Common use of Inability to Determine Rates Etc Clause in Contracts

Inability to Determine Rates Etc. (a) (i) If with respect to any Interest Period, the Administrative Agent determines (which determination shall be binding and conclusive on the Borrowers) that by reason of circumstances affecting the interbank Eurodollar market adequate and reasonable means do not exist for ascertaining the applicable Eurodollar Rate; or

Appears in 2 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)

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Inability to Determine Rates Etc. (a) (i) If with respect to any Interest Period, the Administrative Agent determines (which determination shall be binding and conclusive on the BorrowersCompany) that by reason of circumstances affecting the interbank Eurodollar market adequate and reasonable means do not exist for ascertaining the applicable Eurodollar Rate; or

Appears in 2 contracts

Samples: Credit Agreement (Regal Rexnord Corp), Credit Agreement (Rexnord Corp)

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