If no Screen Rate is available for EURIBOR for the Interpolated Screen Rate: Interest Period of a Loan, the applicable EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan. [Reference If no Screen Rate is available for Bank Rate:]/[Cost of funds:] EURIBOR for: euro; or the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, [the applicable EURIBOR shall be the Reference Bank Rate as of the Specified Time and for a period equal in length to the Interest Period of that Loan] / [there shall be no EURIBOR for that Loan and Clause (Cost shall apply to of funds) that Loan for that Interest Period.] [Cost If paragraph (b) above applies but no Reference Bank Rate is of funds: available for euro or the relevant Interest Period there shall be no EURIBOR for that Loan and Clause (Cost shall apply to that Loan for that Interest of funds) Period.]] [Calculation of Reference Bank Rate Subject to paragraph , if EURIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by the Specified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Banks. If at or about [noon] on the Quotation Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.] Market disruption If before close of business in London on the Quotation Day for the relevant Interest Period the Agent receives notifications from a Lender or Lenders (whose participations in a Loan exceed [ ] per cent. of that Loan) that the cost to it of funding its participation in that Loan [from whatever source it may reasonably select]/[from the wholesale market for euro] would be in excess of EURIBOR then Clause (Cost of funds) shall apply to that Loan for the relevant Interest Period. Cost of funds If this Clause applies, the rate of interest on [each Lender's share of] the relevant Loan for the relevant Interest Period shall be the percentage rate per annum which is the sum of: the Margin; [and]
Interpolated Screen Rate: If no Screen Rate is available for EURIBOR for the Interest Period of a Loan, the applicable EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan. [Reference Bank Rate:]/[Cost of funds:] If no Screen Rate is available for EURIBOR for: euro; or the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, [the applicable EURIBOR shall be the Reference Bank Rate as of the Specified Time and for a period equal in length to the Interest Period of that Loan] / [there shall be no EURIBOR for that Loan and Clause (Cost of funds) shall apply to that Loan for that Interest Period.] [Cost of funds: If paragraph (b) above applies but no Reference Bank Rate is available for euro or the relevant Interest Period there shall be no EURIBOR for that Loan and Clause (Cost of funds) shall apply to that Loan for that Interest Period.]] [Calculation of Reference Bank Rate Subject to paragraph , if EURIBOR is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by the Specified Time, the Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Banks. If at or about [noon] on the Quotation Day, none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period.] Market disruption If before close of business in London on the Quotation Day for the relevant Interest Period the Agent receives notifications from a Lender or Lenders (whose participations in a Loan exceed [ ] per cent. of that Loan) that the cost to it of funding its participation in that Loan [from whatever source it may reasonably select]/[from the wholesale market for euro] would be in excess of EURIBOR then Clause (Cost of funds) shall apply to that Loan for the relevant Interest Period. Cost of funds If this Clause applies, the rate of interest on [each Lender's share of] the relevant Loan for the relevant Interest Period shall be the percentage rate per annum which is the sum of: the Margin; [and]
Euro_Term_Facility_Agreement_for_REF_Multipropoerty_Investment_Transactions_-_German_law_18.11.16.docx