Common use of Determination of Applicable Interest Rate Clause in Contracts

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.

Appears in 16 contracts

Sources: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Eurodollar Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Company and each Lender.

Appears in 12 contracts

Sources: Credit Agreement (Dictaphone Corp /De), Credit Agreement (LTM Holdings Inc), Credit Agreement (Afc Enterprises Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate Adjusted LIBOR Rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.

Appears in 6 contracts

Sources: Credit Agreement (Beasley Broadcast Group Inc), Second Lien Credit Agreement (Beasley Broadcast Group Inc), Credit Agreement (Beasley Broadcast Group Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest clearly demonstrable error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Company and each Lender.

Appears in 4 contracts

Sources: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance Imaging Inc /De/)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 11:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Borrowers and each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York, New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Courtside Acquisition Corp), Credit Agreement (Wellsford Real Properties Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and to each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Worldwide Holdings Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City Boston, Massachusetts time) ), on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest clearly demonstrable error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and Period. The Administrative Agent shall promptly give notice thereof (in writing or by telephone confirmed in writing) to notify the Borrower and each LenderRepresentative of the interest rate thus determined.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Grand Canal Shops Mall Construction LLC)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative the Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and each LenderBank.

Appears in 1 contract

Sources: Credit Agreement (St Joe Co)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Borrowers and each Lender.

Appears in 1 contract

Sources: Credit Agreement (La Quinta Corp)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent Lender shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans Rate Loan for which an interest rate is then being determined for the applicable (as designated by Borrower) 1, 2, 3 or 6-month Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each LenderBorrower.

Appears in 1 contract

Sources: Credit Agreement (Viasource Communications Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest demonstrable error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR LIBO Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Prime Succession Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 11:00 a.m. (New York City time) on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and each Lender.

Appears in 1 contract

Sources: Loan Agreement (Nextcard Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 11:00 A.M. (New York City London time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Company and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Manufacturers Services LTD)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Borrowers and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Bristol Hotels & Resorts Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Eurocurrency Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower the Borrowers and each Lender.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Lincoln Electric Holdings Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest or demonstrable error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender.Fixed

Appears in 1 contract

Sources: Credit Agreement (Safeway Inc)

Determination of Applicable Interest Rate. As soon as practicable after 12:00 Noon 10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR LIBO Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower Company and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Autotote Corp)