3Computation of Interest, Fees Sample Clauses

3Computation of Interest, Fees. Yield Protection 94 3.4Illegality 94 3.5Inability to Determine Rates 95 3.6Increased Costs; Capital Adequacy 95 3.7Mitigation 96 3.8Funding Losses 96 3.9Maximum Interest 97 3.10Canadian Interest Act 97 3.11Survival 97 3.12Successor LIBOR 97 SECTION 0.XXXX ADMINISTRATION 98 4.1Manner of Borrowing and Funding of Revolver Loans 98 4.2Defaulting Lender 100 4.3Number and Amount of LIBOR Loans and B/A Equivalent Loans; Determination of Rate 101 4.4Lead Borrower 102 4.5Effect of Termination 102 SECTION 5.PAYMENTS 103 5.1General Payment Provisions 103 5.2Repayment of Revolver Loans 103 5.3[Reserved] 103 5.4Marshaling; Payments Set Aside 103 5.5Post-Default Allocation of Payments 104 5.6Application of Payments in the Dominion Accounts 106 5.7Loan Account; Account Stated 107 5.8Taxes 107 5.9Lender Tax Information 109 SECTION 6.CONDITIONS PRECEDENT 110 6.1Conditions Precedent to the Fourth Restatement Date 110 6.2Conditions Precedent to All Credit Extensions 112 SECTION 7.COLLATERAL MONITORING AND REPORTING 112 7.1Borrowing Base Certificates 112 7.2Administration of Accounts 113 SECTION 8.REPRESENTATIONS AND WARRANTIES 114 8.1General Representations and Warranties 114 SECTION 9.COVENANTS AND CONTINUING AGREEMENTS 120 9.1Affirmative Covenants 120 9.2Negative Covenants 127 9.3Financial Covenant 138 SECTION 00.XXXXXX OF DEFAULT; REMEDIES ON DEFAULT 139 10.1Events of Default 139 10.2Remedies upon Default 141 10.3Setoff 142 10.4Remedies Cumulative; No Waiver 142 SECTION 11.AGENT 142 11.1Appointment, Authority and Duties of the Agent 142 11.2Agreements Regarding Collateral and Field Examination Reports 144 11.3Reliance By the Agent 144 11.4Action Upon Default 144 11.5Ratable Sharing 144 11.6Limitation on Responsibilities of the Agent 145 11.7Successor Agent and Co-Agents 145 11.8Due Diligence and Non-Reliance 146 11.9Remittance of Payments and Collections 146 11.10The Agent in its Individual Capacity 147 11.11Agent Titles 147 11.12Bank Product Providers 147 11.13Survival 147 11.14Withholding Tax 147 11.15Quebec Liens (Hypothecs) 148 11.16ERISA Matters 148 SECTION 12.BENEFIT OF AGREEMENT; ASSIGNMENTS 150 12.1Successors and Assigns 150 12.2Participations 150 12.3Assignments 151 12.4Replacement of Certain Lenders 152 -ii- SECTION 13.GUARANTEE 153 13.1The Guarantee 153 13.2Obligations Unconditional 154 13.3Reinstatement 155 13.4Subrogation 155 13.5Remedies 155 13.6Continuing Guarantee 156 13.7Information 156 13.8General Limitation on Amount of Obligations Guaranteed 156 13.9Ge...
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Related to 3Computation of Interest, Fees

  • Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Computation of Interest, Fees, Yield Protection All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.9, submitted to Borrower Agent by Agent or the affected Lender, as applicable, shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate.

  • Calculation of interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Section 310 Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Computation of Interest and Fees All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Computation of Interest and Related Fees All interest and fees under each Financing Document shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The date of funding of a Loan shall be included in the calculation of interest. The date of payment of a Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Interest Fees Borrower shall pay FINOVA interest on the daily outstanding balance of the Obligations at the per annum rate set forth on the Schedule. Borrower shall also pay FINOVA the fees set forth on the Schedule.

  • Determination of Interest (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

  • Determination of Interest Rate (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).

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