Determination of Interest Rates 7. 9.1 Each determination by the Agent from time to time of the Prime Rate, the US Base Rate, Term SOFR, Adjusted Term SOFR, Term XXXXX, Adjusted Term XXXXX, Daily Compounded XXXXX, Adjusted Daily Compounded XXXXX and any Applicable Margin shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. In connection with the use or administration of Term SOFR, Daily Compounded XXXXX or Term XXXXX, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR, Daily Compounded XXXXX or Term XXXXX. 7.9.2 For the purposes of the Interest Act (Canada): 7.9.2.1 whenever any interest or fee under this Agreement is calculated using a rate based on a year of 360 days or 365 (or 366 in a leap year) days, such rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (a) the applicable rate based on a year of 360 days or 365 (or 366 in a leap year) days, as the case may be, (b) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and (c) divided by 360 or 365 (or 366 in a leap year) as the case may be;
Determination of Interest Rates 7. 8.1 Each determination by the Agent from time to time of the Prime Rate, the US Base Rate, LIBOR, any Discount Rate and any Applicable Margin shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. 7.8.2 For the purposes of the Interest Act (Canada):
