Common use of Interest Rate Determinations Clause in Contracts

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each Borrower. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 9 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

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Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 8 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 3 contracts

Samples: Credit Agreement (Western Massachusetts Electric Co), Credit Agreement (Northeast Utilities), Credit Agreement (Northeast Utilities System)

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each Borrower. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period, if applicable. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two remaining Reference Banks.

Appears in 2 contracts

Samples: Term Credit Agreement (Northeast Utilities System), Term Credit Agreement (Northeast Utilities System)

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each Borrower. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 2 contracts

Samples: Credit Agreement (Western Massachusetts Electric Co), Credit Agreement (Northeast Utilities System)

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Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Administra-tive Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (North Atlantic Energy Corp /Nh)

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the Eurodollar Rate for any Interest Period, if applicable. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two Reference Banks.

Appears in 1 contract

Samples: Credit Agreement (Public Service Co of New Hampshire)

Interest Rate Determinations. The Administrative Agent shall give prompt notice to the Borrowers Borrower and the Lenders of the Applicable Rate determined deter- mined from time to time by the Administrative Agent for each Contract Advance for each BorrowerAdvance. Each Reference Bank agrees to furnish to the Administrative Agent timely information informa- tion for the purpose of determining the Eurodollar Rate for any Interest Period. If any one Reference Bank shall not furnish such timely information, the Administrative Agent shall determine such interest rate on the basis of the timely information furnished by the other two remaining Reference Banks.

Appears in 1 contract

Samples: Term Credit Agreement (North Atlantic Energy Corp /Nh)

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