Common use of Substitute Rate of Borrowing Clause in Contracts

Substitute Rate of Borrowing. If, on any Libor Determination Date during the term of this Agreement, any Lender reasonably determines (which determination is final, conclusive and binding upon the Borrowers and the Lenders) and advises the Canadian Agent or the U.S. Agent, as the case may be, that:

Appears in 4 contracts

Samples: Credit Agreement (Firstservice Corp), Credit Agreement (Firstservice Corp), Fourth Amended (Firstservice Corp)

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