Administrative Agent’s Determination. (a) The Administrative Agent shall determine the amount of interest payable on each Tranche, and its determination shall be conclusive in the absence of manifest error. The Administrative Agent shall endeavor to notify the Company of the amount of any interest payment prior to the date on which an interest payment is due: provided that the failure of the Administrative Agent to provide such notice shall not affect the Companies' obligation to pay interest on such date.
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Samples: Credit and Term Loan Agreement (Tidewater Inc), Term Loan Agreement (Tidewater Inc), Credit and Term Loan Agreement (Tidewater Inc)
Administrative Agent’s Determination. (a) The Administrative Agent ------------------------------------ shall determine the amount of interest payable on each Tranche, and its determination shall be conclusive in the absence of manifest error. The Administrative Agent shall endeavor to notify the Company of the amount of any interest payment prior to the date on which an interest payment is due: provided -------- that the failure of the Administrative Agent to provide such notice shall not affect the Companies' obligation to pay interest on such date.
Appears in 1 contract
Administrative Agent’s Determination. (a) The Administrative Agent shall determine the amount of interest payable on each Tranche, and its determination shall be conclusive in the absence of manifest error. The Administrative Agent shall endeavor to notify the Company of the amount of any interest payment prior to the date on which an interest payment is due: provided that the failure of the Administrative Agent to provide such notice shall not affect the Companies' ’ obligation to pay interest on such date.
Appears in 1 contract
