Common use of LIBOR Notification Clause in Contracts

LIBOR Notification. The Pricing Rate with respect to the LIBOR Rate Tranche is determined by reference to LIBOR. Section 6.7(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 6.7(b) and (b) modifying this Agreement to give effect to such alternative Pricing Rate. The 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 Pricing 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 6.7(b), will have the same value as, or be economically equivalent to, LIBOR.

Appears in 1 contract

Samples: Master Repurchase Agreement (MDC Holdings Inc)

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LIBOR Notification. The Pricing Rate with respect to interest rate on the LIBOR Rate Tranche Tranches is determined by reference to the LIBOR Rate, which is derived from LIBOR. Section 6.7(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 6.7(b) and (b) modifying this Agreement to give effect to such alternative Pricing Raterate 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 Pricing LIBOR 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 6.7(b), will have the same value as, or be economically equivalent to, LIBORthe LIBOR Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (Horton D R Inc /De/)

LIBOR Notification. The Pricing Rate with respect to the interest rate on LIBOR Rate Tranche Advances is determined by reference to the LIBOR Rate, which is derived from LIBOR. Section 6.7(b5.3(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 6.7(b) 5.3(b), and (b) modifying this Agreement to give effect to such alternative Pricing Raterate of interest. The 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 Pricing Rate, LIBOR 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 6.7(b5.3(b), will have the same value as, or be economically equivalent to, LIBORthe LIBOR Rate.

Appears in 1 contract

Samples: Credit Agreement (Graco Inc)

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LIBOR Notification. The Pricing Rate with respect to the interest rate on LIBOR Rate Tranche Tranches is determined by reference to the LIBOR Rate, which is derived from LIBOR. Section 6.7(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 6.7(b) ), and (b) modifying this Agreement to give effect to such alternative Pricing Raterate 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 Pricing Rate, LIBOR 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 6.7(b), will have the same value as, or be economically equivalent to, LIBORthe LIBOR Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (Horton D R Inc /De/)

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