Common use of Setting and Notice of LIBOR Rates Clause in Contracts

Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by Lender, and notice thereof shall be given by Lender promptly to Borrower. Each determination of the applicable LIBOR Rate by Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender shall, upon written request of Borrower, deliver to Borrower a statement showing the computations used by Lender in determining any applicable LIBOR Rate hereunder.

Appears in 13 contracts

Samples: Credit Agreement (5.11 Abr Corp.), Revolving Credit Agreement (Byline Bancorp, Inc.), Revolving Credit Agreement (Byline Bancorp, Inc.)

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Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by LenderBank, and notice thereof shall be given by Lender Bank promptly to the Borrower. Each determination of the applicable LIBOR Rate by Lender Bank shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender Bank shall, upon written request of the Borrower, deliver to the Borrower a statement showing the computations used by Lender Bank in determining any applicable LIBOR Rate hereunder.

Appears in 3 contracts

Samples: Revolving Loan Agreement (Runway Growth Credit Fund Inc.), Demand Loan Agreement (Runway Growth Credit Fund Inc.), www.sec.gov

Setting and Notice of LIBOR Rates. The applicable LIBOR Interest Rate for each Interest Period shall be determined by Lender, and notice thereof shall be given by Lender promptly to BorrowerBorrowers. Each determination of the applicable LIBOR Rate by Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender shall, upon written request of BorrowerBorrowers, deliver to Borrower Borrowers a statement showing the computations used by Lender in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Pernix Group, Inc.)

Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by the Lender, and notice thereof shall be given by the Lender promptly to Borrowerthe Company and Lender. Each determination of the applicable LIBOR Rate by the Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Lender shall, upon written request of Borrowerthe Company or Lender, deliver to Borrower the Company or Lender a statement showing the computations used by the Lender in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by the Lender, and notice thereof shall be given by the Lender promptly to Borrowerthe Borrower Representative. Each determination of the applicable LIBOR Rate by the Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender shall, upon written request of Borrower, deliver to Borrower a statement showing the computations used by Lender in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Westell Technologies Inc)

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Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by the Lender, and notice thereof shall be given by the Lender promptly to the Borrower. Each determination of the applicable LIBOR Rate by the Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Lender shall, upon written request of the Borrower, deliver to the Borrower a statement showing the computations used by the Lender in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Janel Corp)

Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by the Lender, and notice thereof shall be given by the Lender promptly to Borrowerthe Company. Each determination of the applicable LIBOR Rate by the Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Lender shall, upon written request of Borrowerthe Company, deliver to Borrower the Company a statement showing the computations used by the Lender in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Winmark Corp)

Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each Interest Period shall be determined by Lenderthe Bank, and notice thereof shall be given by Lender the Bank promptly to Borrowerthe Borrowers. Each determination of the applicable LIBOR Rate by Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender The Bank shall, upon written request of Borrowerthe Borrowers, deliver to Borrower the Borrowers a statement showing the computations used by Lender the Bank in determining any applicable LIBOR Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Bogen Communications International Inc)

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