SUBSTITUTE INTEREST RATES. If and whenever, at any time prior to the commencement of any Interest Period:
SUBSTITUTE INTEREST RATES. The provisions of clause 10 ("SUBSTITUTE INTEREST RATES") of the Facility Agreement are hereby incorporated by reference and shall apply, MUTATIS MUTANDIS, to this Agreement as if all references therein to the "Banks" and the "
SUBSTITUTE INTEREST RATES. If and whenever, at any time prior to the commencement of any Interest Period for any Loan by reason of changes affecting the Euro market, the Facility Agent shall have determined that, due to circumstances beyond Bank Hapoalim’s control, adequate means do not exist for ascertaining LIBOR during such Interest Period, the Facility Agent shall forthwith give notice (“a Determination Notice”) of such event to the Borrower (a Determination Notice to contain particulars of the relevant circumstances giving rise to its issue) and, notwithstanding the provisions of clause 7 above, the Facility Agent shall offer the Borrower an alternative basis (“the Substitute Basis”) for the determination of the relevant interest rate for such Loan for such Interest Period, the Substitute Basis to be binding upon the Borrower and to take effect in accordance with its terms from the commencement of the relevant Interest Period. If the Borrower determines that it does not wish to continue such Loan under the Substitute Basis, it shall so notify the Facility Agent within 90 (ninety) days of receipt of the Facility Agent’s notice specifying such Substitute Basis, whereupon the outstanding balance of the principal amount of such Loan, together with all accrued interest thereon, as well as all other amounts in respect thereof shall become immediately due and payable. For the avoidance of doubt, no breakage costs or prepayment commissions will be payable by the Borrower in connection with any payment made on any such circumstances as aforesaid.
SUBSTITUTE INTEREST RATES. If and whenever, at any time prior to the commencement, or as applicable, during the Term, of any Foreign Currency Revolving Credit Facility or of any Interest Period of any Loan, by reason of changes affecting the market for the relevant foreign currency of such Foreign Currency Revolving Credit Facility or Loan, the Lender shall have determined that, due to circumstances beyond the Lender’s control, adequate means do not exist for ascertaining LIBOR during such Term or Interest Period, as applicable, the Lender shall forthwith give notice (“a Determination Notice”) of such event to the Borrower (a Determination Notice to contain particulars of the relevant circumstances giving rise to its issue) and, notwithstanding the provisions of clause 6 above, the Lender shall offer the Borrower an alternative basis (“the Substitute Basis”) for the determination of the relevant interest rate for such Term or Interest Period, as applicable, the Substitute Basis to be binding upon the Borrower and to take effect in accordance with its terms from the commencement, or, as applicable, for the remainder, of the relevant Term or Interest Period, as applicable.
SUBSTITUTE INTEREST RATES. ........................................................1 9.1. Unavailable or Indeterminable Interest Rate...................................1 9.2. Negotiations for Determining Alternative Basis................................1 9.3. Agreed Alternative Basis......................................................1 9.4. Failure to Agree on Alternative Basis.........................................1 9.5. Return to Regular Determination Basis.........................................1
SUBSTITUTE INTEREST RATES. The provisions of clause 10 ("SUBSTITUTE INTEREST RATES") of the Facility Agreement with necessary changes, attached hereto in SCHEDULE 7.4, are hereby incorporated by reference.
SUBSTITUTE INTEREST RATES. If and whenever, at any time prior to the commencement of any Interest Period of an Advance denominated in a foreign currency, or as applicable, during the Term of an Advance denominated in foreign currency, the Bank is unable to obtain deposits on the European or London inter-bank market at the rate of LIBOR or, by reason of changes affecting the market for the relevant foreign currency of any Advance, the Bank shall, in good faith, have determined that, due to circumstances beyond the Bank’s control, adequate means do not exist for ascertaining LIBOR, during such Term of Advance or Interest Period, as applicable, the Bank shall be entitled to give notice (a “Determination Notice”) of such event to the Company (a Determination Notice to contain particulars of the relevant circumstances giving rise to its issue) and, notwithstanding the provisions of clause 1.1.73 above, the Bank may offer the Company an alternative basis (the “Substitute Basis”) for the determination of the relevant interest rate for such Term of Advance or Interest Period, as applicable, and such Substitute Basis shall be binding upon the Company and take effect in accordance with its terms from the commencement, or, as applicable, for the remainder, of the relevant Term of Advance or Interest Period, as applicable.
SUBSTITUTE INTEREST RATES. 9.1. If and whenever, at any time prior to the commencement of any Interest Period, the Banks shall have determined that:
SUBSTITUTE INTEREST RATES. 36 Accrual and liquidation of interest............................... 37 Communication of the applicable interest rate..................... 37
SUBSTITUTE INTEREST RATES
