Interest Rate; Commitment Fees, Etc Clause Samples

Interest Rate; Commitment Fees, Etc. (a) Rates. The terms "Base Rate" and "LIBOR", as each such term is defined in and determined under the USI Credit Agreement, and the term "Reference Rate", as such term is defined in and determined under the Rexair Credit Agreement (collectively, the "Restated Rates"), shall supercede and replace the defined terms having the same or similar meanings under each of the other Credit Documents, and the interest rates and fees as determined pursuant to this Section 3.02 shall apply to all Loans, Letters of Credit and other Obligations of the Obligors under each Bank Facility, replacing and superseding all like rates and fees (which, in each case, shall hereafter cease to be of further force or effect). As of the Effective Date, IBOR Loans, as defined in the 5-Year Credit Agreement and the Rexair Credit Agreement, and Negotiated Rate Loans and Bid Borrowings, as defined in the 5-Year Credit Agreement, shall not be permitted.