Common use of Reference Bank quotations Clause in Contracts

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant to the proviso contained in the definition of LIBOR the interest rate shall be determined, subject to Clause 8.5, on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 3 contracts

Sources: Loan Agreement (Stena Ab), Loan Agreement (Stena Ab), Facility Agreement (Stena Ab)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant to the proviso contained in the definition of LIBOR the interest rate shall be determined, subject to Clause 8.5, 6.6 (Replacement of Reference ▇▇▇▇▇) on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 2 contracts

Sources: Credit Loan Facility Agreement (Smedvig Asa), Loan Agreement (Smedvig Asa)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant to the proviso contained in the definition of LIBOR LIBOR, (if there is more than one Reference Bank) the interest rate for the relevant Interest Period or other period shall be determined, subject to Clause 8.5clause 5.7, on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 1 contract

Sources: Loan Agreement (Carrier1 International S A)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant where such a quotation is required having regard to the proviso contained in the definition of LIBOR in clause 1.1 the interest rate for the relevant Interest Period or other relevant period shall be determined, subject to Clause 8.5clause 13.4, on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 1 contract

Sources: Facility Agreement (Premier Foods PLC)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant (where such a quotation is required having regard to the proviso contained in the definition of LIBOR in clause 1.2) the interest rate for the relevant Interest Period shall be determined, subject to Clause 8.5clause 5.7, on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Reference Bank quotations. If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR pursuant to the proviso contained in the definition of LIBOR the interest rate shall be determined, subject to Clause 8.5, 6.6 (Replacement of Reference Banks) on the basis of the quotations furnished by the remaining Reference Banks.

Appears in 1 contract

Sources: Third Supplemental Agreement to the Usd600,000,000 Reducing and Revolving Credit Loan Facility (Smedvig Asa)