Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 6 contracts
Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/), Assignment and Assumption Agreement (Seacor Holdings Inc /New/), Credit Facility Agreement (Reading & Bates Corp)
Calculation of interest. All interest Interest on all Obligations shall accrue from day to day and be calculated on the basis of actual number of days elapsed and on the basis of a that an entire year's interest is earned in three hundred sixty (360) day yeardays.
Appears in 6 contracts
Samples: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)
Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of over a three hundred sixty (360) day year.
Appears in 5 contracts
Samples: Teekay Shipping Corp, Agreement (Teekay Shipping Corp), Consent and Agreement (Teekay Shipping Corp)
Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Calculation of interest. All interest shall accrue from day to day-to-day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Credit Facility Agreement (OSG America L.P.), Credit Agreement (Overseas Shipholding Group Inc)
Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed lapsed and on the basis of a three hundred sixty (360) day year.
Appears in 3 contracts
Samples: Credit Agreement (Chiles Offshore LLC), Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore Inc/New/)
Calculation of interest. All interest shall accrue Interest accrues from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed and on the basis of a three hundred sixty (360) day yearelapsed.
Appears in 1 contract
Samples: Master Framework Agreement (Shurgard Storage Centers Inc)
Calculation of interest. All interest shall accrue from day to day-to-day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year. 5.3.
Appears in 1 contract
Calculation of interest. All interest shall accrue from day to day-to- day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day yearyear with respect to each LIBOR Rate Advance and on the basis of a 365/366 day year with respect to each Base Rate Advance.
Appears in 1 contract
