Common use of CHANGES TO THE CALCULATION OF INTEREST Clause in Contracts

CHANGES TO THE CALCULATION OF INTEREST. 9.1 Absence of quotations Subject to Clause 9.2, if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 11 a.m. on the Quotation Day, the 3 month LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 15 contracts

Samples: Credit Facility Agreement (Shell Midstream Partners, L.P.), Facility Agreement, Credit Facility Agreement (BP Midstream Partners LP)

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CHANGES TO THE CALCULATION OF INTEREST. 9.1 12.1 Absence of quotations Subject to Clause 9.212.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 11 11.00 a.m. on 11/11665581 47 the Quotation Day, the 3 month applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

CHANGES TO THE CALCULATION OF INTEREST. 9.1 Absence of quotations Subject to Clause 9.29.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 11 a.m. not later than 11:00 hours on the Quotation Day, the 3 month applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (Ship Finance International LTD)

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CHANGES TO THE CALCULATION OF INTEREST. 9.1 Absence of quotations Subject to Clause 9.2, if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 11 a.m. on the Quotation Day, the 3 3-month LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Shell Midstream Partners, L.P.)

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