Common use of Interest Determinations Clause in Contracts

Interest Determinations. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrower. Each determination by the Lender of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Sources: Delayed Draw Term Loan Credit Agreement (Empire Resorts Inc), Bridge Loan Agreement