Common use of LIBOR Rate Determination Clause in Contracts

LIBOR Rate Determination. The applicable LIBOR Rate for each Interest Period shall be determined by Administrative Agent, and notice thereof shall be given by Administrative Agent promptly to the Representative. Each determination of the applicable LIBOR Rate by Administrative Agent shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Administrative Agent shall, upon written request of the Representative, deliver to the Representative a statement showing the computations used by Administrative Agent in determining any applicable LIBOR Rate hereunder.

LIBOR Rate Determination. The applicable LIBOR Rate for each Interest Period shall be determined by Administrative AgentLender, and notice thereof shall be given by Administrative Agent Lender promptly to the Representative. Each determination of the applicable LIBOR Rate by Administrative Agent Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Administrative Agent Lender Table of Contents shall, upon written request of the Representative, deliver to the Representative a statement showing the computations used by Administrative Agent Lender in determining any applicable LIBOR Rate hereunder.