Common use of Market Disruption Clause in Contracts

Market Disruption. (a) If a Market Disruption Event affects the interbank market in the Eurozone and it is impossible: (i) for the fixed Interest Rate, to determine the fixed Interest Rate applicable to a Drawdown, or (ii) for the variable Interest Rate, to determine the applicable EURIBOR for the relevant Interest Period, the Lender shall inform the Borrower.

Appears in 5 contracts

Samples: Ugovor O Kreditu, Ugovor O Kreditu, Ugovor O Kreditu

Market Disruption. (a) If a Market Disruption Event affects the interbank market in the Eurozone and it is impossible: (i) for the fixed Interest Rate, to determine the fixed Interest Rate applicable to a Drawdown, or (ii) for the variable Interest Rate, to determine the applicable EURIBOR for the relevant Interest Period, the Lender shall inform the Borrower.

Appears in 3 contracts

Samples: Ugovor O Kreditu, Ugovor O Kreditu, Ugovor O Kreditu