Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' "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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by the

Appears in 8 contracts

Sources: Loan Agreement (Enstar Income Program 1984-1 Lp), Loan Agreement (Enstar Income Program Iv-2 Lp), Loan Agreement (Enstar Income Growth Program Five-a Lp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by the

Appears in 4 contracts

Sources: Secured Credit Agreement (Pen Tab Industries Inc), Credit Agreement (Bremer Financial Corporation), Credit Agreement (Citgo Petroleum Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error.

Appears in 3 contracts

Sources: Credit Agreement (Storage Technology Corp), Credit Agreement (Storage Technology Corp), Credit Agreement (Storage Technology Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 3 contracts

Sources: Credit Agreement (Katy Industries Inc), Credit Agreement (Landrys Seafood Restaurants Inc), Credit Agreement (Giant Industries Inc)

Computation of Fees and Interest. (a) All computations of interest for in respect of Base Rate Loans when the Base Rate is determined by Banque based on BNP Paribas' "’ “base rate" shall be made by the Agent 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 interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 2 contracts

Sources: Credit Agreement (Mgic Investment Corp), Credit Agreement (Mgic Investment Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error.

Appears in 2 contracts

Sources: Credit Agreement (Storage Technology Corp), Credit Agreement (Storage Technology Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each reasonable determination of an interest rate or a Dollar Equivalent by thethe Agent shall be conclusive and binding on the Credit Parties and the Lending Parties in the absence of manifest error.

Appears in 2 contracts

Sources: Credit Agreement (Tower Automotive Inc), Credit Agreement (Tower Automotive Inc)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' Bank of America's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 2 contracts

Sources: Credit Agreement (Unumprovident Corp), 364 Day Credit Agreement (Unumprovident Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the applicable Borrower and the Lenders in the absence of manifest error.

Appears in 2 contracts

Sources: Credit Agreement (Oshkosh Truck Corp), Credit Agreement (Oshkosh Truck Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' the Bank's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Bank shall be conclusive and binding on the Company in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Med E America Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-365- day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to thereofto the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Mgic Investment Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' Bank of America's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Companies and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Esterline Technologies Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' the Bank's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Bank shall be conclusive and binding on the Borrower in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Matlack Systems Inc)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 and fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Administrative Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Ferrellgas Partners Finance Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Berkley W R Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Agent shall be conclusive and binding on the Companies and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Esterline Technologies Corp)

Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Banque Paribas' BofA's "base 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by thethe Administrative Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error.

Appears in 1 contract

Sources: Credit Agreement (Ferrellgas Partners Finance Corp)