Common use of Quotation of Rates Clause in Contracts

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.

Appears in 2 contracts

Samples: Term Loan Agreement (Williams Companies Inc), Term Loan Agreement (Williams Companies Inc)

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Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer employee of the Company Borrower may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Facility A Lenders nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.

Appears in 1 contract

Samples: Facility a Revolving Credit Agreement (Worldcom Inc /Ga/)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company Borrower may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Facility A Lenders nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.

Appears in 1 contract

Samples: Revolving Credit Agreement (Worldcom Inc /Ga/)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer employee of the Company Borrower may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.. AMENDED AND RESTATED 364-DAY REVOLVING CREDIT AND TERM LOAN AGREEMENT

Appears in 1 contract

Samples: 364 Day Revolving Credit and Term Loan Agreement (Mci Worldcom Inc)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other an appropriately designated officer of the Company may call Administrative Agent on or before the date on which a Conversion Notice of Borrowing is to be delivered by the Company Borrowers in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders Holders nor affect the rate of interest which thereafter is actually in effect when the Borrowing Notice of is given or on the Borrowing is givenDate.

Appears in 1 contract

Samples: Term Loan and Note Purchase Agreement (Sun Healthcare Group Inc)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company Borrower may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Facility B Lenders nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Worldcom Inc /Ga/)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company Borrower may call Administrative Agent on or before the date on which a Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders Banks nor affect the rate of interest which thereafter is actually in effect when the Notice of Borrowing is given.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southdown Inc)

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Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company Restricted Borrowers may call Administrative Agent on or before the date on which a Borrowing Notice of Borrowing is to be delivered by the Company Restricted Borrowers in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders nor affect the rate of interest which thereafter is actually in effect when the Borrowing Notice of is given or on the Borrowing is givenDate.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Quotation of Rates. It is hereby acknowledged that a Responsible Officer or other appropriately designated officer of the Company Borrowers may call the Administrative Agent on or before the date on which a Borrowing Notice of Borrowing is to be delivered by the Company Borrowers in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the Borrowing Notice of is given or on the Borrowing is givenDate.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Quotation of Rates. It is hereby acknowledged that a Responsible ------------------ Officer or other appropriately designated officer of the Company Borrower may call Administrative Agent on or before the date on which a Borrowing Notice of Borrowing is to be delivered by the Company Borrower in order to receive an indication of the rates then in effect, but such indicated rates shall neither be binding upon Administrative Agent or Lenders nor affect the rate of interest which thereafter is actually in effect when the Borrowing Notice of is given or on the Borrowing is givenDate.

Appears in 1 contract

Samples: Revolving and Term Loan Credit Agreement (Azz Inc)

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