Common use of Alternative rate of interest in absence of agreement Clause in Contracts

Alternative rate of interest in absence of agreement. If an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, then the procedure provided for in paragraph (b) of Clause 5.10 shall be repeated at the end of the interest period set by the Agent pursuant to that Clause.

Alternative rate of interest in absence of agreement. If an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, then the procedure provided for in paragraph Clause 5.10(b) (bNegotiation of alternative rate of interest) of Clause 5.10 shall be repeated at the end of the interest period set by the Agent pursuant to that Clause.

Alternative rate of interest in absence of agreement. If Subject to Clause 27.5 (Replacement of Screen Rate), if an alternative interest rate or alternative basis is not agreed within the Negotiation Period, and the relevant circumstances are continuing at the end of the Negotiation Period, then the procedure provided for in paragraph Clause 5.10(b) (bNegotiation of alternative rate of interest) of Clause 5.10 shall be repeated at the end of the interest period set by the Agent pursuant to that Clause.