Common use of Notification of Rate Clause in Contracts

Notification of Rate. Agent, upon determining in accordance herewith the interest rate for any Borrowing of Eurodollar Loans for any Interest Period, shall promptly notify Borrower and the Lenders thereof. Such determination shall, absent demonstrable error and subject to SECTION 3.6, be final, conclusive and binding upon all parties hereto.

Appears in 2 contracts

Samples: Credit Agreement (BMC Industries Inc/Mn/), Credit Agreement (BMC Industries Inc/Mn/)

AutoNDA by SimpleDocs

Notification of Rate. Administrative Agent, upon determining in accordance herewith the interest rate for any Borrowing Tranche of Eurodollar Loans for any Interest Period, shall promptly notify Borrower and the applicable Lenders thereof. Such determination shall, absent demonstrable manifest error and subject to SECTION 3.63.5, be final, conclusive and binding upon all parties hereto.

Appears in 1 contract

Samples: Credit Agreement (Huntsman Polymers Corp)

AutoNDA by SimpleDocs

Notification of Rate. Administrative Agent, upon determining in accordance herewith the interest rate for any Borrowing of Eurodollar Eurocurrency Loans for any Interest Period, shall promptly notify Borrower and the Lenders thereof. Such determination shall, absent demonstrable manifest error and subject to SECTION 3.6, be final, conclusive and binding upon all parties hereto.

Appears in 1 contract

Samples: Credit Agreement (Noveon Inc)

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