Common use of Interest Rate Determinations Clause in Contracts

Interest Rate Determinations. (a) Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks.

Appears in 4 contracts

Samples: Credit Agreement (Marriott International Inc /Md/), Credit Agreement (New Marriott Mi Inc), Credit Agreement (Marriott International Inc /Md/)

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Interest Rate Determinations. (a) Each Reference Bank agrees agrees, upon the request of the Administrative Agent, to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Eurodollar Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference BanksBanks (subject to the provisions set forth in the definition of “Eurodollar Rate” in Section 1.01 and to clause (c) below).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Cna Financial Corp), Credit Agreement (Cna Financial Corp), Credit Agreement (Nasdaq Stock Market Inc)

Interest Rate Determinations. (a) Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Eurodollar Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such Credit Agreement ---------------- interest rate on the basis of timely information furnished by the remaining Reference Banks.

Appears in 2 contracts

Samples: Credit Agreement (Marriott International Inc), Credit Agreement (Renaissance Hotel Group N V)

Interest Rate Determinations. (a) Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Rate and the Swing Loan Lender agrees to furnish to the Administrative Agent timely information for the purpose of determining, the Swing Loan Base Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks.

Appears in 2 contracts

Samples: Credit Agreement (FMC Corp), Credit Agreement (FMC Corp)

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Interest Rate Determinations. (a) Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Eurodollar Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc)

Interest Rate Determinations. (a) Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurocurrency Rate, the Sterling Swing Loan Rate, the Euro Swing Loan Rate and the Swiss Franc Swing Loan Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining any such interest rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks.

Appears in 1 contract

Samples: Credit Agreement (Marriott International Inc /Md/)

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