as of, in the case of paragraphs (a) and (b) above, 11:00 a.m. (Paris time) on the Quotation Day and for a period equal in length to the Interest Period of the Loan and, if any such rate is below zero, EURIBOR will be deemed to be zero.
"Event of Default" means any event or circumstance specified as such in Clause 20 (Events of Default).