Common use of Exchange Rate Adjustment Clause in Contracts

Exchange Rate Adjustment. The Lenders acknowledge that the terms of this Clause 21 have been agreed on the basis of the exchange rates set out in the Business Plan and that in the event that the Parent is able to demonstrate to the satisfaction of the Finance Parties (acting reasonably) that any breach of Clause 21.1 has arisen solely as a result of a movement in any exchange rates after the date of this Agreement, the Finance Parties will instruct the Agent to negotiate in good faith with the Parent to agree replacement financial covenants which provide the Finance Parties with equivalent protection to that offered by the financial covenants set out in Clause 21 as at the date of this Agreement.