Common use of LIBOR Notification Clause in Contracts

LIBOR Notification. The interest rate on Eurodollar Rate Loans is determined by reference to the Eurodollar Base Rate which is derived from LIBOR. Section 3.03(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b) and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Rate.

Appears in 4 contracts

Samples: Assignment and Assumption (TJX Companies Inc /De/), 2024 Revolving Credit Agreement (TJX Companies Inc /De/), 2022 Revolving Credit Agreement (TJX Companies Inc /De/)

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LIBOR Notification. The interest rate on Eurodollar Rate Loans Advances is determined by reference to the Eurodollar Base Rate Rate, which is derived from LIBOR. Section 3.03(b3.3(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b3.3(b) and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b3.3(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

LIBOR Notification. The interest rate on Eurodollar Rate Loans Borrowings is determined by reference to the Eurodollar Base Rate Rate, which is derived from LIBOR. Section 3.03(b2.09(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b2.09(b) and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate Rate, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b2.09(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

LIBOR Notification. The interest rate on Eurodollar Rate Loans Advances is determined by reference to the Eurodollar Base Rate Rate, which is derived from LIBOR. Section 3.03(b3.3(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b) 3.3(b), and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b3.3(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

LIBOR Notification. The interest rate on Eurodollar Rate Loans is determined by reference to the Eurodollar Base Rate Rate, which is derived from LIBOR. Section 3.03(b2.13(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b2.13(b) and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b2.13(b), will have the same value as, or be economically equivalent to, the Eurodollar Eurocurrency Base Rate.

Appears in 1 contract

Samples: Northwestern Corp

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LIBOR Notification. The interest rate on Eurodollar Rate Loans Eurocurrency Borrowings is determined by reference to the Eurodollar Base Rate Eurocurrency Rate, which is derived from LIBOR. Section 3.03(b3.3(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b3.3(b) and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent Lender does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Eurocurrency Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, limitation whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b3.3(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Eurocurrency Rate.

Appears in 1 contract

Samples: Credit Agreement (Piper Sandler Companies)

LIBOR Notification. The interest rate on Eurodollar Rate Loans Eurocurrency Advances is determined by reference to the Eurodollar Eurocurrency Base Rate Rate, which is derived from LIBOR. Section 3.03(b3.3(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b) 3.3(b), and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Designated Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Eurocurrency Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b3.3(b), will have the same value as, or be economically equivalent to, the Eurodollar Eurocurrency Base Rate.

Appears in 1 contract

Samples: Credit Agreement (M.D.C. Holdings, Inc.)

LIBOR Notification. The interest rate on Eurodollar Rate Loans is determined by reference to the Eurodollar Base Rate Rate, which is derived from LIBOR. Section 3.03(b2.10(b) provides a mechanism for (a) determining an alternative rate of interest if LIBOR is no longer available or in the other circumstances set forth in Section 3.03(b) 2.10(b), and (b) modifying this Agreement to give effect to such alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition of Eurodollar Base Rate or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 3.03(b2.10(b), will have the same value as, or be economically equivalent to, the Eurodollar Base Rate.

Appears in 1 contract

Samples: Day Term Loan Agreement (Xcel Energy Inc)

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