Common use of Increase in Interest Rate Clause in Contracts

Increase in Interest Rate. In the event that either (i) the Exchange Offer Registration Statement is not filed with the Commission on or prior to the 30th day following the date hereof, (ii) the Exchange Offer Registration Statement is not declared effective on or prior to the 90th day following the date hereof or (iii) the Exchange Offer is not consummated on or prior to the 120th day following the date hereof or a Shelf Registration Statement with respect to the Registrable Notes is not declared effective on or prior to the 120th day following the date hereof (or, if such Shelf Registration Statement is filed pursuant to Section 2(b)(iii), the 60th day following the request therefor if later than such 120th day), the interest rate borne by the Registrable Notes shall be increased by one-quarter of one percent per annum following such 30-day period in the case of clause (i) above, following such 90-day period in the case of clause (ii) above or following such 120-day period in the case of clause (iii) above, which rate will be increased by an additional one-quarter of one percent per annum for each 90-day period that any such additional interest continues to accrue, provided that the aggregate increase in such interest rate will in no event exceed one-percent. Upon

Increase in Interest Rate. In the event that either (i) the Exchange ------------------------- Offer Registration Statement is not filed with the Commission SEC on or prior to the 30th 45th day following the date hereofClosing Time, (ii) the Exchange Offer Registration Statement is not declared effective on or prior to the 90th 150th day following the date hereof Closing Time or (iii) the Exchange Offer is not consummated on or prior to the 120th 180th day following the date hereof Closing Time or a Shelf Registration Statement with respect to the Registrable Notes is not declared effective on or prior to the 120th 180th day following the date hereof (or, if such Shelf Registration Statement is filed pursuant to Section 2(b)(iii), the 60th day following the request therefor if later than such 120th day)Closing Time, the interest rate borne by the Registrable Notes shall be increased by one-quarter half of one percent per annum following such 3045-day period in the case of clause (i) above, following such 90150-day period in the case of clause (ii) above or following such 120180-day period in the case of clause (iii) above, which rate will be increased by an additional one-quarter half of one percent per annum for each 9030-day period that any such additional interest continues to accrue, provided that the aggregate increase in such interest rate will in no event exceed one-percentone percent per annum. Upon

Increase in Interest Rate. In the event that either (i) the Exchange Offer Registration Statement is not filed with the Commission SEC on or prior to the 30th 45th day following the date hereof, (ii) the Exchange Offer Registration Statement is not declared effective on or prior to the 90th 120th day following the date hereof or (iii) the Exchange Offer is not consummated on or prior to the 120th 150th day following the date hereof or a Shelf Registration Statement with respect to the Registrable Notes is not declared effective on or prior to the 120th 150th day following the date hereof (or, if such Shelf Registration Statement is filed pursuant to Section 2(b)(iii), the 60th day following the request therefor if later than such 120th day)hereof, the interest rate borne by the Registrable Notes shall be increased by one-quarter of one percent per annum following such 3045-day period in the case of clause (i) above, following such 90120-day period in the case of clause (ii) above or following such 120150-day period in the case of clause (iii) above, which rate will be increased by an additional one-quarter of one percent per annum for each 90-90- day period that any such additional interest continues to accrue, provided that the aggregate increase in such interest rate will in no event exceed one-percentone percent per annum. Upon