Common use of Absence of quotations Clause in Contracts

Absence of quotations. Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 18 contracts

Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Navios Maritime Partners L.P.), Assignment Agreement (Ardmore Shipping Corp)

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Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 8 contracts

Samples: Cascal Facility Agreement (Cascal N.V.), Term Facilities Agreement (Xstrata PLC), Term Facilities Agreement (Xstrata PLC)

Absence of quotations. Subject to Clause clause 10.2 (Market disruptionDisruption Event), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 a.m. on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 7 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Quintana Shipping Ltd.)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 hours (London time) on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 4 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Nordic American Offshore Ltd.)

Absence of quotations. Subject to Clause 10.2 11.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 3 contracts

Samples: Facility Agreement (Standard Commercial Corp), Agreement (Marconi Corp PLC), Facilities Agreement (Inveresk Research Group Inc)

Absence of quotations. Subject to Clause 10.2 clause 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 3 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 a.m. London time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Agreement (Dorian LPG Ltd.), Agreement (Dorian LPG Ltd.)

Absence of quotations. Subject to Clause 10.2 (Market disruption)clause 16.2.1, if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time time specified in clause 16.2.1.1 on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Drdgold LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruptionDisruption), if EURIBOR or, if applicable, LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc)

Absence of quotations. Subject to Clause 10.2 9.7 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 am London time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations for obtaining funding of the remaining Reference Banks.

Appears in 2 contracts

Samples: Common Terms Agreement (Ormat Technologies, Inc.), Common Terms Agreement (Ormat Technologies, Inc.)

Absence of quotations. Subject to Clause 10.2 9.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Absence of quotations. Subject to Clause 10.2 (Market disruptionDisruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 a.m. (London time) on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Absence of quotations. Subject to Clause 10.2 10.3 (Market disruptionDisruption), if LIBOR is to be determined by reference to on the basis of a Reference Banks Bank Rate but a Reference Bank does not supply a quotation by the Specified Time 11:00 a.m. (London time) on the Quotation Day, the applicable LIBOR Reference Bank Rate shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 2 contracts

Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Globalstar, Inc.

Absence of quotations. Subject to Clause 10.2 11.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00 a.m. on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference BanksBank.

Appears in 2 contracts

Samples: Agreement (Best Buy Co Inc), Agreement (Best Buy Co Inc)

Absence of quotations. Subject to Clause 10.2 4.5 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Restatement Agreement (Fly Leasing LTD)

Absence of quotations. Subject to Clause 10.2 Section 4.6 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon on the Quotation DayDate, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (Atlas Air Worldwide Holdings Inc)

Absence of quotations. Subject to Clause 10.2 clause 20.2 (Market disruptionDisruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00 a.m. on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if the applicable LIBOR is to be determined by reference to the Reference Banks Bank Quotation but a Reference Bank does not supply a quotation by the Specified Time 12 noon Amsterdam time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (KNOT Offshore Partners LP)

Absence of quotations. Subject to Clause 10.2 9.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time not later than 11:00 hours on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Charter Agreement (Knightsbridge Shipping LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruption)clause β€Ž10.2, if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00 am on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Assignment Agreement (American Realty Capital Global Trust, Inc.)

Absence of quotations. 10.1.1. Subject to Clause 10.2 (Market disruptionDisruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00am on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Sibanye Gold LTD)

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Absence of quotations. Subject to Clause 10.2 11.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 12.00 noon on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Dual Currency Term Facility Agreement (Xstrata PLC)

Absence of quotations. Subject to Clause 10.2 clause 12.2 (Market disruption), if LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

Absence of quotations. Subject to Clause 10.2 9.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11:00 a.m. (London time) on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (Sesa Sterlite LTD)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), ) if LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.

Appears in 1 contract

Samples: Facilities Agreement (Enstar Group LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruption)the other provisions of this Clause, if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall will be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (eHi Car Services LTD)

Absence of quotations. Subject to Clause clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (Opto Circuits (India) LTD)

Absence of quotations. Subject to the following provisions of this Clause 10.2 8.5 (Market disruptionDisruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 11.00 am on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (Hines Global REIT, Inc.)

Absence of quotations. Subject to Clause 10.2 Section 16.2 (Market disruption), Disruption) if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon (New York time) on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Common Terms Agreement (Ultrapetrol Bahamas LTD)

Absence of quotations. Subject to Clause clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Agreement (Klondex Mines LTD)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Sesa Sterlite LTD

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.. LD885224/33

Appears in 1 contract

Samples: Term Facilities Agreement (Xstrata PLC)

Absence of quotations. Subject to Clause 10.2 12.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time 12:00 noon on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Facility Agreement (Tongjitang Chinese Medicines Co)

Absence of quotations. Subject to Clause 10.2 (Market disruption), if LIBOR or SHIBOR (as the case may be) is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time noon on the Quotation Day, the applicable LIBOR or SHIBOR (as the case may be) shall be determined on the basis of the quotations of the remaining Reference Banks.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Harbin Electric, Inc)

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