Common use of Basis of Accrual Clause in Contracts

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing denominated in such Currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency currency of any state that becomes a Participating Member State participating member state shall be inconsistent with any convention or practice in the interbank LIBOR market for the basis of accrual of interest or fees in respect of the Euroeuro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member Stateparticipating member state; provided that, with respect to that if any Borrowing denominated Loan in the currency of such Currency that state is outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Loan, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the applicable interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to provided, that if any Borrowing denominated or Loan in the Currency of such Currency that is state if outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Borrowing or Loan, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the relevant interbank market for the offering of deposits denominated in such Currency for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to provided, that if any Borrowing denominated Loan in the Currency of such Currency that state is outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Advance, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the applicable interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to provided, that if any Borrowing denominated Loan in the Currency of such Currency that is state if outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Loan, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the relevant interbank market for the offering of deposits denominated in such currency for the basis of accrual of interest or fees in respect of the Euroeuro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to provided, that if any Borrowing denominated Loan in the currency of such Currency that state is outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Loan, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees expressed in this Agreement with respect to the Currency currency of any state that becomes a Participating Member State participating state shall be inconsistent with any convention or practice in the relevant interbank market for the basis of accrual of interest or fees in respect of the Euroeuro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member Stateparticipating member state; provided thatprovided, with respect to that if any Borrowing denominated Fronted Loan in the currency of such Currency that state is outstanding immediately prior to such date, such replacement shall take effect effect, with respect to such Fronted Loan, at the end of the then current Interest Period thereforPeriod.

Basis of Accrual. If the basis of accrual of interest or fees ---------------- expressed in this Agreement with respect to the Currency of any state that becomes a Participating Member State shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing -------- denominated in such Currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor.