Common use of Failure of a Reference Bank to Clause in Contracts

Failure of a Reference Bank to. supply a rate If EURIBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 11.00 a.m. on a Quotation Day, the applicable EURIBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.

Failure of a Reference Bank to. supply a rate If EURIBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 11.00 a.m. 12.00 noon on a Quotation Rate Fixing Day, the applicable EURIBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.

Failure of a Reference Bank to. supply a rate If EURIBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 11.00 a.m. 12.00 noon (local time) on a Quotation Rate Fixing Day, the applicable EURIBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.

Failure of a Reference Bank to. supply a rate If EURIBOR is to be calculated by reference to the Reference Banks Institutions but a Reference Bank does not supply a rate by 11.00 a.m. 2.00 p.m. (Central European Time) on a Quotation Rate Fixing Day, the applicable EURIBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference BanksInstitutions.

Failure of a Reference Bank to. supply a rate If EURIBOR is to be calculated by reference to the Reference Banks but a Reference Bank does not supply a rate by 11.00 a.m. 12.00 noon (local time) on a Quotation Rate Fixing Day, the applicable EURIBOR will, subject as provided below, be calculated on the basis of the rates of the remaining Reference Banks.