Common use of Calculation of Interest and Fees Clause in Contracts

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; provided that any Loan or Portion that is repaid on the same day on which it is made shall bear interest for one day 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 or Portion 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.

Appears in 2 contracts

Samples: Credit Agreement (Valueclick Inc/Ca), Credit Agreement (Smile Brands Group Inc.)

AutoNDA by SimpleDocs

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; provided that any Loan Loan, Portion or Portion other Obligation that is repaid on the same day on which it is made shall bear interest for one day 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 or Portion 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. 1.10.

Appears in 1 contract

Samples: Credit Agreement (Arc Document Solutions, Inc.)

Calculation of Interest and Fees. All calculations of interest and fees under this Agreement and the other Credit Loan Documents for any period (a) shall include the first day of such period and exclude the last day of such period; provided that any Loan or Portion that is repaid on the same day on which it is made shall bear interest for one day and (b) shall be calculated on the basis of a year of 360 days 365 or 366 days, as appropriate, for actual days elapsed, except that during any period any Loan or Portion bears interest based upon the Prime RateAdjusted Term SOFR, such interest shall be calculated on the basis of a year of 365 or 366 360 days, as appropriate, for actual days elapsed.. ​

Appears in 1 contract

Samples: Credit Agreement (Monarch Casino & Resort Inc)

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; provided that any Loan or Portion that is repaid on the same day on which it is made shall bear interest for one day 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 or Portion bears interest based upon the Prime RateRate or with respect to interest on any Loan denominated in British Pounds, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Valueclick Inc/Ca)

AutoNDA by SimpleDocs

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; provided provided, that any Loan or Portion that is repaid on the same day on which it is made shall bear interest for one day 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 or Portion bears interest based upon the Prime Base Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Del Taco Restaurants, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.