Common use of AGENT'S DETERMINATION Clause in Contracts

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, change or adjustment. The Agent's determinations under this Section 2.07(c) shall be conclusive and binding, absent manifest error.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hooper Holmes Inc)

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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, change determination or adjustmentchange. The Agent's determinations under this Section 2.07(c2.05(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, change or adjustment. The Agent's determinations under this Section 2.07(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 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, change or adjustment. The Agent's ’s determinations under this Section 2.07(c) shall be conclusive and binding, absent manifest error.

Appears in 1 contract

Samples: Revolving Credit Agreement (TRC Companies Inc /De/)

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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, 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, change determination or adjustmentchange. The Agent's determinations under this Section 2.07(c2.05(c) shall be conclusive and binding, absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Hooper Holmes Inc)

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