for such refinancing, being a date falling not less than 3 Business Days after the date of the notice. (b) In the event that the Company elects to proceed with an Option B Alternative Bridge Facility Refinancing pursuant to paragraph (a) above, one or more persons intending to become a C Facility Lender for the purposes of this Agreement shall have delivered to the Facility Agent, a C Facility Lender Deed of Accession on or prior to the time on which the Utilisation Request is delivered, whereupon such person shall become a party to this Agreement and shall be entitled to the rights and be subject to the obligations of a C Facility Lender as if it had been an original party hereto in that capacity.

Appears in 7 contracts

Samples: Senior Facilities Agreement (Virgin Media Investment Holdings LTD), Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)

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