Common use of Setting and Notice of LIBO Rates Clause in Contracts

Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by the Administrative Agent, and notice thereof shall be given by the Administrative Agent promptly to the Borrowers and each Lender. Each determination of the applicable LIBO Rate by the Administrative Agent shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Administrative Agent shall, upon written request of any Borrower or any Lender, deliver to such Borrower or such Lender a statement showing the computations used by the Administrative Agent in determining any applicable LIBO Rate hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Landauer Inc), Credit Agreement (Landauer Inc)

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Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by the Administrative AgentAgent in accordance with the terms of this Agreement, and notice thereof shall be given by the Administrative Agent promptly to the Borrowers and each Lender. Each determination of the applicable LIBO Rate by the Administrative Agent shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Administrative Agent shall, upon written request of any Representative Borrower or any Lender, deliver to such Representative Borrower or such Lender a statement showing the computations used by the Administrative Agent in determining any applicable LIBO Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (DST Systems Inc)

Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by the Administrative Agent, and notice thereof shall be given by the Administrative Agent promptly to the Borrowers Borrower and each Lender. Each determination of the applicable LIBO Rate by the Administrative Agent shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Administrative Agent shall, upon written request of any Borrower or any Lender, deliver to such Borrower or such Lender a statement showing the computations used by the Administrative Agent in determining any applicable LIBO Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Infrastructure & Energy Alternatives, Inc.)

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Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by the Administrative Agent, and notice thereof shall be given by the Administrative Agent promptly to the Borrowers Borrowing Agent and each Lender. Each determination of the applicable LIBO Rate by the Administrative Agent shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. The Administrative Agent shall, upon written request of any Borrower the Borrowing Agent or any Lender, deliver to such Borrower the Borrowing Agent or such Lender a statement showing the computations used by the Administrative Agent in determining any applicable LIBO Rate hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Financial Services Inc)

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