Cost of funds 10 Sample Clauses

Cost of funds 10. 3.1. If this Clause 10.3 applies, the rate of interest on the relevant Loan for the relevant Interest Period shall be the percentage rate per annum which is the sum of: 10.3.1.1. the Margin; and 10.3.1.2. the rate notified to the Agent by that Xxxxxx as soon as practicable and in any event within 5 (five) Business Days of the first day of that Interest Period (or, if earlier, on the date falling 10 (ten) Business Days before the date on which 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 the relevant Lender of funding its participation in that Loan from whatever source it may reasonably select. 10.3.2. If this Clause 10.3 applies and the Agent or the Borrower so requires, the Agent and the Borrower shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest. 10.3.3. Any alternative basis agreed pursuant to Clause 10.3.2 above shall, with the prior consent of all the Lenders and the Borrower, be binding on all Parties. 10.3.4. If this Clause 10.3 applies pursuant to Clause 10.2 (Market disruption) and: 10.3.4.1. a Lender's Funding Rate is less than JIBAR; or

Cost of funds 10