Common use of Calculation of Reference Bank Rate Clause in Contracts

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s).

Appears in 4 contracts

Samples: Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

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Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation DateSpecified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks.

Appears in 4 contracts

Samples: Agreement (PCGI Intermediate Holdings LTD), Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time noon on the Quotation DateDay, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks.

Appears in 3 contracts

Samples: Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facilities Agreement (DHT Holdings, Inc.), October 2015 (DHT Holdings, Inc.)

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. 11:00 am London time on the Quotation Date, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s).

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

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Calculation of Reference Bank Rate. (a) Subject to paragraph (b) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time noon on the Quotation DateDay (London time), the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks.

Appears in 1 contract

Samples: Agreement (Diodes Inc /Del/)

Calculation of Reference Bank Rate. (aA) Subject to paragraph (bβ€Ž(B) below, if LIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by 1.00 p.m. London time on the Quotation DateSpecified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Bank(s)Banks.

Appears in 1 contract

Samples: Assignment Agreement (Encore Capital Group Inc)

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