Common use of Margin Adjustment Clause in Contracts

Margin Adjustment. (a) Subject to the terms of this Clause 10.5, the Margin shall be the rate specified in relation to the Facility in Clause 1.1 (Definitions). (b) Following the date falling 6 Months after the date of this Agreement, the Margin applicable to the Facility will be adjusted in accordance with paragraphs (c), (d), (e), (f) and (g) below to the percentage rate per annum specified in Column 1 as set out below opposite the long term credit rating assigned to the Parent by Xxxxx'x Investors' Services, Inc. ("Moody's") and Standard & Poor's Corporation ("S&P") specified in Column 2 below (or in the case of a split rating where Clause 10.5(c) below applies):

Margin Adjustment. (a) Subject to the terms of this Clause 10.5, the Margin shall be the rate specified in relation to the Facility in Clause 1.1 (Definitions). (b) Following the date falling 6 Months after the date of this Agreement, the Margin applicable to the Facility will be adjusted in accordance with paragraphs (c), (d), (e), (f) and (g) below to the percentage rate per annum specified in Column 1 as set out below opposite the long term credit rating assigned to the Parent by Xxxxx'x Xxxxx’x Investors' ’ Services, Inc. ("“Moody's"’s”) and Standard & Poor's ’s Corporation ("“S&P"”) specified in Column 2 below (or in the case of a split rating where Clause 10.5(c) below applies): Column 1 Margin (%) Column 2 Credit Rating (Moody’s/S&P)