Common use of Reference Bank Rate Clause in Contracts

Reference Bank Rate. If MPR for the Interest Period of a Loan is not available, the applicable MPR shall be the Reference Bank Rate as of the Specified Time for a period equal in length to the Interest Period of that Loan.

Appears in 2 contracts

Sources: Unsecured NGN Term Facility Agreement (IHS Holding LTD), Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)