Common use of Information as to Interest Rates Clause in Contracts

Information as to Interest Rates. The Administrative Agent upon determining the interest rate for any Borrowing shall promptly notify the Borrower and the Lenders thereof. If the Administrative Agent is unable to determine the Eurocurrency Rate for any Borrowing of Eurocurrency Loans based on the quotation service referred to in clause (i) of the definition of the term Eurocurrency Rate, it will promptly so notify the Reference Banks and each Reference Bank will furnish the Administrative Agent timely information for the purpose of determining the Eurocurrency Rate for such Borrowing. If any one or more of the Reference Banks shall not timely furnish such information, the Administrative Agent shall determine the Eurocurrency Rate for such Borrowing on the basis of timely information furnished by the remaining Reference Banks.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc), Revolving Credit Agreement (Om Group Inc), Revolving Credit Agreement (Om Group Inc)

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Information as to Interest Rates. The Administrative Agent upon determining the interest rate for any Borrowing shall promptly notify the Borrower and the affected Lenders thereof. If the Administrative Agent is unable to determine the Eurocurrency Adjusted Eurodollar Rate for any Borrowing of Eurocurrency Eurodollar Loans based on by reference to the quotation Telerate screen or other information provided by a service organization referred to in clause (i) of the definition of the term Eurocurrency Adjusted Eurodollar Rate, it will promptly so notify the Reference Banks and then each Reference Bank will agrees to furnish the Administrative Agent timely information for the purpose of determining the Eurocurrency Adjusted Eurodollar Rate for any such Borrowing. If any one or more of the Reference Banks shall not timely furnish such information, the Administrative Agent shall determine the Eurocurrency Adjusted Eurodollar Rate for such Borrowing on the basis of timely information furnished by the remaining Reference Banks.

Appears in 1 contract

Samples: Credit Agreement (Lesco Inc/Oh)

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Information as to Interest Rates. The Administrative Agent upon determining the interest rate for any Borrowing shall promptly notify the Borrower Borrowers and the affected Lenders thereof. If the Administrative Agent is unable to determine the Eurocurrency Adjusted Eurodollar Rate for any Borrowing of Eurocurrency Eurodollar Loans based on by reference to the quotation Telerate Screen or other information provided by a service organization referred to in clause (i) of the definition of the term Eurocurrency Adjusted Eurodollar Rate, it will promptly so notify the Reference Banks and then each Reference Bank will agrees to furnish the Administrative Agent timely information for the purpose of determining the Eurocurrency Adjusted Eurodollar Rate for any such Borrowing. If any one or more of the Reference Banks shall not timely furnish such information, the Administrative Agent shall determine the Eurocurrency Adjusted Eurodollar Rate for such Borrowing on the basis of timely information furnished by the remaining Reference Banks.

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

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