REPLACEMENT REFERENCE RATE. Notwithstanding any provisions in this Agreement or the CBC Account Bank Fee Letter, if the CBC Account Bank or the CBC determines at any time that a Benchmark Event (as defined in Clause 13.5) has occurred in respect of any floating reference rate applied in respect of any CBC Transaction Account to determine any amount of interest payable (the "Floating Reference Rate"), the CBC Account Bank and the CBC shall use their best efforts to appoint (subject to Clause 13.3 below and the requirements under the Benchmarks Regulation) a rate determination agent (the "Rate Determination Agent") which will determine in its sole discretion, acting in good faith, whether:
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Sources: CBC Account Agreement, CBC Account Agreement