Common use of Negotiation of alternative rate of interest Clause in Contracts

Negotiation of alternative rate of interest. If the Agent’s notice under Clause 6.6 (6.6 Notification of market disruption) is served after the Loan is made, the Borrower, the Agent and the Lenders or (as the case may be) the Affected Lender shall use reasonable endeavours to agree, in consultation with SACE, within the 30 days after the date on which the Agent serves its notice under Clause 6.6 (6.6 Notification of market disruption) (the “Negotiation Period”), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Negotiation of alternative rate of interest. (a) If the Agent’s notice under Clause 6.6 5.8 (6.6 Notification of market disruptiondisruption ) is served after the Loan an Advance is madeborrowed then, subject to Clause 27.4 (Service outside business hours), the BorrowerBorrowers, the Agent and Agent, the Lenders or (as the case may be) the Affected Lender shall use reasonable endeavours to agree, in consultation with SACE, within the 30 days after the date on which the Agent serves its notice under Clause 6.6 5.8 (6.6 Notification of market disruption) (the “Negotiation Period”), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Negotiation of alternative rate of interest. If the Agent’s 's notice under Clause 6.6 (6.6 Notification of market disruption) is served after the Loan is made, the Borrower, the Agent and the Lenders or (as the case may be) the Affected Lender shall use reasonable endeavours to agree, in consultation with SACE, within the 30 days after the date on which the Agent serves its notice under Clause 6.6 (6.6 Notification of market disruption) (the “"Negotiation Period”"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Negotiation of alternative rate of interest. If the Agent’s notice under Clause 6.6 5.8 (6.6 Notification of market disruption) is served after the Loan is an Advance has been made, the BorrowerBorrowers, the Agent and the Lenders or (as the case may be) the Affected Lender shall use reasonable endeavours to agree, in consultation with SACE, within the 30 15 days after the date on which the Agent serves its notice under Clause 6.6 5.8 (6.6 Notification of market disruption) (the “Negotiation Period”), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the relevant Interest Period concerned.

Negotiation of alternative rate of interest. (a) If the Agent’s notice under Clause 6.6 5.8 (6.6 Notification of market disruption) is served after the Loan an Advance is madeborrowed, the Borrower, the Agent and Agent, the Lenders (subject to Clause 27.5 (Replacement of Screen Rate)) or (as the case may be) the Affected Lender shall use reasonable endeavours to agree, in consultation with SACE, within the 30 days after the date on which the Agent serves its notice under Clause 6.6 5.8 (6.6 Notification of market disruption) disruption )(the “Negotiation Period”), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.