Determination of LIBOR Rate Sample Clauses

Determination of LIBOR Rate. The Agent, upon determining the Adjusted LIBOR Rate for each Interest Period, shall promptly notify the Borrower and the Banks thereof by telephone (confirmed in writing) or in writing, and such determination by the Agent shall be conclusive and binding absent manifest error.
Sample 1Sample 2
AutoNDA by SimpleDocs
Determination of LIBOR Rate. Where, under the provisions of this Agreement, the Borrower has requested that the interest on any principal amount outstanding under the Facility be calculated on a Libor Basis, (a) the Libor Rate for Libor Advances in US Dollars shall be determined by the Agent two (2) Business Days prior to a Rollover Date and (b) the Libor Rate for Libor Advances in GBP shall be determined by the Agent on a Rollover Date.
Sample 1
Determination of LIBOR Rate. If this Note is a LIBOR Note, it will bear interest at a rate per year calculated using LIBOR (as defined below) and the Spread and/or Spread Multiplier, if any, specified on the face hereof.
Sample 1
Determination of LIBOR Rate. The determination of the LIBOR Rate by Lender shall be conclusive in the absence of manifest error.
Sample 1
Determination of LIBOR Rate. The amount of Equity Investment outstanding from time to time shall accrue Interim Yield and Yield at the rate per annum equal to the Interim Yield Rate and the Yield Rate, respectively. The Lessor shall as soon as practicable, but in no event later than 11:00 a.m., New York time, two (2) Business Days prior to the effectiveness of each LIBOR Rate, notify the Lessee of such LIBOR Rate and the corresponding Interim Yield Rate and Yield Rate, as applicable, but failure to so notify shall not affect the obligations of the parties hereunder or under the other Operative Documents. During the Interim Term for Lease Fremont 3E, Interim Yield attributable to amounts advanced by the Lessor will be (i) retained by the Lessor and added to the Equity Investment with respect thereto pursuant to Section 2.5 and (ii) capitalized monthly in arrears.
Sample 1
Determination of LIBOR Rate. The Lender’s determination of the LIBOR Rate from time to time as provided in this Agreement shall be conclusive and binding in the absence of readily demonstrable error.
Sample 1
Determination of LIBOR Rate. As soon as practicable on the second Business Day prior to the first day of each Interest Period (the "Interest Rate Determination Date"), Lender shall determine (pursuant to the definition of "LIBOR Rate") the interest rate which shall apply to the LIBOR Rate Portion for which an interest rate is then being determined and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower. Lender's determination shall be presumed to be correct, absent manifest error, and shall be binding upon Borrower.
Sample 1
AutoNDA by SimpleDocs
Determination of LIBOR Rate. Where, under the provisions of this Agreement, the Borrower has requested that the interest on any principal amount outstanding under the Revolving Credit Facility be calculated on a Libor Basis, the Libor Rate shall be determined by the Agent two Banking Days prior to a Rollover Date.
Sample 1

Related to Determination of LIBOR Rate

  • Determination of LIBOR ARTICLE V

  • Number and Amount of LIBOR Loans; Determination of Rate Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, plus any increment of $1,000,000 in excess thereof. No more than four Borrowings of LIBOR Loans may be outstanding at any time, and all LIBOR Loans having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.

  • Determination of Rates Promptly after the determination of any interest rate provided for herein or any change therein, the Administrative Agent shall notify the Lenders to which such interest is payable and the Borrower thereof. Each determination by the Administrative Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.

  • Determination of Prime Rate If the Interest Rate Basis specified above is the Prime Rate, the interest rate with respect to this Note will be the Prime Rate plus or minus the Spread, if any, or multiplied by the Spread Multiplier, if any, as specified above. “Prime Rate” means, with respect to any Interest Determination Date, the rate on such Interest Determination Date as published in H.15(519) opposite the caption “Bank prime loan.” If such rate is not published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, the Prime Rate for such Interest Determination Date will be the rate published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying the applicable rate under the caption “Bank prime loan.” If such rate is not published by 3:00 P.M., New York City time, in H.15(519), H.15 Daily Update or such other recognized electronic source on the related Calculation Date, the Prime Rate for such Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the rates of interest publicly announced by each bank that appears on Reuters page US PRIME 1 as such bank’s prime rate or base lending rate as of 11:00 A.M., New York City time, on such Interest Determination Date, or, if fewer than four such rates appear by 3:00 P.M., New York City time, on the related Calculation Date on Reuters page US PRIME 1 for such Interest Determination Date, the rate will be calculated by the Calculation Agent and will be the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Interest Determination Date by three major banks in The City of New York selected by the Calculation Agent; provided, however, that if the banks so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Prime Rate with respect to such Interest Determination Date will be the Prime Rate in effect on such Interest Determination Date.

  • Determination of Treasury Rate Unless otherwise specified in the applicable Pricing Supplement if the Base Rate specified on the face hereof is the Treasury Rate, the “Treasury Rate” means, with respect to any Treasury Rate Determination Date (as defined below), the rate for the auction held on such Treasury Rate Determination Date of direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on the face hereof, as published in H.15(519) under the heading “U.S. Government Securities-Treasury bills-auction average (investment)” or, if not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Treasury Rate Determination Date, the auction average rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury for Treasury bills on such Treasury Rate Determination Date having the Index Maturity specified on the face hereof. In the event that the results of the auction of Treasury bills having the Index Maturity specified on the face hereof are not published or reported as provided above by 3:00 P.M., New York City time, on such Calculation Date, or if no such auction is held on such Treasury Rate Determination Date, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Determination Date, of three leading primary United States government securities dealers selected by the Calculation Agent for the issue of Treasury bills with a remaining maturity closest to the Index Maturity specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting bid rates as mentioned in this sentence, the rate of interest for the applicable period will be the rate of interest in effect on such Treasury Rate Determination Date. The “Treasury Rate Determination Date” will be the day of the week in which the related Interest Reset Date falls on which Treasury bills would normally be auctioned. Treasury bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that such auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Date Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Note whose Base Rate is the Treasury Rate, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The interest rate for each such Interest Reset Date shall be the Treasury Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

Time is Money Join Law Insider Premium to draft better contracts faster.