CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 8 contracts
Sources: Facility Agreement (Bunge LTD), Facility Agreement (Chartered Semiconductor Manufacturing LTD), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon (local time) on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 5 contracts
Sources: Facility Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 11.1 Absence of quotations Subject to Clause 10.2 11.2 (Market disruption), if LIBOR or, if applicable, EURIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR or EURIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 3 contracts
Sources: Senior Revolving Credit Facility Agreement, Facilities Agreement (Bunge LTD), Credit Agreement (Sappi LTD)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 11.1 Absence of quotations Subject to Clause 10.2 11.2 (Market disruption), if LIBOR or EURIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR or EURIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 2 contracts
Sources: Limited Liability Partnership Agreement (Abb LTD), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 17.1 Absence of quotations Subject to Clause 10.2 17.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 2 contracts
Sources: Syndication and Amendment Agreement (Shire PLC), Facilities Agreement (Shire PLC)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00 am on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 2 contracts
Sources: Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Genco Shipping & Trading LTD)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on or about 11am London time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR or shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Sources: Facility Agreement (Centerpulse LTD)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 11.1 Absence of quotations Subject to Clause 10.2 11.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Bank Rate, if one or more Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
CHANGES TO THE CALCULATION OF INTEREST. 10.1 9.1 Absence of quotations Subject to Clause 10.2 9.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time not later than 11:00 hours on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Sources: Amendment Agreement (Ship Finance International LTD)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 18.1 Absence of quotations Subject to Clause 10.2 18.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Sources: Facilities Agreement (Shire Pharmaceuticals Group PLC)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 Absence of quotations 11.1 ABSENCE OF QUOTATIONS Subject to Clause 10.2 11.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Sources: Facilities Agreement (Octel Corp)
CHANGES TO THE CALCULATION OF INTEREST. 10.1 12.1 Absence of quotations Subject to Clause 10.2 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Sources: Multicurrency Revolving Facilities Agreement (Sage Group PLC)