Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by Lender, and notice thereof shall be given by Lender promptly to Borrowers. Each determination of the applicable LIBO Rate by Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender shall, upon written request of Borrowers, deliver to Borrowers a statement showing the computations used by Lender in determining any applicable LIBO Rate hereunder.
Appears in 2 contracts
Samples: Loan and Security Agreement (Kingsway Financial Services Inc), Loan and Security Agreement (Lifeway Foods Inc)
Setting and Notice of LIBO Rates. The applicable LIBO Rate for each Interest Period shall be determined by Lender, and notice thereof shall be given by Lender promptly to BorrowersBorrower. Each determination of the applicable LIBO Rate by Lender shall be conclusive and binding upon the parties hereto, in the absence of demonstrable error. Lender shall, upon written request of BorrowersBorrower, deliver to Borrowers Borrower a statement showing the computations used by Lender in determining any applicable LIBO Rate hereunder.
Appears in 2 contracts
Samples: Loan and Security Agreement (Therapeutics Acquisition Corp.), Loan and Security Agreement (Camping World Holdings, Inc.)
