Common use of Determination of Interest Rates Clause in Contracts

Determination of Interest Rates. 9.10.1 Each determination by the Administrative Agent from time to time of the Canadian Rate, the US Base Rate, LIBO Rate, any Discount Rate shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. 9.10.2 For the purposes of the Interest Act (Canada): 9.10.2.1 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; 9.10.2.2 the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and 9.10.2.3 the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

Determination of Interest Rates. 9.10.1 Each determination by the Administrative Agent from time to time of the Canadian Rate, the US Base Rate, LIBO RateAdjusted Term SOFR, any Discount Rate shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. 9.10.2 For the purposes of the Interest Act (Canada): 9.10.2.1 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; 9.10.2.2 the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and 9.10.2.3 the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

Determination of Interest Rates. 9.10.1 8.10.1 Each determination by the Administrative Agent from time to time of the Canadian Rate, the US Base Rate, LIBO Rate, any Discount Rate shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. 9.10.2 8.10.2 For the purposes of the Interest Act (Canada): 9.10.2.1 8.10.2.1 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;; ​ ​ 9.10.2.2 8.10.2.2 the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and 9.10.2.3 8.10.2.3 the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

Determination of Interest Rates. 9.10.1 Each determination by the Administrative Agent from time to time of the Canadian Rate, the US Base Rate, LIBO RateRateAdjusted Term SOFR, any Discount Rate shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower and the Lenders. 9.10.2 For the purposes of the Interest Act (Canada): 9.10.2.1 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; 9.10.2.2 the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and 9.10.2.3 the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

Determination of Interest Rates. 9.10.1 7.8.1 Each determination by the Administrative Agent from time to time of the Canadian Prime Rate, the US Base Rate, LIBO RateLIBOR, 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. 9.10.2 7.8.2 For the purposes of the Interest Act (Canada): 9.10.2.1 7.8.2.1 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; 9.10.2.2 7.8.2.2 the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and 9.10.2.3 7.8.2.3 the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.