Determination of Rate. Administrative Agent shall determine the interest rate applicable to each Borrowing hereunder, and shall, upon request, give notice to the applicable Borrower and to the Lenders of each rate of interest so determined, and its determination thereof shall be conclusive and binding absent manifest or demonstrable error.
Determination of Rate. The weighted av- erage interest rate for a computation period is determined by dividing inter- est incurred on nontraced debt during the period by average nontraced debt for the period.
Determination of Rate. We may change the APY and corresponding interest rate at our discretion. The rate is not tied to an index.
Determination of Rate. Notwithstanding any provision of this Agreement to the contrary, each Lender shall be entitled to fund and maintain its funding of all or any part of the Loans in any manner it elects; it being understood, however, that with respect to Eurocurrency Loans, all determinations hereunder shall be made as if each Lender had actually funded and maintained such Loans through the purchase of deposits in the London interbank eurodollar market.
Determination of Rate. Each change in the rate of interest for any Advance shall become effective, without prior notice to Borrower, automatically as of the opening of business of Lender on the date of said change. Lender shall promptly notify Borrower of the interest rate applicable to LIBOR Advances upon determination of such interest rate. The determination of the LIBOR Rate by Lender shall be conclusive in the absence of manifest error. At any time that Prime Rate Advances are outstanding, Lender shall notify Borrower of any change in Lender’s Prime Rate promptly following the public announcement of such change.
Determination of Rate. At our discretion, we may change the interest rate on your account. Interest will be compounded on an Actual/365 basis monthly. Interest will be credited to your account on an Actual/365 basis every month.
Determination of Rate. Each change in the rate of interest for any Borrowing shall become effective, without prior notice to the applicable Borrower, automatically as of the opening of business of the Administrative Agent on the date of said change. The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for RFR Rate Loans upon determination of such interest rate. The determination of the RFR by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Alternate Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in the Prime Rate used in determining the Alternate Base Rate promptly following the public announcement of such change.
Determination of Rate. Each change in the rate of interest for any Borrowing shall become effective, without prior notice to the Borrower Parties, automatically as of the opening of business of Administrative Agent on the date of said change. Administrative Agent shall promptly notify Borrower and the Lenders of the interest rate applicable to any Interest Period for LIBOR Rate Loans upon determination of such interest rate. The determination of the LIBOR Rate by Administrative Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, to the extent applicable, Administrative Agent shall notify Borrower and the Lenders of any change in SMBC’s Prime Rate used in determining the Base Rate promptly following the public announcement of such change.
Determination of Rate. Each change in the rate of interest for any Borrowing shall become effective, without prior notice to Borrower, automatically as of the opening of business of Administrative Agent on the date of said change. Administrative Agent shall promptly notify Borrower and Lenders of the interest rate applicable to any Interest Period for LIBOR Loans upon determination of such interest rate. The determination of the LIBOR by Administrative Agent shall be conclusive in the absence of demonstrable error. At any time that Prime Rate Loans are outstanding, Administrative Agent shall notify Borrower and Lenders of any change in the Prime Rate promptly following the public announcement of such change.
Determination of Rate. Each change in the rate of interest for any Borrowing consisting of Alternate Base Rate Loans shall become effective, without prior notice to any Loan Party, automatically as of the opening of business of the Administrative Agent on the date of said change. Interest on the unpaid principal balance of (i) each Term SOFR Loan and Alternate Base Rate Loan bearing interest based off SOFR shall be calculated on the basis of the actual days elapsed in a year consisting of three hundred sixty (360) days and (ii) each Alternate Base Rate Loan (other than when the Alternate Base Rate is calculated based off SOFR) shall be calculated on the basis of the actual days elapsed in a year consisting of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be.
