Common use of Alternative Rates Clause in Contracts

Alternative Rates. If the Agent gives a notice under Clause 12.1 (Market disturbance): (a) the Company and the Banks may (through the Agent) agree that in the case of a Loan which has not been borrowed, that Loan shall not be borrowed; or (b) in the absence of agreement, a Loan (if it has not been borrowed) shall still be made: and (i) the Term of the Loans concerned shall be one month; and (ii) during the Term of each Loan the rate of interest applicable to that Loan shall be the applicable Margin plus the Mandatory Cost plus the rate per annum which is expressed as a percentage rate per annum of the cost to the Bank concerned of funding that Loan from whatever sources it may reasonably select, which rate shall be notified by the Bank concerned to the Agent before that last date of such Term.

Alternative Rates. If the Agent gives a notice under Clause 12.1 (Market disturbance): (a) the Company and the Banks may (through the Agent) agree that in the case of a Loan which has not been borrowed, that Loan shall not be borrowed; or (b) in the absence of agreement, a Loan (if it has not been borrowed) shall still be made: and: (i) the Term of the Loans concerned shall be one month; and (ii) during the Term of each Loan the rate of interest applicable to that Loan shall be the applicable Margin plus the Mandatory Cost plus the rate per annum which is expressed as a percentage rate per annum of the cost to the Bank concerned of funding that Loan from whatever sources it may reasonably select, which rate shall be notified by the Bank concerned to the Agent before that last date of such Term.

Alternative Rates. If the Agent gives a notice under Clause 12.1 17.1 (Market disturbance): (a) the Company and the Banks may (through the Agent) agree that in the case of a Loan which has not been borrowed, that Loan shall not be borrowed; or (b) in the absence of agreement, a Loan (if it has not been borrowed) shall still be made: and (i) the Term of the Loans concerned shall be one month; and (ii) during the Term of each Loan the rate of interest applicable to that Loan shall be the applicable Margin plus the Mandatory Cost plus the rate per annum which is expressed as a percentage rate per annum of the cost to the Bank concerned of funding that Loan from whatever sources it may reasonably select, which rate shall be notified by the Bank concerned to the Agent before that last date of such Term.

Alternative Rates. If the Agent gives a notice under Clause 12.1 (Market disturbance): (a) the Company and the Banks may (through the Agent) agree that in the case of a Loan which has not been borrowed, that Loan shall not be borrowed; or (b) in the absence of agreement, a Loan (if it has not been borrowed) shall still be made: and (i) the Term of the Loans concerned shall be one month; andand 27 -------------------------------------------------------------------------------- (ii) during the Term of each Loan the rate of interest applicable to that Loan shall be the applicable Margin plus the Mandatory Cost plus the rate per annum which is expressed as a percentage rate per annum of the cost to the Bank concerned of funding that Loan from whatever sources it may reasonably select, which rate shall be notified by the Bank concerned to the Agent before that last date of such Term.