Common use of Alternative Rates Clause in Contracts

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance): (i) the Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for the relevant Advance is U.S. Dollars, euro); and (iii) during the Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance): (i) the Term of the relevant Advance shall be one month;; Back to Index (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for the relevant Advance is U.S. Dollars, euro); and (iii) during the Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Term-out Advance or a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance or a Term-out Advance): (i) the Interest Period or Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for the relevant Advance is U.S. Dollars, euro); and (iii) during the Interest Period or Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Interest Period or Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.. Back to Contents

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance): (i) the Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars euro (or, if the currency requested for the relevant Advance is euro, U.S. Dollars, euro); and (iii) during the Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 12.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance): (i) the Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i12.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for the relevant Advance is U.S. Dollars, euro); and (iii) during the Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 12.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance): (i) the Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i12.1(b)(i) (Market disturbance), in U.S. Dollars euro (or, if the currency requested for the relevant Advance is euro, U.S. Dollars, euro); and (iii) during the Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone the Borrowers' Agent and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance Banks may (through the Agent) agree that (except in the case of a Rollover Advance) that Advance Advances concerned shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance):agreement: (i) the Term of the relevant Advance Advances concerned shall be one month; (ii) in the case of Clause 11.1(b) (Market disturbance) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for Advance was to be made in Sterling, Sterling in an amount equal to the relevant Original Dollar Amount of the Advance is U.S. Dollars, euro)concerned; and (iii) during the Term of the relevant each Advance the rate of interest applicable to such Advance shall be the applicable Margin plus the applicable Reserve Asset Costs Mandatory Cost (and any other similar reserve asset cost, if any) plus the rate per annum notified by each Lender Bank concerned to the Agent before the last day of such Term to be that which expresses as a percentage rate per annum the cost to such Lender Bank of funding its participation in such Advance Advances from whatever sources it may reasonably select.

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance may (through the Agent) agree that (except in the case of a Term-out Advance or a Rollover Advance) that Advance shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover Advance or a Term-out Advance): (i) the Interest Period or Term of the relevant Advance shall be one month; (ii) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if the currency requested for the relevant Advance is U.S. Dollars, euro); and (iii) during the Interest Period or Term of the relevant Advance the rate of interest applicable to such Advance shall be the Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender concerned to the Agent before the last day of such Interest Period or Term to be that which expresses as a percentage rate per annum the cost to such Lender of funding its participation in such Advance from whatever sources it may reasonably select.. Back to Index

Alternative Rates. If the Agent gives a notice under Clause 11.1 (Market disturbance): (a) Vodafone the Borrowers' Agent and the Lenders whose participations in the relevant Advance would represent 50 per cent. or more of that Advance Banks may (through the Agent) agree that (except in the case of a Rollover Tranche A Advance (except the Term-out Advance) that or a Tranche B Advance) the Advance concerned shall not be borrowed; or (b) in the absence of such agreement by the Drawdown Date specified in the relevant Request (and in any event in the case of a Rollover AdvanceTranche C Advances and Term-out Advances): (i) the Interest Period or Term of the relevant Advance concerned shall be one month; (ii) in the case of Clause 11.1(b) (Market disturbance) the Advance shall be made in the currency requested or, in the case of Clause 11.1(b)(i) (Market disturbance), in U.S. Dollars (or, if in an amount equal to the currency requested for Original Dollar Amount of the relevant Advance is U.S. Dollars, euro)concerned; and (iii) during the Interest Period or Term of the relevant each Advance the rate of interest applicable to such Advance shall be the applicable Margin plus applicable Reserve Asset Costs plus the rate per annum notified by each Lender Bank concerned to the Agent before the last day of such Interest Period or Term to be that which expresses as a percentage rate per annum the cost to such Lender Bank of funding its participation in such the relevant Advance from whatever sources it may reasonably select.