Determination of Rate and Billing Sample Clauses

Determination of Rate and Billing. The Administrative Agent shall calculate each interest rate applicable to the LIBOR Rate Loans and Alternate Base Rate Loans hereunder in accordance with the terms of this Credit Agreement. The Administrative Agent shall give prompt notice to the Borrowers and to the Lenders of each rate of interest so determined, and the determination thereof shall be conclusive and binding in the absence of manifest error. The Administrative Agent will bill the Borrowers on behalf of all Lenders with respect to interest on the Loans.
Sample 1Sample 2Sample 3See All (13)
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Determination of Rate and Billing. Each change in the rate of interest for any Borrowing or any portion thereof shall become effective, without prior notice to the Borrower Parties, automatically as of the opening of business of Administrative Agent on the date of said change. Administrative Agent shall promptly notify Borrower and the Committed Lenders of the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate and Floating LIBOR Rate by Administrative Agent shall be conclusive in the absence of manifest error. The applicable CP Rate shall be determined for each Conduit Lender by the applicable Funding Agent and reported, together with a calculation of any accrued interest and fees for the applicable period (but excluding any fee payable pursuant to Section 2.09) payable to such Conduit Lender on any Interest Payment Date, to the Administrative Agent and the Borrower by 11:00 a.m. five (5) Business Days prior to such Interest Payment Date; provided that, if such Funding Agent fails to report the CP Rate to the Administrative Agent and the Borrower by such time, the Administrative Agent shall be authorized to use the interest rate being paid to the non-Conduit Lenders for such applicable period for any such non-reporting Conduit Lender (provided that such amount paid to any non-reporting Conduit Lender shall be trued-up on the following applicable Interest Payment Date upon five (5) Business Days prior notice). The Administrative Agent will xxxx the Borrower on behalf of all Lenders with respect to interest on Eurocurrency Rate Loans, Base Rate Loans, Floating LIBOR Rate Loans and CP Rate Loans.
Sample 1Sample 2See All (13)
Determination of Rate and Billing. The Administrative Agent shall calculate each interest rate applicable to the Eurocurrency Rate Loans, RFR Loans, and Reference Rate Loans hereunder in accordance with the terms of this Credit Agreement. The Administrative Agent shall give prompt notice to the Borrowers and to the Lenders of each rate of interest so determined, and its determination thereof shall be conclusive and binding in the absence of manifest error. The Administrative Agent will bill the Borrowers on behalf of all Lenders with respect to interest on Eurocurrency Rate Loans, RFR Loans, and Reference Rate Loans.
Sample 1Sample 2Sample 3See All (5)
Determination of Rate and Billing. Each change in the rate of interest for any Borrowing or any portion thereof shall become effective, without prior notice to the Borrower Parties, automatically as of the opening of business of Administrative Agent on the date of said change. At any time that Base Rate Loans are outstanding, Administrative Agent shall notify Borrower Parties and the Lenders of any change in the Prime Rate used in determining the Alternative Base Rate promptly following the public announcement of such change. Administrative Agent will promptly notify the Borrower Parties and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by Administrative Agent shall be conclusive in the absence of manifest error. The Administrative Agent will xxxx Borrowers on behalf of all Lenders with respect to interest on Eurodollar Rate Loans and Base Rate Loans.
Sample 1
Determination of Rate and Billing. Each change in the rate of interest for any Borrowing or any portion thereof shall become effective, without prior notice to the Borrower Parties, automatically as of the opening of business of the Administrative Agent on the date of said change. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower Parties and the Lenders of any change in the Prime Rate used in determining the Alternative Base Rate promptly following the public announcement of such change. The Administrative Agent will promptly notify the Borrower Parties and the Lenders of the interest rate applicable to any Interest Period for SOFR Loans upon determination of such interest rate. The determination of Adjusted Term SOFR or Daily Compounded SOFR, as applicable, by the Administrative Agent shall be conclusive in the absence of manifest error. The Administrative Agent will bill the Borrower Parties on behalf of all Lenders with respect to interest on SOFR Loans and Base Rate Loans.
Sample 1
Determination of Rate and Billing. Each change in the rate of interest for any Borrowing or any portion thereof shall become effective, without prior notice to Borrower, automatically as of the opening of business of Funding Agent on the date of said change. Funding Agent shall promptly notify Borrower and the Committed Lender of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate and Floating LIBOR Rate by Funding Agent shall be conclusive in the absence of manifest error. The applicable CP Rate for the immediately preceding calendar month shall be determined for Conduit Lender by the Funding Agent and reported, together with a calculation of any accrued interest and fees for such period (but excluding any fee payable pursuant to Section 2.08) payable to Conduit Lender on the Maturity Date, to the Funding Agent and the Borrower by 11:00 a.m. five (5) Business Days prior to the Maturity Date. The Funding Agent will xxxx the Borrower on behalf of all Lenders with respect to interest on Eurodollar Rate Loans, Base Rate Loans, Floating LIBOR Rate Loans and CP Rate Loans.
Sample 1

Related to Determination of Rate and Billing

  • Notification of rates of interest The Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest under this Agreement.

  • Determination of Good Faith For purposes of any determination of whether Indemnitee acted in “good faith” Indemnitee shall be deemed to have acted in good faith if in taking or failing to take the action in question Indemnitee relied on the records or books of account of the Company or a Subsidiary or Affiliate, including financial statements, or on information, opinions, reports or statements provided to Indemnitee by the officers or other employees of the Company or a Subsidiary or Affiliate in the course of their duties, or on the advice of legal counsel for the Company or a Subsidiary or Affiliate, or on information or records given or reports made to the Company or a Subsidiary or Affiliate by an independent certified public accountant or by an appraiser or other expert selected by the Company or a Subsidiary or Affiliate, or by any other person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company or a Subsidiary or Affiliate. In connection with any determination as to whether Indemnitee is entitled to be indemnified hereunder, or to advancement of expenses, the Reviewing Party or court shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification or advancement of Expenses, as the case may be, and the burden of proof shall be on the Company to establish, by clear and convincing evidence, that Indemnitee is not so entitled. The provisions of this Section 8(g) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. In addition, the knowledge and/or actions, or failures to act, of any other person serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person shall not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder.

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