Market disruption. (1) In this Article, each of the following events constitutes a market disruption event:
(a) The rate as provided in Article 6.3 is not available and none, or the relevant Reuters screen rate (or the relevant replacement service) is zero or negative, or none or only one Reference Bank supplies to the lender a rate on the relevant Quotation Day; or
(b) before close of business on the date falling five (5) Business Days after the relevant Quotation Day, the Borrower receives notifications from the Lender that the cost to it of obtaining matching deposits in the relevant interbank market is in excess of the cost to the Lender of obtaining matching deposits in the relevant interbank market as of the effective date of this Agreement.
(2) The Lender shall promptly notify the Borrower of a market disruption event.
(3) If a market disruption event occurs in relation to a Disbursement for any Interest Period, after notification under paragraph (2) above, the rate of interest on that Disbursement for that Interest Period shall be the percentage rate per annum which is the aggregate of:
(a) the Margin; and
(b) the rate notified to the Borrower by the Lender as soon as practicable and in any event before interest is due to be paid in respect of that
Market disruption. (a) If a Market Disruption 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.
(b) Upon the occurrence of the event described in paragraph (a) above, the applicable Interest Rate, as the case may be, for the Drawdown or for the relevant Interest Period will be the sum of:
(i) the Margin; and
(ii) the percentage rate per annum corresponding to the cost to the Lender of funding the Drawdown from whatever source it may reasonably select. Such rate shall be notified to the Borrower as soon as possible and, in any case, prior to (1) the first Payment Date for interest owed under the Drawdown for the fixed Interest Rate or (2) the Payment Date for interest owed under such Interest Period for the variable Interest Rate.
Market disruption. If before close of business in Brussels on the Quotation Day for the relevant Interest Period the Agent receives notifications from a Lender that the cost to it of funding its participation in that Loan from whatever source it may reasonably select for euros would be in excess of EURIBOR:
(a) the Agent shall promptly notify the Borrower of the same;
(b) there shall be no EURIBOR for that Loan; and
(c) Clause 10.4 (Cost of funds) shall apply to that Loan for that Interest Period.