Common use of Alternative rate of interest during market disruption Clause in Contracts

Alternative rate of interest during market disruption. For so long as the circumstances falling within Section 11.3 are continuing, the rate of interest on each Lender’s share of that Tranche for the Interest Period shall be the percentage rate per annum which is the aggregate of (i) the higher of (a) the Facility Agent’s prime lending rate and (b) one-half percent (1/2%) above the Federal Funds Effective Rate, (ii) the Margin, and (iii) Mandatory Costs, if any.

Alternative rate of interest during market disruption. For so long as the circumstances falling within Section 11.3 are continuing, the rate of interest on each Lender’s share of that Tranche the Loan for the Interest Period shall be the percentage rate per annum which is the aggregate of (i) the higher of (a) rate notified to the Facility Agent’s prime lending Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select, and (b) one-half percent (1/2%) above the Federal Funds Effective Rate, (ii) the Margin, and (iii) Mandatory Costs, if any.

Alternative rate of interest during market disruption. For so long as the circumstances falling within Section 11.3 are continuing, the rate of interest on each Lender’s share of that Tranche the Loan for the Interest Period shall be the percentage rate per annum which is the aggregate of (i) the higher of (a) rate notified to the Facility Agent’s prime lending Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate and (b) one-half percent (1/2%) above per annum the Federal Funds Effective Ratecost to that Lender of funding its participation in the Loan from whatever source it may reasonably select, (ii) the Margin, and (iii) Mandatory Costs, if any.

Alternative rate of interest during market disruption. For so long as the circumstances falling within Section 11.3 are continuing, the rate of interest on each Lender’s share of that Tranche the applicable Advance for the Interest Period shall be the percentage rate per annum which is the aggregate of (i) the higher of (a) rate notified to the Facility Agent’s prime lending Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate and (b) one-half percent (1/2%) above per annum the Federal Funds Effective Ratecost to that Lender of funding its participation in the Facility from whatever source it may reasonably select, (ii) the Margin, and (iii) Mandatory Costs, if any.

Alternative rate of interest during market disruption. For so long as the circumstances falling within Section 11.3 12.3 are continuing, the rate of interest on each Lender’s 's share of that Tranche the Loan for the Interest Period shall be the percentage rate per annum which is the aggregate of (i) the higher of (a) rate notified to the Facility Agent’s prime lending rate and (b) one-half percent (1/2%) above Agent by such Lender, which expresses the Federal Funds Effective Ratecost to that Lender of funding its participation in the Loan from whatever source it may reasonably select, (ii) the Margin, and (iii) Mandatory Costs, if any.