Common use of Change in Interest Rate Clause in Contracts

Change in Interest Rate. (a) In the event the Rating then in effect is a Tier A Rating, the interest rate on the Notes shall be adjusted as follows: each Note then outstanding shall accrue interest from the date such Tier A Rating is effective at a rate which is 25 basis points (0.25%) higher (the “Tier A Additional Interest Rate”) than the coupon rate of such Note (the coupon rate of such Note, when increased with the Tier A Additional Interest Rate, shall hereinafter be referred to as the “Tier A Elevated Interest Rate”) until, subject to clauses (b) and (c)(ii) below, such Rating is no longer in effect. Additional interest resulting from the application of the Tier A Elevated Interest Rate with respect to any Note shall (i) accrue for the entire applicable period and (ii) become due and payable to the holder of such Note on the earlier of (x) the next interest payment date with respect to such Note or (y) the date such Note shall have become due and payable as a result of its maturity or acceleration; provided, however, that such Tier A Elevated Interest Rate shall be disregarded for purposes of any Make-Whole Amount calculations other than calculations in connection with an acceleration as a result of an Event of Default under Section 11(a), (b), (g) or (h).

Change in Interest Rate. (a) In the event the Rating then in effect is a Tier A Rating, the interest rate on the Notes shall be adjusted as follows: each Note then outstanding shall accrue interest from the date such Tier A Rating is effective at a rate which is 25 basis points (0.25%) higher (the “Tier A Additional Interest Rate”) than the coupon rate of such Note (the coupon rate of such Note, when increased with the Tier A Additional Interest Rate, shall hereinafter be referred to as the “Tier A Elevated Interest Rate”) until, subject to clauses (b) and (c)(ii) below, such Rating is no longer in effect. Additional interest resulting from the application of the Tier A Elevated Interest Rate with respect to any Note shall (i) accrue for the entire applicable period and (ii) become due and ▇.▇. ▇▇▇▇▇▇ COMPANY FIRST AMENDMENT payable to the holder of such Note on the earlier of (x) the next interest payment date with respect to such Note or (y) the date such Note shall have become due and payable as a result of its maturity or acceleration; provided, however, that such Tier A Elevated Interest Rate shall be disregarded for purposes of any Make-Whole Amount calculations other than calculations in connection with an acceleration as a result of an Event of Default under Section 11(a), (b), (g) or (h).