Determination of Interest Rates. (i) The Agent shall give prompt notice to the Borrower and each other member of the Bank Group of the applicable interest rate determined by the Agent hereunder for each Borrowing. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
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Samples: Credit Agreement (Marine Drilling Companies Inc), Credit Agreement (Abraxas Petroleum Corp), Acquisition Credit Agreement (Costilla Energy Inc)
Determination of Interest Rates. (i) The Administrative Agent shall give prompt notice to the Borrower and each other member of the Bank Group of the applicable interest rate determined by the Administrative Agent hereunder for each Borrowing. Each determination by the Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
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Determination of Interest Rates. The Agent shall (iin accordance with this Agreement) determine each interest rate applicable to the Loans hereunder. The Agent shall give prompt notice to the Borrower and the Lenders by telecopy of each other member rate of the Bank Group of the applicable interest rate determined by the Agent hereunder for each Borrowing. Each so determined, and its determination by the Agent of an interest rate hereunder thereof shall be conclusive and binding for all purposes, absent in the absence of manifest error.
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