AGENT'S DETERMINATION. The Agent shall determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt written notice to the Borrower and the Lenders of each rate of interest so determined (and, in respect of the Prime Rate, any change thereof); provided, however that the failure of the Agent to give such notice shall in no way affect the validity or applicability of any such determination or change. The Agent's determinations under this Section 2.05(c) shall be conclusive and binding, absent manifest error.
Appears in 1 contract
Samples: Credit Agreement (Hooper Holmes Inc)
AGENT'S DETERMINATION. The Agent shall determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt written notice to the Borrower and the Lenders of each rate of interest so determined (and, in respect of the Prime Rate, and the Applicable Margins, any change or adjustment thereof); provided, however that the failure of the Agent to give such notice shall in no way affect the validity or applicability of any such determination determination, change or changeadjustment. The Agent's determinations under this Section 2.05(c2.07(c) shall be conclusive and binding, absent manifest error.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Hooper Holmes Inc)
AGENT'S DETERMINATION. The Agent shall determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt written notice to the Borrower Borrowers and the Lenders of each rate of interest so determined (and, in respect of the Prime Base Rate, and the Applicable Margins, any change or adjustment thereof); provided, however that the failure of the Agent to give such notice shall in no way affect the validity or applicability of any such determination determination, change or changeadjustment. The Agent's ’s determinations under this Section 2.05(c2.07(c) shall be conclusive and binding, absent manifest error.
Appears in 1 contract
Samples: Revolving Credit Agreement (TRC Companies Inc /De/)
AGENT'S DETERMINATION. The Agent shall determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt written notice to the Borrower and the Lenders of each rate of interest so determined (and, in respect of the Prime Base Rate, any change thereof); providedPROVIDED, however HOWEVER that the failure of the Agent to give such notice shall in no way affect the validity or applicability of any such determination or change. The Agent's determinations under this Section 2.05(c) shall be conclusive and binding, absent manifest error.
Appears in 1 contract
Samples: Credit Agreement (Hooper Holmes Inc)
AGENT'S DETERMINATION. The Agent shall determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt written notice to the Borrower Borrowers and the Lenders of each rate of interest so determined (and, in respect of the Prime Base Rate, and the Applicable Margins, any change or adjustment thereof); providedPROVIDED, however HOWEVER that the failure of the Agent to give such notice shall in no way affect the validity or applicability of any such determination determination, change or changeadjustment. The Agent's determinations under this Section 2.05(c2.07(c) shall be conclusive and binding, absent manifest error.
Appears in 1 contract
Samples: Revolving Credit Agreement (TRC Companies Inc /De/)