Terms of Replacement Notes. The Replacement Notes shall be on terms approved by Nortel and consistent with market practice in the relevant debt securities market. To the extent political risk insurance is required by and consistent with relevant market practice, all costs of such insurance shall be borne by the Borrower. To the extent the rate of withholding tax applicable to Replacement Notes is consistent with relevant market practice, the full rate of withholding tax shall be borne by the Borrower.
Appears in 4 contracts
Samples: Financing Agreement (Impsat Fiber Networks Inc), Financing Agreement (Nortel Networks LTD), Financing Agreement (Impsat Fiber Networks Inc)
