Unavailability of Screen Rate Sample Clauses

Unavailability of Screen Rate. (a) Interpolated Screen Rate: If no Screen Rate is available for LIBOR for the Interest Period of the Loan or any part of the Loan, the applicable LIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of the Loan or that part of the Loan.
AutoNDA by SimpleDocs
Unavailability of Screen Rate. Notwithstanding anything to the contrary in this Agreement or any other Finance Document, if the Facility Agent determines (which determination shall, in the absence of manifest error, be conclusive) or the Borrower or the Required Lenders notify the Facility Agent (with, in the case of the Required Lenders, a copy to Borrower) that the Borrower or the Required Lenders (as applicable) have determined that: (a) adequate and reasonable means would not exist for ascertaining (should the Floating Rate apply) the Screen Rate for the relevant Interest Period including, without limitation, because the Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or (b) the administrator of the Screen Rate or a governmental authority having jurisdiction over the Facility Agent has made a public statement identifying a specific date after which the Screen Rate shall no longer be made available or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”); or (c) syndicated loans currently being executed, or existing syndicated loans that include language similar to that contained in this Clause 6.19, are being executed and/or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Screen Rate, then, reasonably promptly after such determination by the Facility Agent or receipt by the Facility Agent of such notice, as applicable, or if the Borrower otherwise requests, the Facility Agent and the Borrower may amend this Agreement to replace the Screen Rate with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then existing convention for similar Euro denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “Euro Successor Rate”), and also together with any proposed Euro Successor Rate Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 P.M. (London time) on the fifth (5) Business Day after the Facility Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Facility Agent written notice that such Required Lenders do not accept such amendment. Such Euro Successor Rate shall be applied in a manner consistent with market pract...
Unavailability of Screen Rate. (a) If no Screen Rate is available for EURIBOR for the Interest Period of an Advance, the applicable EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Advance. (b) If no Screen Rate is available for EURIBOR for: (i) the currency of an Advance; or (ii) the Interest Period of an Advance and it is not possible to calculate the Interpolated Screen Rate, the interest rate on that Advance shall be calculated in accordance with Clause 10.3 (Market Disruption).
Unavailability of Screen Rate. 11.1.1 If no Screen Rate is available for JIBAR for (i) ZAR or (ii) the Interest Period of a Loan, the applicable JIBAR shall be the Reference Bank Rate as of noon on the Quotation Day and for a period equal in length to the Interest Period of that Loan. 11.1.2 If clause 11.1.1 above applies but no Reference Bank Rate is available for ZAR or the relevant Interest Period there shall be no JIBAR for that Loan and clause 11.4 (Cost of funds) shall apply to that Loan for that Interest Period.
Unavailability of Screen Rate. (a) Interpolated Screen Rate: If at or about noon on the Quotation Day for the relevant period, the Screen Rate for EIBOR for the relevant period is not available, the applicable EIBOR shall be the Interpolated Screen Rate for a period equal in length to the relevant period.
Unavailability of Screen Rate. 12.1.1 Interpolated Screen Rate If no Screen Rate is available for JIBAR for the Interest Period of a Loan, the applicable JIBAR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan.
Unavailability of Screen Rate. (a) If no Screen Rate is available for LIBOR for an Interest Period, LIBOR shall be the Interpolated Screen Rate for a period equal in length to that Interest Period. (b) If is is not possible to calculate the Interpolated Screen Rate, there shall be no LIBOR for that Interest Period and clause 11.3 (Cost of funds) shall apply for that Interest Period.
AutoNDA by SimpleDocs
Unavailability of Screen Rate. (a) Interpolated Screen Rate: If no Screen Rate is available for LIBOR or, if applicable, EURIBOR for the Interest Period of a Loan, the applicable LIBOR or EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan. (b) Base Reference Bank Rate: If no Screen Rate is available for LIBOR or, if applicable, EURIBOR for: 10-16526587-2\13845-2639 80 (i) the currency of a Loan; or (ii) the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable LIBOR or EURIBOR shall be the Base Reference Bank Rate as of the Specified Time for the currency of that Loan and for a period equal in length to the Interest Period of that Loan.
Unavailability of Screen Rate. (a) Interpolated Screen Rate: If no Screen Rate is available for EURIBOR for the Interest Period of a Loan, the applicable EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan.
Unavailability of Screen Rate. 14.1.1 If no Screen Rate is available for EURIBOR, LIBOR, XXXXXX or NIBOR (as applicable) for the Interest Period of a Loan, the applicable EURIBOR, LIBOR, XXXXXX or NIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan. 14.1.2 If no Screen Rate is available for EURIBOR, LIBOR, XXXXXX or NIBOR (as applicable) for the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable EURIBOR, LIBOR, XXXXXX or NIBOR shall be the Base Reference Bank Rate as at the Specified Time and for a period equal in length to the Interest Period of that Loan. 14.1.3 If Clause 14.1.2 applies but no Base Reference Bank Rate is available for the relevant currency or the relevant Interest Period there shall be no EURIBOR,
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!