Common use of Reference Bank quotations Clause in Contracts

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR (where such a quotation is required having regard to paragraph (b) of the definition of “LIBOR” in clause 1.2) the interest rate for the relevant Interest Period shall be determined, subject to clause 5.6, on the basis of the quotations furnished by the remaining Reference Banks in accordance with the procedure set out in paragraph (b) of the definition of “LIBOR” in clause 1.2.

Appears in 4 contracts

Sources: Project Loan Agreement, Bank Loan Agreement, Bank Loan Agreement (QGOG Constellation S.A.)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR (where such a quotation is required having regard to paragraph (b) of the definition of “"LIBOR” " in clause 1.2) the interest rate for the relevant Interest Period Revolving Credit Term or other period shall be determined, subject to clause 5.65.8, on the basis of the quotations furnished by the remaining Reference Banks in accordance with the procedure set out in paragraph (b) of the definition of “LIBOR” in clause 1.2Banks.

Appears in 2 contracts

Sources: Loan Agreement (Cordiant Communications Group PLC /Adr), Loan Agreement (Cordiant Communications Group PLC /Adr)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR (where such a quotation is required having regard to paragraph (b) of the definition of “LIBOR” in clause 1.2) the interest rate for the relevant Interest Period, Maturity Period or other relevant period shall be determined, subject to clause 5.614.4, on the basis of the quotations furnished by the remaining Reference Banks in accordance with the procedure set out in paragraph (b) of the definition of “LIBOR” in clause 1.2Banks.

Appears in 1 contract

Sources: Facilities Agreement (Avecia Group PLC)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR (where such a quotation is required having regard to paragraph (b) of the definition of “LIBOR” in clause 1.2) ), the interest rate for the relevant Interest Period shall be determined, subject to clause 5.6, on the basis of the quotations furnished by the remaining Reference Banks in accordance with the procedure set out in paragraph (b) of the definition of “LIBOR” in clause 1.2.

Appears in 1 contract

Sources: Project Loan Agreement (QGOG Constellation S.A.)