Determination of Funding Rate. (a) The Agent must notify the Financier and the Borrower of the Funding Rate for an Interest Period as soon as reasonably practicable, and in any event within 2 Business Days, after it has made its determination of LIBOR. (b) In the absence of manifest error, each determination of LIBOR by the Agent is conclusive evidence of that rate against the Borrower.
Appears in 5 contracts
Samples: Facility Agreement (Bullfrog Gold Corp.), Facility Agreement (Apollo Gold Corp), Facility Agreement (Apollo Gold Corp)
Determination of Funding Rate. (a) The Agent must notify the each Financier and the Borrower of the Funding Rate for an Interest Period as soon as reasonably practicable, and in any event within 2 Business Days, after it has made its determination of LIBOR.
(b) In the absence of manifest error, each determination of LIBOR by the Agent is conclusive evidence of that rate against the Borrower.
Appears in 2 contracts
Samples: Project Facility Agreement (Apollo Gold Corp), Bridge Facility Agreement (Apollo Gold Corp)
Determination of Funding Rate. (a) The Agent must notify the Financier and the Borrower of the Funding Rate for an Interest Period as soon as reasonably practicable, and in any event within no later than 2 Business Days, Days after it has made its determination of LIBOR.
(b) In the absence of manifest error, each determination of LIBOR by the Agent is conclusive evidence of that rate against the Borrower.
Appears in 1 contract
Samples: Facility Agreement (Solitario Exploration & Royalty Corp.)
