Common use of Alternative Rate Clause in Contracts

Alternative Rate. If Clause 15.1 (Market Disruption) applies and the Facility Agent or the Company so requires, the Facility Agent and the Company shall enter into negotiations with a view to agreeing an alternative basis: (a) for determining the rate of interest from time to time applicable to such Advances; and/or (b) upon which such Advances may be maintained (whether in Sterling or some other currency) thereafter,

Appears in 4 contracts

Sources: Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)