Common use of Notification of Rate Clause in Contracts

Notification of Rate. The Agent, upon determining the Eurodollar Rate for any Interest Period, shall promptly give the Borrower and the other Lenders written or telephonic notice thereof. Such determination shall, absent manifest error and subject to the provisions of Section 2.13, be final, conclusive and binding upon all parties hereto.

Appears in 2 contracts

Samples: Credit Agreement (Stone Container Corp), Credit Agreement (Stone Container Corp)

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Notification of Rate. The Agent, upon determining the interest rate for any Borrowing of Eurodollar Rate Loans for any Interest Period, shall promptly give the Borrower notify Borrowers and the other Lenders written or telephonic notice thereof. Such determination shall, absent manifest error and subject to the provisions of Section 2.133.6, be final, conclusive and binding upon all parties hereto.

Appears in 1 contract

Samples: Credit Agreement (Natg Holdings LLC)

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Notification of Rate. The Agent, upon determining the Eurodollar Rate for any Interest Period, shall promptly give the Borrower and the other Lenders written or telephonic notice thereof. Such determination shall, absent manifest error and subject to the provisions of Section SECTION 2.13, be final, conclusive and binding upon all parties hereto.

Appears in 1 contract

Samples: Credit Agreement (Stone Container Corp)

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