Common use of Interest Rate Determination and Protection Clause in Contracts

Interest Rate Determination and Protection. (a) Each Reference Lender agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurodollar Rate. If any one of the Reference Lenders shall not furnish such timely information to the Administrative Agent for the purpose of determining any such Eurodollar Rate, the Administrative Agent shall determine such Eurodollar Rate on the basis of timely information furnished by the two remaining Reference Lenders.

Interest Rate Determination and Protection. (a) Each In the event the Eurodollar Rate is determined by reference to clause (ii) of the definition thereof, each Reference Lender Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each such Eurodollar Rate. If in such event, any one of the Reference Lenders Bank shall not furnish such timely information to the Administrative Agent for the purpose of determining any such Eurodollar Rateinterest rate, the Administrative Agent shall determine such Eurodollar Rate interest rate on the basis of timely information furnished by the two remaining any other Reference LendersBanks.

Interest Rate Determination and Protection. (a) Each The Reference Lender Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurodollar Eurocurrency Rate. If any one of the Reference Lenders Bank shall not furnish such timely information to the Administrative Agent for the purpose of determining any such Eurodollar Rateinterest rate, the Administrative Agent shall determine such Eurodollar Rate interest rate on the basis of timely information furnished by any other major international bank reasonably selected by it or as otherwise instructed by the two remaining Reference LendersMajority Banks.