Computation of Interest and Fees; When Interest Due and Payable. Interest accruing on the outstanding principal balance of the Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 33 contracts
Sources: Credit and Security Agreement (San Holdings Inc), Loan and Security Agreement (Technology Flavors & Fragrances Inc), Credit and Security Agreement
Computation of Interest and Fees; When Interest Due and Payable. Interest Fees hereunder and interest accruing on the outstanding principal balance of the Advances and fees hereunder the Obligation of Reimbursement outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 3 contracts
Sources: Credit and Security Agreement (Fourth Shift Corp), Credit and Security Agreement (Sportsmans Guide Inc), Credit and Security Agreement (Leather Factory Inc)
Computation of Interest and Fees; When Interest Due and Payable. Interest accruing on the outstanding principal balance of the Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 three hundred sixty (360) days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 3 contracts
Sources: Credit and Security Agreement (Telular Corp), Credit and Security Agreement (Heartland Technology Inc), Credit and Security Agreement (Futech Interactive Products Inc)
Computation of Interest and Fees; When Interest Due and Payable. Interest accruing on the outstanding principal balance of the Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date, except that minimum interest pursuant to Section 2.6(b) shall be payable in arrears annually on each anniversary date and on the Termination Date.
Appears in 1 contract
Computation of Interest and Fees; When Interest Due and Payable. Interest accruing on the outstanding principal balance of the Revolving Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 1 contract
Sources: Credit and Security Agreement (Rf Monolithics Inc /De/)
Computation of Interest and Fees; When Interest Due and Payable. Interest Fees hereunder and interest accruing on the outstanding principal balance of the Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 1 contract
Sources: Credit and Security Agreement (Nu Kote Holding Inc /De/)
Computation of Interest and Fees; When Interest Due and Payable. Interest accruing on the outstanding principal balance of the Advances and fees hereunder outstanding from time to time shall be computed on the basis of actual number of days elapsed in a year of 360 days. Interest shall be payable in arrears on the first day of each month and on the Termination Date.
Appears in 1 contract
Sources: Credit and Security Agreement (Rf Monolithics Inc /De/)