Common use of Determination of Applicable Interest Rate Clause in Contracts

Determination of Applicable Interest Rate. As soon as practicable after 10:00 A.M. (New York, New York time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be 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

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

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Determination of Applicable Interest Rate. As soon as practicable after 10:00 A.M. (New YorkBoston, New York 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 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

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

Determination of Applicable Interest Rate. As soon as practicable after 10:00 11:00 A.M. (New York, New York 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

Samples: 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 10:00 11:00 A.M. (New York, New York London time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be 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 Company and each Lender.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

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Determination of Applicable Interest Rate. As soon as practicable after 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 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

Samples: Credit and Guaranty Agreement (Prime Succession Inc)

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