Common use of Alternative Basis Clause in Contracts

Alternative Basis. (a) After any notification under Clause 13.2 (Market disruption) above, if the Loan has not then been drawn it will be made with an Interest Period of five Business Days and each following Interest Period relating to the outstanding Loan shall be five Business Days, but the rate of interest applicable to each Bank’s participation in the Loan shall be the aggregate of the applicable: (i) Margin; (ii) the cost of each Bank of funding, from whatever sources it may reasonably select, its participation in the Loan during the relevant Interest Period; and

Alternative Basis. (a) After any notification under Clause 13.2 12.2 (Market disruption) above, if the any Loan has not then been yet drawn it will be made with an Interest Period of five Business Days and each following the next Interest Period relating to the any outstanding Loan shall be five Business Days, but the rate of interest applicable to each Bank’s participation in the relevant Loan shall be the aggregate of the applicable: (i) Margin; (ii) the cost of each Bank of funding, from whatever sources it may reasonably select, its participation in the Loan during the relevant Interest Period; and