Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on the relevant Rate Fixing Day, the applicable LIBOR shall, subject to Clause 14.2 (Market disruption), be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 4 contracts
Samples: Agreement (Spirent PLC), Credit Agreement (Spirent PLC), Credit Agreement (Ti Group PLC)
Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on 1.00 p.m. two Business Days before the relevant Rate Fixing Dayfirst day of an Interest Period, the applicable LIBOR shall, subject to Clause 14.2 (Market disruption)11.2, be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 2 contracts
Samples: Loan Agreement (Elbit Medical Imaging LTD), Loan Agreement (Elbit Medical Imaging LTD)
Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on the relevant a Rate Fixing Day, the applicable LIBOR shall, subject to Clause 14.2 12.2 (Market disruption), be determined on the basis of the quotations of the remaining Reference BanksBank(s).
Appears in 2 contracts
Samples: Credit Agreement, Agreement (Teekay LNG Partners L.P.)
Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on the relevant Rate Fixing Day, the applicable LIBOR shall, subject to Clause 14.2 13.2 (Market disruption)) below, be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Samples: Agreement (Txu Europe LTD)
Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on the relevant Rate Rate-Fixing Day, the applicable LIBOR shall, subject to Clause 14.2 12.2 (Market disruption), be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
Samples: Agreement (Toreador Resources Corp)
Absence of quotations. If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on the relevant Rate Fixing DayDrawdown Date, the applicable LIBOR shall, subject to Clause 14.2 15.2 (Market disruption), be determined on the basis of the quotations of the remaining Reference Banks.
Appears in 1 contract
