Common use of CHANGES TO THE CALCULATION OF INTEREST Clause in Contracts

CHANGES TO THE CALCULATION OF INTEREST. 10.1 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. (b) Reference Bank Rate: If no Screen Rate is available for EURIBOR for: (i) euros; or (ii) the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable EURIBOR shall be the Reference Bank Rate as of noon (Brussels time) on the Quotation Day for euros and for a period equal in length to the Interest Period of that Loan. (c) Cost of funds: If paragraph (b) above applies but no Reference Bank Rate is available for euros or the relevant Interest Period: (i) the Agent shall promptly notify the Borrower of the same;