Market Disruption in respect of a Funded Loan Portion. (a) In the event that the Borrower has elected to pay interest on the Loan at the Floating Rate then the provisions of paragraph (b) below shall apply in respect of any Funded Loan Portion.
Appears in 4 contracts
Samples: Facility Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD)
Market Disruption in respect of a Funded Loan Portion. (a) In the event that the Borrower has elected to pay interest on the Loan at the Floating Rate then the The provisions of paragraph (b) below shall apply in respect of any Funded Loan PortionPortion (including in respect of any drawn portion of the Deferred Tranche) to which the Floating Rate applies.
Appears in 2 contracts
Samples: Subordination Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD)
Market Disruption in respect of a Funded Loan Portion. (a) In the event that the Borrower has elected to pay interest on the Loan at the Floating Rate then the The provisions of paragraph (b) below shall apply in respect of any Funded Loan PortionPortion (including in respect of any drawn portion of the Deferred Tranches) to which the Floating Rate applies.
Appears in 1 contract
