Common use of LIBOR Disruption Clause in Contracts

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Term Working Capital Series Holders of purchasing and holding their Short Term Working Capital Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Term Working Capital Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Term Working Capital Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Term Working Capital Series Notes shall be determined pursuant to Section 2.3.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Long Term Working Capital Series Holders of purchasing and holding their Short Long Term Working Capital Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Long Term Working Capital Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Long Term Working Capital Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Long Term Working Capital Series Notes shall be determined pursuant to Section 2.3.52.2.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Term Working Capital Trade Series Holders of purchasing and holding their Short Term Working Capital Trade Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Term Working Capital Trade Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Term Working Capital Trade Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Term Working Capital Trade Series Notes shall be determined pursuant to Section 2.3.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Long Term Working Capital Trade Series Holders of purchasing and holding their Short Long Term Working Capital Trade Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Long Term Working Capital Trade Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Long Term Working Capital Trade Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Long Term Working Capital Trade Series Notes shall be determined pursuant to Section 2.3.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Term Working Capital Trade Series Holders of purchasing and holding their Short Term Working Capital Trade Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Term Working Capital Trade Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Term Working Capital Trade Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Term Working Capital Trade Series Notes shall be determined pursuant to Section 2.3.52.2.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Long Term Working Capital Trade Series Holders of purchasing and holding their Short Long Term Working Capital Trade Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Long Term Working Capital Trade Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Long Term Working Capital Trade Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Long Term Working Capital Trade Series Notes shall be determined pursuant to Section 2.3.52.2.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Term Working Capital Series Holders of purchasing and holding their Short Term Working Capital Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Term Working Capital Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Term Working Capital Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Term Working Capital Series Notes shall be determined pursuant to Section 2.3.52.2.5.

LIBOR Disruption. If (a) on or prior to the first day of any Interest Period the Calculation Agent reasonably determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBOR for such Interest Period, or (b) on or prior to the first day of any Interest Period the Majority Holders advise the Calculation Agent that the LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Short Long Term Working Capital Series Holders of purchasing and holding their Short Long Term Working Capital Series Notes during such Interest Period, the Calculation Agent shall forthwith give notice thereof (an "Alternate Rate Notice") in respect of such Interest Period to the Issuer, the Trustee and the Short Long Term Working Capital Series Holders, whereupon until the Calculation Agent gives notice (an "Alternate Rate Rescission Notice") to the Issuer, the Trustee and the Short Long Term Working Capital Series Holders that each circumstance giving rise to such Alternate Rate Notice no longer exists (it being understood that the Calculation Agent will give such notice reasonably promptly after it has knowledge that such circumstances have ceased to exist), the interest rate applicable to the Short Long Term Working Capital Series Notes shall be determined pursuant to Section 2.3.5.