Common use of Determination of Rates Clause in Contracts

Determination of Rates. Promptly after the determination of any interest rate provided for herein or any change therein, the Agent shall notify the Lenders to which such interest is payable and the Borrower thereof. Each determination by the Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.

Appears in 13 contracts

Samples: Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Arena Resources Inc), Credit Agreement (Crimson Exploration Inc.)

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Determination of Rates. Promptly after the determination of any interest rate provided for herein or any change therein, the Agent shall notify the Lenders to which such interest is payable and the Borrower Borrowers thereof. Each determination by the Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.

Appears in 1 contract

Samples: Credit Agreement (Kelley Oil & Gas Corp)

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