Base Reference Banks definition

Base Reference Banks means the principal London offices of Société Générale, Deutsche Bank AG and BNP Paribas or such other banks as may be appointed by the COFACE Agent in consultation with the Borrower.

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Base Reference Banks means, in relation to LIBOR, the principal London offices of Barclays Bank PLC, Lloyds TSB Bank plc and The Royal Bank of Scotland plc or such other banks as may be appointed by the Facility Agent in consultation with the Account Party;

Base Reference Banks means the principal London office of such banks as may be appointed by the Agent in consultation with the Company.

Examples of Base Reference Banks in a sentence

A Base Reference Bank which is not a Party may rely on Clause 27.21 (Role of Base Reference Banks), paragraph 37.2(b) of Clause 37.2 (Exceptions) subject to Clause 1.3 (Third party rights) and the provisions of the Third Parties Act.
Subject to Clause 16.2 (Market disruption) if LIBOR or, if applicable, EURIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR or EURIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.
A Base Reference Bank which is not a Party may rely on Clauses 24.18 (Base Reference Banks), 34.2.4 and 35 (Confidentiality of Funding Rates and Reference Bank Quotations) subject to Clause 1.3 (Third-party rights) and the provisions of the Third Parties Act.
Subject to Clause 12.2 (Market disruption) if EURIBOR, CIBOR, ▇▇▇▇▇▇ or, if applicable, LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR, CIBOR, ▇▇▇▇▇▇ or LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.
Subject to Clause 12.2 (Market disruption), if EURIBOR or, if applicable, LIBOR is to be determined by reference to the Base Reference Banks but a Base Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR or LIBOR shall be determined on the basis of the quotations of the remaining Base Reference Banks.

More Definitions of Base Reference Banks

Base Reference Banks means in relation to LIBOR, the principal London offices of Banca IMI S.p.A., Milan and Bank of America, N.A., London Branch and the principal Milan office of Mediobanca — Banca di Credito Finanziario S.p.A., Milan and, in relation to EURIBOR, the principal office in London of Banca IMI S.p.A., Milan and Bank of America, N.A., London Branch and the principal Milan office of Mediobanca — Banca di Credito Finanziario S.p.A., Milan or such other banks as may be appointed by the Agent (acting on the instructions of the Majority Lenders) in consultation with the Parent.

Base Reference Banks means the Lenders or such other banks as may be appointed by the Agent in consultation with the Borrowers.

Base Reference Banks means, in relation to LIBOR, the principal London offices of HSBC Bank plc, Barclays Bank PLC and The Royal Bank of Scotland plc and, in relation to EURIBOR, the principal office in Paris of HSBC Bank plc, BNP Paribas and Société Générale or such other banks as may be appointed by the Agent in consultation with the Company.

Base Reference Banks means The Hongkong and Shanghai Banking Corporation Limited, and up to two other banks as may be appointed by the Agent in consultation with the Company.

Base Reference Banks means, in relation to LIBOR and Mandatory Cost the principal London offices of Deutsche Bank and HSBC Bank and, in relation to EURIBOR, the principal office in London of Deutsche Bank and HSBC Bank or such other banks as may be appointed by the Parent.

Base Reference Banks means any banks as may be appointed by the Initial ACF Agent acting reasonably and in consultation with the Borrower Security Group Agent;

Base Reference Banks means in relation to LIBOR, the principal London offices of Banca IMI S.p.A., Milan and Bank of America, N.A., London Branch and the principal Milan office