Applicable Rate Certificate Clause Samples
The Applicable Rate Certificate clause defines the process and authority for determining and certifying the interest rate or other relevant rate applicable to a financial agreement. Typically, this clause designates a specific party, such as an agent or trustee, responsible for calculating and issuing a certificate that states the current applicable rate for a given period. For example, in a loan agreement, the agent may issue a certificate each interest period confirming the rate based on a benchmark plus a margin. This clause ensures transparency and consistency in rate determination, reducing disputes and providing all parties with a clear, authoritative reference for the applicable rate.
Applicable Rate Certificate. Concurrently with the delivery of each of the financial statements referred to in Section 9.1(b) and within forty-five (45) days after the end of each Fiscal Year of the Borrower, a certificate of the chief financial officer or Vice President, Finance of the Borrower showing in reasonable detail the calculation required for the Agent to determine the Applicable Rate;
Applicable Rate Certificate. Concurrently with the delivery of each of the financial statements referred to in Section 10.1(b) and within forty-five (45) days after the end of each Fiscal Year of Parent, a certificate of the chief financial officer of Parent showing in reasonable detail the calculation required for Agent to determine the Applicable Rate;
Applicable Rate Certificate. An appropriately completed Applicable Rate Certificate signed by an Authorized Signatory of Borrower.
Applicable Rate Certificate. Within 60 days after the end of each fiscal quarter of Borrower commencing with the quarter ending on September 30, 2005, an Applicable Rate Certificate as at the last day of such fiscal quarter.
Applicable Rate Certificate. The Applicable Rate Certificate, dated the Agreement Date, duly completed and signed by the chief financial officer of Borrower.