Examples of LIBOR Reference Banks in a sentence
If any Reference Bank is unable or otherwise fails to furnish a quotation for the purpose of calculating LIBOR or EURIBOR (as appropriate) where such quotation is required having regard to the definitions of "LIBOR" and "EURIBOR" in clause 1.2, the interest rate for the relevant Term or other period shall be determined, subject to clause 6.6, on the basis of the quotations furnished by the remaining EURIBOR Reference Bank or LIBOR Reference Banks (as the case may be).
If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the LIBOR Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period.
The LIBOR Calculation Agent shall request the principal London office of each of the LIBOR Reference Banks to provide a quotation of its rate.
Hardwick further represents and warrants that he has xxxx advised by IGI that he shall have a period of seven (7) days following his execution of this Agreement to revoke it so that it has no continuing or past legal effect.
Should LIBOR not be available, the interest rate will be set based on LIBOR Reference Banks plus 1.80 percentage points.