Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Citibank N.A.’s “Base 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 interest, and all computation of fees under subsection 2.9(b) and (c) shall be made on the basis of a 360-day year and actual days elapsed. Interest and such fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof. (b) If any Reference Lender’s Commitment shall terminate (otherwise than on termination of all the Commitments), or for any reason whatsoever such Reference Lender shall cease to be a Lender hereunder, such Reference Lender shall thereupon cease to be a Reference Lender, and the determination of the Eurodollar Base Rate under subsection (c) of the definition of such term shall be determined on the basis of the rates as notified by the remaining Reference Lenders.
Appears in 7 contracts
Sources: Credit Agreement (Schwab Charles Corp), Credit Agreement (Schwab Charles Corp), Credit Agreement (Schwab Charles Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Citibank N.A.’s “'s "Base 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 interest, and all computation of fees under subsection 2.9(b) and (c) shall be made on the basis of a 360-day year and actual days elapsed. Interest and such fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof.
(b) If any Reference Lender’s 's Commitment shall terminate (otherwise than on termination of all the Commitments), or for any reason whatsoever such Reference Lender shall cease to be a Lender hereunder, such Reference Lender shall thereupon cease to be a Reference Lender, and the determination of the Eurodollar Base Rate under subsection (c) of the definition of such term shall be determined on the basis of the rates as notified by the remaining Reference Lenders.
Appears in 4 contracts
Sources: Credit Agreement (Schwab Charles Corp), Credit Agreement (Schwab Charles Corp), Credit Agreement (Schwab Charles Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Citibank N.A.’s “'s "Base 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 interest, and all computation of fees under subsection 2.9(b) and (c) shall be made on the basis of a 360-day year and actual days elapsed. Interest and such fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof.
(b) If any the Reference Lender’s Commitment shall terminate (otherwise than on termination of all the Commitments), or for any reason whatsoever such the Reference Lender shall cease to be a Lender hereunder, such the Reference Lender shall thereupon cease to be a the Reference Lender, and the determination of the Eurodollar Base Rate under subsection (c) of the definition of such term shall be determined on the basis of the rates as notified by a successor Reference Lender designated by the remaining Borrower and the Agent (so long as such successor agrees to act as a Reference LendersLender).
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Citibank N.A.’s “Base Bank of America's "Prime 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 interest, and all computation of fees under subsection 2.9(b) and (c) shall be made on the basis of a 360-day year and actual days elapsed. Interest and such fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof.
(b) If any Reference Lender’s 's Commitment shall terminate (otherwise than on termination of all the Commitments), or for any reason whatsoever such Reference Lender shall cease to be a Lender hereunder, such Reference Lender shall thereupon cease to be a Reference Lender, and the determination of the Eurodollar Base Rate under subsection (c) of the definition of such term shall be determined on the basis of the rates as notified by the remaining Reference Lenders.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Citibank N.A.’s “Base Rate” BofA's "reference 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 interest, fees and all computation of fees under subsection 2.9(b) and (c) interest shall be made on the basis of a 360-day year and actual days elapsedelapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and such fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
(c) If any Reference Lender’s Bank's Commitment shall terminate terminates (otherwise other than on termination of all the Commitments), or for any reason whatsoever such the Reference Lender shall cease Bank ceases to be a Lender Bank hereunder, such that Reference Lender Bank shall thereupon cease to be a Reference LenderBank, and the determination of the Eurodollar Base Offshore Rate under subsection (c) of the definition of such term shall be determined on the basis of the rates as notified by the remaining Reference LendersAdministrative Agent.
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Sources: Credit Agreement (Cd Radio Inc)