Failure of a Reference Bank to supply a rate. If IBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 12.00 noon (local time) on a Rate Fixing Day, the applicable IBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.
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Samples: Agreement (Tele2 Ab), Restatement Agreement (Mittal Steel Co N.V.), Agreement (Preem Holdings Ab Publ)
Failure of a Reference Bank to supply a rate. If IBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 12.00 noon (local time) on a Rate Fixing Day, the applicable IBOR will, subject as provided belowhereinafter provided, be calculated on the basis of the rates of the remaining Reference Banks.
Appears in 2 contracts
Samples: Agreement (United States Steel Corp), Agreement (United States Steel Corp)
Failure of a Reference Bank to supply a rate. If IBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 12.00 noon (local time) on a Rate Fixing Day, the applicable IBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.. 12.2
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Samples: Credit Agreement
Failure of a Reference Bank to supply a rate. If IBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 12.00 noon p.m. (relevant local time) on a Rate Fixing Day, the applicable IBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.
Appears in 1 contract
Samples: International Paper Co /New/
Failure of a Reference Bank to supply a rate. If an IBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 12.00 noon (local time) Munich time on a Rate Fixing Day, the applicable IBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.
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