Common use of Calculation of Reference Bank Rate Clause in Contracts

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s). (b) If at or about noon on the Quotation Date none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation DateSpecified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon (London time) on the Quotation Date Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time noon on the Quotation DateDay, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon on the Quotation Date Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time noon on the Quotation DateDay, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon on the Quotation Date Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest PeriodPeriod and Clause 10.4 (Cost of funds) shall apply.

Calculation of Reference Bank Rate. (aA) Subject to paragraph (b‎(B) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation DateSpecified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (bB) If at or about noon on the Quotation Date Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. 11:00 am London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s). (b) If at or about noon on the Quotation Date none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time noon on the Quotation DateDay (London time), the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon London time on the Quotation Date Day none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon 12.00 p.m. (London time) on the Quotation Date none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation DateSpecified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks. (b) If at or about noon on the Quotation Date Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant that Interest Period.

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s). (b) If at or about noon on the Quotation Date none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.