Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the rate per annum which is the sum of: (i) the Margin; and (ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select. (b) In this Agreement, “Market Disruption Event” means:
Appears in 8 contracts
Sources: Senior Secured Credit Facility Agreement, China Eca Facility Framework Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever comparable source it may reasonably select.
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 4 contracts
Sources: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 4 contracts
Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.), Facility Agreement (Aluminum Corp of China), Senior Facilities Agreement (Melco PBL Entertainment (Macau) LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 3 contracts
Sources: Facility Agreement (KNOT Offshore Partners LP), Term Loan Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Melco PBL Entertainment (Macau) LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent Borrower by that the Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 3 contracts
Sources: Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (MediaRing LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender such Lender, as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that such Lender of funding its participation in the that Loan from whatever source it may reasonably select.;
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 3 contracts
Sources: Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC), Facilities Agreement (International Game Technology PLC)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Applicable Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, “Market Disruption Event” means:
Appears in 2 contracts
Sources: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC), China Eca Facility Framework Agreement (Seadrill Partners LLC)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Facility Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 2 contracts
Sources: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 2 contracts
Sources: Term Facility Agreement (Tongjitang Chinese Medicines Co), Facility Agreement (Stats Chippac Ltd.)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent Borrower by that the Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 2 contracts
Sources: Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (China Security & Surveillance Technology, Inc.)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan an Advance for any Interest Period, then the rate of interest on each Lender’s share of the Loan that Advance for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and;
(ii) the rate notified to the Facility Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan that Advance from whatever source it may reasonably select; and
(iii) the Mandatory Cost.
(b) In this Agreement, “Agreement Market Disruption Event” Event means:
Appears in 2 contracts
Sources: Senior Secured Credit Facility (Liberty Global PLC), Credit Agreement (Unitedglobalcom Inc)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 2 contracts
Sources: Facility Agreement (Ocean Rig UDW Inc.), Facility Agreement (DryShips Inc.)
Market disruption. (a) 3.6.1 If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the rate per annum which is the sum of:
(ia) the Margin; and
(iib) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) 3.6.2 In this Agreement, Agreement “Market Disruption Event” meansmeans that:
Appears in 2 contracts
Sources: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender such ▇▇▇▇▇▇, as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that such Lender of funding its participation in the that Loan from whatever source it may reasonably select.;
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 2 contracts
Sources: Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan a Utilisation for any Interest Period, then the rate of interest on each Lenderthe affected Finance Party’s share of the Loan for the Interest Period that Utilisation shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender Finance Party as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender Finance Party of funding its participation in the Loan that Utilisation from whatever source it may reasonably select.
(b) In this Agreement, “Market Disruption Event” means:
Appears in 2 contracts
Sources: Facility Agreement (Eksportfinans Asa), Facility Agreement (Eksportfinans Asa)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the interest rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent Borrower by that the Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” meansmeans if in relation to any proposed Loan, the Lender determines (which determination shall be conclusive and binding) that:
Appears in 2 contracts
Sources: Credit Facility Agreement, Facility Agreement (Fabrinet)
Market disruption. (a) 10.2.1 If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(ia) the Margin; and
(iib) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) 10.2.2 In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender such Lender, as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that such Lender of funding its participation in the that Loan from whatever source it may reasonably select.;
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Sources: Senior Facility Agreement (International Game Technology PLC)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender ▇▇▇▇▇▇ as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (aA) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable practicable, and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(bB) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the that Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Sources: Facility Agreement (Chartered Semiconductor Manufacturing LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan Loans for the Interest Period shall be the rate per annum annum, which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Sources: Second Supplemental Agreement (KNOT Offshore Partners LP)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, “Market Disruption Event” means:
Appears in 1 contract
Sources: Term Loan Agreement (Helix Energy Solutions Group Inc)
Market disruption. (a) 10.2.1 If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the that Interest Period shall be the rate per annum which is the sum of:
(ia) the Applicable Margin; and;
(iib) the rate notified to the Agent Borrower by that the Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the that Loan from whatever source it may reasonably select; and
(c) the Mandatory Cost, if any.
(b) 10.2.2 In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Paying Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (a) 10.2.1 If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the that Interest Period shall be the rate per annum which is the sum of:
(ia) the Margin; and;
(iib) the rate notified to the Agent Borrower by that Lender FMO as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender FMO of funding its participation in the that Loan from whatever source it may reasonably select; and
(c) the Mandatory Cost, if any.
(b) 10.2.2 In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest PeriodPeriod relating thereto, then the rate of interest on each Lender’s 's share of the that Loan for the that Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, “Agreement "Market Disruption Event” means" means in relation to any Loan and any Interest Period relating thereto:
Appears in 1 contract
Sources: Multicurrency Revolving Credit Facility Agreement (Energizer Holdings Inc)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan a Utilization for any Interest Period, then the rate of interest on each Lender’s share of the Loan Utilization for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Facility Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan Utilization from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Sources: Facility Agreement (PT Indosat TBK)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Applicable Margin; , and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the such Loan from whatever source it may reasonably select.
(b) In this Agreement, “"Market Disruption Event” " means:
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Facility Agent by that Lender L▇▇▇▇▇ as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) 12.2.1 If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(ia) the Margin; and
(iib) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) 12.2.2 In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Mercer International Inc.)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest PeriodTerm, then the Lender shall promptly notify the Company and the rate of interest on each Lender’s share of the that Loan for the Interest Period that Term shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified by the Lender to the Agent by that Lender Company as soon as practicable and in any event event, before interest is due to be paid in respect of that Interest PeriodTerm, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the applicable Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and;
(ii) the rate notified to the Agent Borrower by that the Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that the Lender of funding its participation in the that Loan from whatever source it may reasonably select; and
(iii) the Mandatory Cost, if any, applicable to that Loan.
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the participation in that Loan for the that Interest Period shall be the rate per annum which is the sum of:
(i) of the Margin; and
(ii) Margin and the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, Agreement “Market Disruption Event” means:;
Appears in 1 contract
Sources: Senior Secured Post Delivery Term Loan Facility Agreement (Knightsbridge Shipping LTD)
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s 's share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, “Agreement "Market Disruption Event” " means:
Appears in 1 contract
Market disruption. (a) If a Market Disruption Event occurs in relation to the a Loan for any Interest Period, then the rate of interest on each Lender’s share of the that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:
(i) the applicable Margin; and
(ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in the that Loan from whatever source it may reasonably select.
(b) In this Agreement, “Market Disruption Event” means:
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Enstar Group LTD)