Common use of Rate Determination Conclusive Clause in Contracts

Rate Determination Conclusive. The applicable Interest Rate for each Interest Period with respect to each Loan shall be determined by the Administrative Agent and shall be conclusive and, subject to Section 3.03 hereof, binding upon the parties hereto, in the absence of manifest error. The Administrative Agent shall, at the request in writing of the Company or any Bank, deliver to the Company or such Bank a statement showing the computations used by the Administrative Agent in determining any Interest Rate in respect of the Loans payable by the Company.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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Rate Determination Conclusive. The applicable Interest Rate for each Interest Period or other period with respect to each Term Loan shall be determined by the Administrative Agent and shall be conclusive and, subject to Section 3.03 hereofand Section 3.06, binding upon the parties hereto, in the absence of manifest error. The Administrative Agent shall, at the request in writing of the Company or any Bank, deliver to the Company or such Bank a statement showing the computations used by the Administrative Agent in determining any Interest Rate in respect of the Term Loans payable by the Company.

Appears in 1 contract

Samples: Term Loan Agreement (Occidental Petroleum Corp /De/)

Rate Determination Conclusive. The applicable Interest Rate for each Interest Period with respect to each Loan shall be determined by the Administrative Agent and shall be conclusive and, subject to Section 3.03 hereof3.03, binding upon the parties hereto, in the absence of manifest error. The Administrative Agent shall, at the request in writing of the Company or any Bank, deliver to the Company or such Bank a statement showing the computations used by the Administrative Agent in determining any Interest Rate in respect of the Loans payable by the Company.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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Rate Determination Conclusive. The applicable Interest Rate for each Interest Period with respect to each Loan (other than any Fixed Rate Loan) shall be determined by the Administrative Agent and shall be conclusive and, subject to Section 3.03 and Section 4.03 hereof, binding upon the parties hereto, in the absence of manifest error. The Administrative Agent shall, at the request in writing of the Company or any Bank, deliver to the Company or such Bank a statement showing the computations used by the Administrative Agent in determining any Interest Rate in respect of the Loans payable by the Company. ARTICLE IV REDUCTION, TERMINATION OR EXTENSION OF THE REVOLVING CREDIT COMMITMENTS AND PREPAYMENTS SECTION 4.01.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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