Common use of Determination of Interest Rate Clause in Contracts

Determination of Interest Rate. As soon as is practicable after 11:00 a.m. (Central time) on the Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and to each Lender.

Appears in 3 contracts

Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (Nn Inc), Credit Agreement (America Service Group Inc /De)

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Determination of Interest Rate. As soon as is practicable after 11:00 a.m. (Central time) on the LIBOR Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all partiespresumptively correct) the interest rate that which shall apply to the LIBOR such Loans for which an interest rate is then being determined for the applicable such Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writingtelephone) to the Borrower and to each LenderBorrower.

Appears in 2 contracts

Samples: Secured Credit Agreement (Gibraltar Packaging Group Inc), Secured Credit Agreement (Irwin Naturals 4 Health)

Determination of Interest Rate. As soon as is practicable after 11:00 a.m. 12:00 noon (Central Eastern time) on the Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and to each Lender.

Appears in 2 contracts

Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)

Determination of Interest Rate. As soon as is practicable after 11:00 a.m. (Central Eastern time) on the Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and to each Lender.

Appears in 2 contracts

Samples: Credit Agreement (Cti Inc /Tn), Credit Agreement (Cti Molecular Imaging Inc)

Determination of Interest Rate. As soon as is practicable after 11:00 a.m. (Central time) on the Interest Rate Determination Date, the Administrative Agent or the Euro Loan Agent, as applicable, shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the applicable Borrower and to each Lender.

Appears in 1 contract

Samples: Credit Agreement (Nn Inc)

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Determination of Interest Rate. As soon as is practicable after 11:00 a.m. noon ------------------------------ (Central New York time) on the each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and to each LenderLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Determination of Interest Rate. As soon as is practicable after 11:00 a.m. noon (Central New York time) on the each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR LIBO Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower applicable Borrower(s) and to each LenderLenders.

Appears in 1 contract

Samples: Loan Agreement (North Face Inc)

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