(a) in relation to any period for which an interest rate is to be determined, two TARGET Days before the first day of that period unless market practice differs in the European interbank market in which case the Quotation Day will be determined by the Lender in accordance with market practice in the European interbank market (and if quotations would normally be given by leading banks in the European interbank market on more than one day, the Quotation Day will be the last of those days); and
(b) in relation to any Interest Period the duration of which is selected by the Lender pursuant to Clause 8.3 (Default Interest), such date as may be determined by the Lender (acting reasonably).