Common use of Absence of quotations Clause in Contracts

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 18 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Grindrod Shipping Holdings Ltd.), Term Loan Facility (Ardmore Shipping Corp)

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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 noon on the Quotation Rate Fixing Day, the applicable LIBOR or EURIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 10 contracts

Samples: Facility Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)

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 8 contracts

Samples: Senior Revolving Credit Facility Agreement (Logitech International Sa), Multicurrency Revolving Facility Agreement (Wolseley PLC), Multicurrency Loan Facility Agreement (Xstrata PLC)

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 8 contracts

Samples: Term Facility Agreement (Enstar Group LTD), Amendment and Restatement Agreement (Cascal N.V.), Debt Bridge Facility Agreement (Xstrata PLC)

Absence of quotations. Subject to Clause clause 10.2 (Market disruptionDisruption Event), 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 a.m. on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 7 contracts

Samples: Facility Agreement (DryShips Inc.), Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Quintana Shipping Ltd.)

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 11:00 hours (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 4 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Nordic American Offshore Ltd.)

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 11.00 a.m. on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference BanksBank.

Appears in 2 contracts

Samples: Facility Agreement (Best Buy Co Inc), Facility Agreement (Best Buy Co Inc)

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 a.m. 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

Samples: Facility Agreement (Lillian Acquisition, Inc.), Term Facility Agreement (Sterlite Industries (India) LTD)

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 a.m. 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 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

Absence of quotations. Subject to Clause 10.2 (Market disruption)clause 16.2.1, 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 time specified in clause 16. 2.1.1 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

Samples: Loan Agreement, Loan Agreement (Drdgold LTD)

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 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

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Absence of quotations. Subject to Clause 10.2 9.7 (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 London time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations for obtaining funding of the remaining Reference Banks.

Appears in 2 contracts

Samples: Amendment Agreement (Ormat Technologies, Inc.), Common Terms Agreement (Ormat Technologies, Inc.)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if EURIBOR or, if applicable, 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 EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Facility Agreement (Delhaize Group), Facility Agreement (Delhaize Group)

Absence of quotations. Subject to Clause 10.2 (Market disruptionDisruption), if EURIBOR or, if applicable, 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 EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (Advanced Micro Devices Inc), Term Loan Facility Agreement (Advanced Micro Devices Inc)

Absence of quotations. 10.1.1. Subject to Clause 10.2 (Market disruptionDisruption), 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 11.00am 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

Samples: Term Loan Facility Agreement, Term Loan Facility Agreement (Sibanye Gold LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if 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

Samples: Facility Agreement (Sesa Sterlite LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruption)the other provisions of this Clause, 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 will be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (eHi Car Services LTD)

Absence of quotations. Subject to Clause 10.2 clause 12.2 (Market disruption), if LIBOR is to be determined by reference to the Base Reference Banks but a Base 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 Base Reference Banks.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Sunrise Senior Living Inc)

Absence of quotations. Subject to Clause 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 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

Samples: Facility Agreement (Opto Circuits (India) LTD)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if EURIBOR or, if applicable, 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 EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (VTTI Energy Partners LP)

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.. LD885224/33

Appears in 1 contract

Samples: Debt Bridge Facility Agreement (Xstrata PLC)

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Absence of quotations. Subject to Clause 10.2 (Market disruption)clause 15.3, if LIBOR or, if applicable, EURIBOR is to be determined by reference to the Base Reference Banks but a Base 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 Base Reference Banks.

Appears in 1 contract

Samples: Senior Facilities Agreement (Luxfer Holdings PLC)

Absence of quotations. Subject to Clause 10.2 (Market disruption)clause β€Ž10.2, 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 1 contract

Samples: Sterling Term Facility Agreement (American Realty Capital Global Trust, Inc.)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if LIBOR or SHIBOR (as the case may be) is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon on the Quotation Day, the applicable LIBOR or SHIBOR (as the case may be) shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Harbin Electric, Inc)

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 12:00 noon 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

Samples: Term Facility Agreement (Tongjitang Chinese Medicines Co)

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

Samples: Senior Secured Post Delivery Term Loan Facility Agreement (Knightsbridge Shipping LTD)

Absence of quotations. Subject to Clause 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 1 contract

Samples: Secured Revolving Facility Agreement (Klondex Mines LTD)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if the applicable LIBOR is to be determined by reference to the Reference Banks Bank Quotation but a Reference Bank does not supply a quotation by the Specified Time 12 noon Amsterdam 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

Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), ) if LIBOR is to be determined by reference to the Base Reference Banks but a Base 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 Base Reference Banks.

Appears in 1 contract

Samples: Facilities Agreement (Enstar Group LTD)

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 12.00 noon 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

Samples: Dual Currency Term Facility Agreement (Xstrata PLC)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption)) if EURIBOR, CIBOR, XXXXXX or, if applicable, LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR, CIBOR, XXXXXX or LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (InterXion Holding N.V.)

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 11:00 a.m. (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

Samples: Amendment and Restatement Agreement (Sesa Sterlite LTD)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if EURIBOR or, if applicable, LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (Imerys S.A.)

Absence of quotations. Subject to Clause 10.2 clause 20.2 (Market disruptionDisruption), 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 a.m. 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

Samples: Amendment and Restatement Agreement (Hanover Insurance Group, Inc.)

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