Common use of Interest Rate Changes Clause in Contracts

Interest Rate Changes. Each change in the Term Loan Interest Rate shall be effective on the effective date of the change in the LIBOR Rate, provided however, that Borrower shall not be responsible for paying any increased amount until either Administrative Agent or Collateral Agent has notified Borrower of the change. Administrative Agent shall use its best efforts to give Borrower prompt notice of any such change; provided, however, that any failure by Administrative Agent to provide Borrower with notice hereunder shall not affect its right to make changes in the Term Loan Interest Rate. Credit Agreement – Domo, Inc.