Common use of Quotation Day Clause in Contracts

Quotation Day. In relation to any period for which an interest rate is to be determined for a Term SOFR Rate Loan, two RFR Banking Days before the first day of that period (unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).

Quotation Day. In relation to any period for which an interest rate is to be determined for a Term SOFR Rate Loan, two RFR Banking Days before the first day of that period (unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).. Term SOFR Contingency Period: 30 days