Common use of Replacement of Screen Rate Clause in Contracts

Replacement of Screen Rate. Subject to paragraph (b) of Clause 34.2 (Exceptions), any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of that screen rate; and (i) aligning any provision of any Finance Document to the use of that Replacement Benchmark; (ii) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); (iii) implementing market conventions applicable to that Replacement Benchmark; (iv) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or (v) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Majority Lenders and the Company.

Replacement of Screen Rate. (a) Subject to paragraph Clause 35.3 (b) of Clause 34.2 (ExceptionsOther exceptions), any amendment or waiver which relates to: : (ai) providing for the use of a Replacement Benchmark in relation to that currency in place of that screen rateBenchmark; and and (iii) (A) aligning any provision of any Finance Document to the use of that Replacement Benchmark; ; (iiB) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); ; (iiiC) implementing market conventions applicable to that Replacement Benchmark; ; (ivD) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or or (vE) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Lenders Lenders) and the CompanyObligors.

Replacement of Screen Rate. Subject to paragraph Clause 41.4 (b) of Clause 34.2 (ExceptionsOther exceptions), if a Screen Rate Replacement Event has occurred in relation to any Screen Rate, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of that screen rateScreen Rate; and (i) aligning any provision of any Finance Document to the use of that Replacement Benchmark; (ii) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); (iii) implementing market conventions applicable to that Replacement Benchmark; (iv) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or (v) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Lenders Xxxxxxx) and the CompanyBorrowers.

Replacement of Screen Rate. (a) Subject to paragraph (bc) of Clause 34.2 36.2 (Exceptions), if a Screen Rate Replacement Event has occurred, any amendment or waiver which relates to: (ai) providing for the use of a the Replacement Benchmark in relation to that currency in place of that screen rateBenchmark; and (iA) aligning any provision of any Finance Document to the use of that the Replacement Benchmark; (iiB) enabling that the Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); (iiiC) implementing market conventions applicable to that the Replacement Benchmark; (ivD) providing for appropriate fallback (and market disruption) provisions for that the Replacement Benchmark; or (vE) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that the Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Lenders Lenders) and the CompanyBorrower. (b) For the purpose of this Clause 36.7:

Replacement of Screen Rate. Subject to paragraph (ba) of Clause 34.2 37.3 (Exceptions), if a Screen Rate Replacement Event has occurred, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of that screen ratethe Screen Rate; and (i) aligning any provision of any Finance Document to the use of that Replacement Benchmark; (ii) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); (iii) implementing market conventions applicable to that Replacement Benchmark; (iv) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or (v) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Lenders Lenders) and the CompanyBorrower.