Common use of Setting and Notice of Rates Clause in Contracts

Setting and Notice of Rates. For each Loan made hereunder, the applicable interest rate for each Interest Period or other period shall be the rate quoted by the Relevant Bank to the Company for that particular type of Loan. The Relevant Bank shall, upon written request of the Company, deliver to the Company a statement showing the calculation of (i) any applicable Domestic CD Rate (Adjusted), (ii) any applicable Eurocurrency Rate (Reserve Adjusted) or (iii) the rate of interest per annum applicable to Negotiated Loans or Local Currency Loans hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Trans World Airlines Inc /New/), Credit Agreement (TRW Inc), Revolving Credit Agreement (TRW Inc)

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