Interest Rate Changes. Borrower acknowledges that, under the existing definition of “LIBOR Rate” contained in Section 1.1 of the Loan Agreement, from and after June 1, 2010, the LIBOR Rate can never be less than 5.90% per annum (the “Floor Rate”). Notwithstanding the foregoing, so long as (and only so long as) a Swap Contract (approved by Agent in its sole discretion) that provides only for an interest rate swap (but not an interest rate cap) is in place with respect to all or any portion of the Loans, the portion of the Loans that is subject to such Swap Contract (i.e., the amount of the Loans equal to the notional amount of the Swap Contract) shall not be subject to the Floor Rate (i.e., the effective LIBOR Rate may be less than the Floor Rate with respect to the portion of the Loans that is subject to such Swap Contract). For purposes of clarification, the immediately preceding sentence shall not apply with respect to any Swap Contract that provides for an interest rate cap. Immediately upon the expiration or cancellation of such Swap Contract, however, the portion of the Loans that is no longer subject to such Swap Contract shall again be subject to the Floor Rate. For purposes of clarification, at any particular time, the entire outstanding principal amount of the Loans that is not subject to a Swap Contract approved by Agent as aforesaid shall be subject to the Floor Rate. Borrower’s rights to receive payments on Swap Contracts will be encumbered by the Amended and Restated Deed of Trust, pursuant to the terms thereof. Further, Agent shall have the right, following the occurrence of any Event of Default, to apply any and all payments made by Borrower or otherwise received by Agent and/or Lenders with respect to the Loans and any Swap Contracts, including without limitation all proceeds received from the sale or liquidation of any collateral, to the obligations owing by Borrower under the Loan Documents and Swap Contracts in such order and manner as is deemed appropriate by Agent in its sole discretion, and Borrower acknowledges and agrees that it shall have no right to direct Agent as to such application or to designate the portion of the obligation to be satisfied (and Borrower waives any rights it may have under applicable law or otherwise to do so).
Interest Rate Changes. Each change in the Term Loan Interest Rate shall be effective on the effective date of the change in LIBOR. Agent shall use its best efforts to give Borrower prompt notice of any such change; provided, however, that any failure by Agent to provide Borrower with notice hereunder shall not affect Agent’s right to make changes in the applicable interest rate.
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease. • Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.
Interest Rate Changes. The redemp- tion of a class of regular interests un- dertaken to profit from a change in in- terest rates is not a clean-up call.
Interest Rate Changes. Each change in the Term Loan Interest Rate shall be effective on the effective date of the change in the LIBOR Rate, provided however, that Borrower shall not be responsible for paying any increased amount until either Administrative Agent or Collateral Agent has notified Borrower of the change. Administrative Agent shall use its best efforts to give Borrower prompt notice of any such change; provided, however, that any failure by Administrative Agent to provide Borrower with notice hereunder shall not affect its right to make changes in the Term Loan Interest Rate. Credit Agreement – Domo, Inc.
Interest Rate Changes. 5.1 We may change interest rates (except fixed rates). This includes changing the way they are charged or calculated, or introducing different rates for different types of Transaction or different types of rate. The new rates apply to Transactions and to your outstanding balance from the date the rate changes. The APR does not take these variations into account. These changes may be personal to you and based on a number of factors such as increased or decreased credit risk (for example, there will be an increased credit risk if you have regularly failed to comply with important obligations to us) and the way you use your account (for example, we may reduce the number of days between the statement date and the payment date if you always pay off your balance in full).
5.2 We will give you at least 60 days notice of an increase in your interest rates. If we increase your interest rate you may notify us before the change takes effect that you want to close your account and repay your balance at the existing interest rate. If you do so, you must stop making any Transactions, return all Cards and Cheques (cut in half) and cancel instructions or authorities you have given others to charge your account. This agreement will continue until you have repaid all amounts you owe us. If we decrease your interest rates we will let you know before the change takes effect.
Interest Rate Changes. Platform and/or Bank has the right to change the interest rate and Annual Percentage Yield (APY) at any time and at Platform and/or Bank’s sole discretion. There is no limit to the frequency of interest rate changes.
Interest Rate Changes. Any change in the Default Rate of Interest or the Interest Rate resulting from a change in the Prime Rate shall be effective on the effective date of the change in the Prime Rate. The Default Rate of Interest shall be computed on the basis of the actual number of days elapsed over a year of 360 days.
Interest Rate Changes. Interest rates are established at the time of application and are based on your credit score. Cardholders may apply to lower their interest rates if they feel their score has improved, but not more than every 6 months. Otherwise, interest rates will remain in effect and can only be changed with a 45-day notice. If the interest rates change, balances as of the change date would remain at the old rate, and transactions going forward would be at the new rate. Any amount that would be paid over the minimum payment amount would be applied to the balance with the higher interest rate.
Interest Rate Changes. Each change in the Term Loan Interest Rate shall be effective on the effective date of the change in the LIBOR Rate, provided however, that Borrower shall not be responsible for paying any increased amount until either Administrative Agent or Collateral Agent has notified Borrower of the change. Administrative Agent shall use its best efforts to give Borrower prompt notice of any such change; provided, however, that any failureDetermination. The applicable Prime Rate or Adjusted Term SOFR for each Interest Period or day within an Interest Period, as the case may be, shall be determined by Administrative Agent to provide Borrower with notice hereunder shall not affect its right to make changes in the Term Loan Interest Rate, and such determination shall be conclusive absent manifest error.
