Common use of Substitute Basis of Borrowing Clause in Contracts

Substitute Basis of Borrowing. If, on or prior to any Interest Determination Date in respect of a Libor Loan, a Lender determines acting reasonably and in good faith (which determination is final, conclusive and binding upon the Borrower) that:

Appears in 3 contracts

Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)

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Substitute Basis of Borrowing. If, on or prior to any Interest Determination Date in respect of a Libor Loan, a Lender determines acting reasonably and in good faith (which determination is final, conclusive and binding upon the Borrower) that:

Appears in 1 contract

Samples: Credit Agreement (Transcanada Corp)

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