Common use of Increase in Interest Rate Clause in Contracts

Increase in Interest Rate. In the event that no Registration Event has occurred on or prior to the 210th day after the Closing Date, the interest rate per annum payable in respect of the Initial Securities shall be increased by 0.50%, effective from and including such 210th day to but excluding the earlier of (i) the date on which a Registration Event occurs and (ii) the date on which there cease to be any Registrable Securities. In the event that the Shelf Registration Statement (if it is filed), after it is declared effective by the SEC, ceases to be effective at any time during the period specified by Section 2(b)(B) hereof for more than 60 days, whether or not consecutive, during any 12-month period, the interest rate payable in respect of the Initial Securities shall be increased by 0.50% per annum from the 61st day of the applicable 12-month period such Shelf Registration Statement ceases to be effective until such time as the Shelf Registration Statement again becomes effective (or, if earlier, the end of the period specified by Section 2(b)(B) hereof).

Increase in Interest Rate. In the event that no neither the consummation of the Exchange Offer nor the declaration by the Commission of a Shelf Registration Event has occurred to be effective (each a "Registration Event') occurs on or prior to the 210th 105th day after the Closing Datedate of the issuance of the Registrable Notes, the interest rate per annum payable in respect of borne by the Initial Securities Notes shall be increased by 0.50%, effective from and including such 210th day 105th day, to but excluding the earlier of (i) the date on which a Registration Event occurs and (ii) the date on which there cease to be any Registrable Securitiesoccurs. In the event that the Shelf Registration Statement (if it is filed), after it is declared effective by the SEC, ceases to be effective at any time during the period specified by Section 2(b)(B2(b) hereof for more than 60 days, whether or not consecutive, during any 12-month period, the interest rate payable in respect of borne by the Initial Securities Notes shall be increased by 0.50% per annum from the 61st day of the applicable 12-month period such Shelf Registration Statement ceases to be effective until such time as the Shelf Registration Statement again becomes effective (or, if earlier, the end of the period specified by Section 2(b)(B) hereof)effective.