Change in Interest Rates. Any change in the interest rate on a Loan resulting from a change in the Prime Rate shall become effective as of the opening of business on the day on which such change becomes effective. Each Lender shall as soon as practicable notify the Borrower of the effective date and the amount of each such change in interest rate.
Appears in 2 contracts
Sources: Credit Agreement (Manulife Financial Corp), Credit Agreement (Manulife Financial Corp)