Common use of Substitute Interest Period or Term and Interest Rate Clause in Contracts

Substitute Interest Period or Term and Interest Rate. (a) If paragraph (a) of Clause 15.1 (Market Disruption) applies, the duration of the relevant Interest Period or Term shall be 1 month or, if less, such that it shall end on the Termination Date in respect of the Revolving Facility (in the case of a Rollover Advance) or the next succeeding Repayment Date (in the case of a Term Facility Advance).

Appears in 8 contracts

Samples: Lease Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Investment Holdings LTD), Lease Agreement (Virgin Media Investment Holdings LTD)

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Substitute Interest Period or Term and Interest Rate. (a) If paragraph (a) of Clause 15.1 14.1 (Market Disruption) applies, the duration of the relevant Interest Period or Term shall be 1 month or, if less, such that it shall end on the Termination Date in respect of the Revolving Facility (in the case of a Rollover Advance) or the next succeeding Repayment Date (in the case of a Term Facility Advance).

Appears in 1 contract

Samples: Agreement (Telewest Global Inc)

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