Examples of Reference Bank Quotation in a sentence
No Reference Bank or Alternative Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct.
BANK QUOTATIONS Confidentiality and disclosure The Facility Agent and each Obligor agree to keep each Funding Rate (and, in the case of the Facility Agent, each Reference Bank Quotation) confidential and not to disclose it to anyone, save to the extent permitted by Clauses 36.1.2 and 36.1.3 below.
CHANGES TO THE CALCULATION OF INTEREST Absence of Quotations Subject to Clause 10.2 (Market disruption), if the Base Rate is to be determined by reference to the Reference Banks but a Reference Bank does not supply a Reference Bank Quotation by the Specified Time on the Quotation Day, the applicable Base Rate shall be determined on the basis of the Reference Bank Quotations of the remaining Reference Banks.
The Facility Agent's obligations in this Clause 36 relating to Reference Bank Quotations are without prejudice to its obligations to make notifications under Clause 8.4 (Notification of rates of interest) provided that (other than pursuant to Clause 36.1.2.1 above) the Facility Agent shall not include the details of any individual Reference Bank Quotation as part of any such notification.
No Reference Bank, in its capacity as a “Reference Bank”, will be liable for any action taken by it under or in connection with this Agreement, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct.