Common use of Change of Reference Banks Clause in Contracts

Change of Reference Banks. If (a) the whole of the Contribution (if any) of any Reference Bank is prepaid, (b) the Commitment (if any) of any Reference Bank is reduced to zero in accordance with clause 16.1, (c) a Reference Bank transfers the whole of its rights and obligations (if any) as a Bank under this Agreement or (d) any Reference Bank generally ceases to provide quotations to the Agent for the purposes of determining LIBOR or EURIBOR (as the case may be), the Agent may, acting on the instructions of the Majority Banks, terminate the appointment of such Reference Bank and with the approval of the Borrowers (such approval not to be unreasonably withheld or delayed) appoint another Bank to replace such Reference Bank.

Change of Reference Banks. If (a) the whole of the Contribution (if any) of any Reference Bank is prepaid, (b) the Commitment (if any) of any Reference Bank is reduced to zero in accordance with clause 16.1, (c) a Reference Bank transfers the whole of its rights and obligations (if any) as a Bank under this Agreement or (d) any Reference Bank generally ceases to provide quotations to the Agent for the purposes of determining LIBOR LIBOR, EURIBOR or EURIBOR XXXXXX (as the case may be), the Agent may, acting on the instructions of the Majority Banks, terminate the appointment of such Reference Bank and with the approval of the Borrowers Borrower (such approval not to be unreasonably withheld or delayed) appoint another Bank to replace such Reference Bank.

Change of Reference Banks. If (a) the whole of the Contribution (if any) of any Reference Bank is prepaidprepaid and the whole of its Commitment cancelled, (b) the Commitment (if any) of any Reference Bank is reduced to zero in accordance with clause 8.5 or 16.1, (c) a Reference Bank transfers novates the whole of its rights and obligations (if any) as a Bank under this Agreement or (d) any Reference Bank generally ceases to provide quotations to the Agent for the purposes of determining LIBOR or EURIBOR (as the case may be)LIBOR, the Agent may, acting on the instructions of the Majority Banks, terminate the appointment of such Reference Bank and with the approval agreement of the Borrowers Parent (such approval not to be unreasonably withheld or delayed) appoint another Bank to replace such Reference Bank.

Change of Reference Banks. If (a) the whole of the Contribution (if any) of any Reference Bank is prepaid, prepaid and the whole of its Commitment cancelled (b) the Commitment (if any) of any Reference Bank is reduced to zero in accordance with clause 8.5 or 16.1, (c) a Reference Bank transfers novates the whole of its rights and obligations (if any) as a Bank under this Agreement or (d) any Reference Bank generally ceases to provide quotations to the Agent for the purposes of determining LIBOR or EURIBOR (as the case may be)LIBOR, the Agent may, acting on the instructions of the Majority Banks, terminate the appointment of such Reference Bank and with the approval agreement of the Borrowers Parent (such approval not to be unreasonably withheld or delayed) appoint another Bank to replace such Reference Bank.