Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All 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.

Appears in 15 contracts

Samples: Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (Hanger, Inc.)

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Computation of Fees and Interest. (a) 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 through the last day thereof.

Appears in 4 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All computations of fees and interest under this Agreement shall be made on the basis of a 360-day year and actual days elapsed (which results in more elapsed. Fees and 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 or interest are computed from and including the first day thereof to but excluding the last day thereof.

Appears in 3 contracts

Samples: Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co)

Computation of Fees and Interest. (a) All 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)elapsed. Interest and fees shall accrue during each period during which interest or on such fees are computed from the first day thereof to the last day thereof.

Appears in 3 contracts

Samples: Financing Agreement (Amerigas Finance Corp), Financing Agreement (Amerigas Eagle Finance Corp), Financing Agreement (Amerigas Partners Lp)

Computation of Fees and Interest. (a) 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 Except as otherwise expressly set forth, interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to through the last day thereof.

Appears in 3 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All computations of interest and of per annum 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. Each determination of an interest rate by the Bank shall be conclusive and binding on the Company in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Facility Agreement (Municipal Mortgage & Equity LLC), Credit Facility Agreement (Municipal Mortgage & Equity LLC)

Computation of Fees and Interest. (a) All computations of fees and computations of interest based on the LIBOR Rate and Base Rate and Standby L/C Fee Rate 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.

Appears in 2 contracts

Samples: Credit Agreement (Vans Inc), Credit Agreement (Vans Inc)

Computation of Fees and Interest. (a) All computations of fees and interest payable under this Agreement shall be made on the basis of a 360365-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year)elapsed. 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.

Appears in 1 contract

Samples: Credit Agreement (Smithway Motor Xpress Corp)

Computation of Fees and Interest. (a) Interest on -------------------------------- Base Rate Loans and Reimbursement Obligations shall be computed on the basis of a 365/366-day year and actual days elapsed. All computations of fees and other 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.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Computation of Fees and Interest. (a) All 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)elapsed. 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.

Appears in 1 contract

Samples: Credit Agreement (American Disposal Services Inc)

Computation of Fees and Interest. (a) All 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.

Appears in 1 contract

Samples: Credit Agreement (National Semiconductor Corp)

Computation of Fees and Interest. (a) All computations of interest -------------------------------- and fees and interest hereunder 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.

Appears in 1 contract

Samples: Secured Credit Agreement (System Software Associates Inc)

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Computation of Fees and Interest. (a) All computations of fees and interest under this Agreement shall be made on the basis of a 360-day year and actual days elapsed (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 the last day thereof.

Appears in 1 contract

Samples: Loan Agreement (Harrahs Entertainment Inc)

Computation of Fees and Interest. (a) All 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)elapsed. 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.

Appears in 1 contract

Samples: Credit Agreement (Fiberite Holdings Inc)

Computation of Fees and Interest. (a) All computations of interests and fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more elapsed. Notwithstanding the foregoing, interest being paid than if on Reimbursement Obligations calculated by reference to the Federal Funds Rate shall be computed on the basis of a 365365/366-day year)year and actual days elapsed. 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.

Appears in 1 contract

Samples: Max Re Capital LTD

Computation of Fees and Interest. (a) All computations in respect of interest at the Base Rate shall be made on the basis of a 365/366-day year. 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 365365/366-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to through the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Spark Energy, Inc.)

Computation of Fees and Interest. (a) All 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 through the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

Computation of Fees and Interest. (a) All 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 and 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.

Appears in 1 contract

Samples: Credit Agreement (Crimson Wine Group, LTD)

Computation of Fees and Interest. (a) All 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.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

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