Common use of Interest Rate Determination and Protection Clause in Contracts

Interest Rate Determination and Protection. (a) The Administrative Agent shall give prompt notice to the Parent and the Banks of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.05(b).

Appears in 5 contracts

Samples: Credit Agreement (Ensco PLC), Credit Agreement (Ensco PLC), Credit Agreement (Ensco International Inc)

AutoNDA by SimpleDocs

Interest Rate Determination and Protection. (a) A. The Administrative Agent shall give prompt notice to the Parent Borrowers and the Banks Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.05(b)2.7.

Appears in 1 contract

Samples: Credit Agreement (Mac Frugals Bargains Close Outs Inc)

Interest Rate Determination and Protection. (a) The Administrative Agent shall give prompt notice to the Parent Borrower and the Banks Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.05(b3.05(b).

Appears in 1 contract

Samples: Credit Agreement (Unisource Energy Corp)

Interest Rate Determination and Protection. (a) The Administrative Agent shall give prompt notice to the Parent and the Banks of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.05(b).

Appears in 1 contract

Samples: Credit Agreement (Ensco PLC)

AutoNDA by SimpleDocs

Interest Rate Determination and Protection. (a) The Administrative Agent shall give prompt notice to the Parent Parent, EII, and the Banks of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.05(b).. -22-

Appears in 1 contract

Samples: Credit Agreement (Ensco PLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!