Market Disruption Notice definition

Market Disruption Notice has the meaning specified in Section 2.15.

Market Disruption Notice has the meaning given in Clause 5.8;

Market Disruption Notice has the meaning set forth in Section 10.1.

Examples of Market Disruption Notice in a sentence

• If a Market Disruption Notice applies to a Loan which has not been advanced, that Loan shall, subject to Section 10.3 (Alternative Basis), be advanced on the requested Utilisation Date.

• If a Market Disruption Notice is given in respect of a proposed Disrupted Loan, the interest rate applicable on each Interim Lender's participation in that Disrupted Loan will be the rate certified by that Interim Lender to the Interim Facility Agent no later than five (5) Business Days after the Rate Fixing Day to be its cost of funds (from any source which it may reasonably select) plus the Margin.

• If a Market Disruption Notice is given in respect of a proposed Disrupted Loan, the interest rate applicable on each Interim Lender’s participation in that Disrupted Loan will be the rate certified by that Interim Lender to the Interim Facility Agent no later than five (5) Business Days after the Rate Fixing Day to be its cost of funds (from any source which it may reasonably select) plus the Margin.

• If the Funding Cost is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 12.00 noon (or 12.00 noon (in Brussels) in the case of any Interim Term Rate Loan denominated in euro) on the Rate Fixing Day the applicable Funding Cost shall be determined on the basis of the quotations of the remaining Reference Banks, subject to Clause 9.2 (Market Disruption Notice).

• If the Funding Cost is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 12.00 noon (London time) on the Rate Fixing Day the applicable Funding Cost shall be determined on the basis of the quotations of the remaining Reference Banks, subject to Clause 8.7 (Market Disruption Notice).

More Definitions of Market Disruption Notice

Market Disruption Notice has the meaning specified in Section 3.03(a).

Market Disruption Notice is defined in Section 1.8(g). Appendix A - 14

Market Disruption Notice means the notice by the “Agent” about an event within the meaning of Clause 8 (Market Disruption);

Market Disruption Notice the determination of “EURIBOR” is not possible and none or only one of the “Reference Banks” has provided an interest rate to the “Agent” by 11:30 a.m. CET on the respective “Interest Determination Date” which is required in order to determine the “Reference Interest Rate”, or

Market Disruption Notice the respective “Drawdown” shall be paid out if the “Borrower” does not instruct otherwise; the “Agent” and the “Borrower” will negotiate in good faith within a period of 10 days about an alternative method for determining the interest for the “Drawdown”. Such an alternative method can contemplate both another interest period and another reference interest rate. If no agreement is reached prior to expiration of this deadline, the interest rate for the relevant “Drawdown” for each “Bank” is the sum of the respective margin under Clause 7.6 and the annual refinancing costs for the relevant “Bank” with regard to its participation in the “Drawdown”. Each “Bank” will inform the “Agent” about this interest rate as quickly as possible and in any event prior to the end of the relevant interest period.

Market Disruption Notice shall have the meaning given to that term in Clause 12.2 (Market disruption).

Market Disruption Notice shall have the meaning assigned to such term within the definition of “Eurodollar Base Rate”.