CHANGES IN CONDITION definition
CHANGES IN CONDITION. Without prejudice to Clause 14, if:
9.4.1 any event described in Clause 9.5 occurs (or comes to the attention of the Agent) after receipt by the Agent of the notice requesting an Advance and
9.4.2 the Agent gives notice to the relevant Borrower by 10 a.m. on the proposed date of an Advance to the effect that, as a result, it will not be possible for that Advance to be made in the Optional Currency requested by the relevant Borrower then (subject to Clause 4.3) that Advance shall instead be made in Euro and in the Euro Amount of that Advance. In that event, the rate of interest applicable to that Advance for its Term shall be determined by reference to rates prevailing at such time on such day as the Agent determines to be appropriate (and all references to 11 a.m. on the Rate Fixing Day shall be construed accordingly).
Examples of CHANGES IN CONDITION in a sentence
Bran▇ ▇▇▇▇▇▇ Vice President SCHEDULE 5.3 CHANGES IN CONDITION SINCE BALANCE SHEET DATE None.
SCHEDULE 12.03 -------------- CHANGES IN CONDITION To be in form and substance acceptable to Landlord and provided by Tenant on or before the Commencement Date.
SCHEDULE 12.03 -------------- CHANGES IN CONDITION To be provided by Tenant in form and substance acceptable to Landlord prior to the Commencement Date of the Lease.