Common use of Libo Rate Determination Clause in Contracts

Libo Rate Determination. The Lender, upon determining the LIBO Rate shall promptly notify by telephone (confirmed promptly in writing) or in writing the Borrower of such rates. Such determination shall, in the absence of manifest error, be conclusive and binding upon the Borrower.

Libo Rate Determination. The Lender, upon determining the LIBO Rate shall promptly notify by telephone (confirmed promptly in writing) or in writing the Borrower Borrowers of such rates. Such determination shall, in the absence of manifest error, be conclusive and binding upon the BorrowerBorrowers.