Common use of Determination of Applicable Interest Rate Clause in Contracts

Determination of Applicable Interest Rate. As soon as practicable on each Interest Rate Determination Date, Agent 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 Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Equinix Inc)

AutoNDA by SimpleDocs

Determination of Applicable Interest Rate. As soon as practicable after 11:00 a.m. (London time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error in calculationerror, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances Loans 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 BorrowersBorrowers and each Lender.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Determination of Applicable Interest Rate. As soon as practicable on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error in calculationerror, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances Loans 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 Borrowersthe Company and each Lender.

Appears in 1 contract

Samples: Credit Agreement (Ak Steel Holding Corp)

Determination of Applicable Interest Rate. As soon as practicable on On each Interest Rate Determination Date, Administrative Agent shall determine in accordance with the terms of this Agreement (which determination shall, absent manifest error in calculationerror, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances Rate Loans 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 BorrowersBorrower and each applicable Lender.

Appears in 1 contract

Samples: Credit Agreement (Thoratec Corp)

AutoNDA by SimpleDocs

Determination of Applicable Interest Rate. As soon as practicable on On each Interest Rate Determination Date, Administrative Agent shall determine in accordance with the terms of this Agreement (which determination shall, absent manifest error in calculationerror, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances Loans 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 BorrowersCompany and each Lender.

Appears in 1 contract

Samples: Credit Agreement (Oxford Health Plans Inc)

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