Rate Quotations. Each Reference Bank agrees to use its best efforts to furnish quotations to the Administrative Agent as contemplated by this Section. If any Reference Bank does not furnish a timely quotation, the Administrative Agent shall determine the relevant interest rate on the basis of the quotation or quotations furnished by each remaining Reference Bank or, if no such quotation is provided on a timely basis, the provisions of Section 14.2 shall apply.
Appears in 3 contracts
Samples: Multicurrency Credit Agreement (General Binding Corp), Credit Agreement (General Binding Corp), Credit Agreement (Sickinger Co)
Rate Quotations. Each Reference Bank agrees to use its best efforts to furnish quotations to the Administrative Agent as contemplated by this Section. If any Reference Bank does not furnish a timely quotation, the Administrative Agent shall determine the relevant interest rate on the basis of the quotation or quotations furnished by each the remaining Reference Bank or, if no such quotation is provided on a timely basis, the provisions of Section 14.2 10.2 shall apply.
Appears in 2 contracts
Samples: Maytag Corp, Maytag Corp
