Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 93 contracts
Samples: Security Agreement (Fairchild Corp), Security Agreement (Geokinetics Inc), Security Agreement (Asv Holdings, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 46 contracts
Samples: Security Agreement (Hutchinson Technology Inc), Security Agreement (TCP International Holdings Ltd.), Revolving Credit and Security Agreement (Zanett Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate for Domestic Rate Loans during such extension.
Appears in 15 contracts
Samples: Security Agreement (Maxum Petroleum Holdings, Inc.), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Berliner Communications Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate during such extension.
Appears in 11 contracts
Samples: Loan and Security Agreement (Edgen Louisiana CORP), Loan and Security Agreement (Bucyrus International Inc), Credit and Security Agreement (Input Output Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days (or, in the case of Domestic Rate Loans, a year of 365/366 days) and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 6 contracts
Samples: Credit and Security Agreement (Quantum Corp /De/), Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Green Plains Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 6 contracts
Samples: Loan and Security Agreement (Odetics Inc), Security Agreement (Phosphate Holdings, Inc.), Revolving Credit Agreement (Fidelity National Information Solutions Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 6 contracts
Samples: Security Agreement (Champion Parts Inc), Joinder Agreement (Boot Barn Holdings, Inc.), Joinder Agreement (Boot Barn Holdings, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate for Domestic Rate Loans during such extension.
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (SMTC Corp), Security Agreement (Apac Customer Service Inc), Security Agreement (Intcomex, Inc.)
Computation of Interest and Fees. (a) Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 4 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.), , and Security Agreement (Rocky Brands, Inc.), Subordination Agreement (Twist Beauty S.a r.l. & Partners S.C.A.)
Computation of Interest and Fees. Interest and fees hereunder hereunder, including Letter of Credit Fees, shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate interest rate during such extension.
Appears in 3 contracts
Samples: Credit and Security Agreement (Sifco Industries Inc), Credit and Security Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (Ramaco Resources, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred and sixty-five (365) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the rate otherwise applicable Contract Rate under this Agreement during such extension.
Appears in 3 contracts
Samples: Credit and Security Agreement (Stoneridge Inc), Credit and Security (Stoneridge Inc), Credit and Security Agreement (Stoneridge Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), And (Blonder Tongue Laboratories Inc), Loan and Security Agreement (Tb Woods Corp)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.. 3.6
Appears in 2 contracts
Samples: Guaranty and Security Agreement (Innovex Downhole Solutions, Inc.), Guaranty and Security Agreement (Innovex Downhole Solutions, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Term Loan Rate for Domestic Rate Loans during such extension.
Appears in 2 contracts
Samples: Term Loan Credit and Security Agreement (EVINE Live Inc.), Term Loan and Security Agreement (Air Industries Group, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the Revolving Interest Rate applicable Contract to Domestic Rate Loans during such extension.
Appears in 2 contracts
Samples: Credit and Security Agreement (Cold Metal Products Inc), Security Agreement (Cold Metal Products Inc)
Computation of Interest and Fees. (a) Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate during such extension.
Appears in 2 contracts
Samples: Guaranty, and Security Agreement (Rocky Brands, Inc.), Revolving Credit, Guaranty, and Security Agreement (Rocky Brands, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate for Domestic Rate Loans during such extension.”
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (SMTC Corp), Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)
Computation of Interest and Fees. Interest and fees payable hereunder shall be computed on the basis of a 360-day year of 360 days and for the actual number of days elapsed. If the date specified for any payment to be made hereunder becomes due and payable on a day other than is not a Business Day, the due date thereof such payment shall be extended made on the next following Business Day, and interest shall be paid at the rate provided for herein on any such payment to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during on which such extensionpayment is actually made.
Appears in 2 contracts
Samples: Letter of Credit and Security Agreement (Agl Resources Inc), Letter of Credit and Security Agreement (Agl Resources Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 2 contracts
Samples: Security Agreement (General Finance CORP), Castle a M & Co
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed; provided that the interest applicable to Domestic Rate Loans shall be computed upon the basis of a year of 365/366 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)
Computation of Interest and Fees. Interest and fees hereunder shall -------------------------------- be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc), Security Agreement (Intelligroup Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate interest rate during such extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (Microwave Power Devices Inc), Revolving Credit and Security Agreement (Advanced Lighting Technologies Inc)
Computation of Interest and Fees. Interest and fees hereunder -------------------------------- shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Styrochem International LTD), Credit and Security Agreement (Styrochem International Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be -------------------------------- computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate during such extension.
Appears in 2 contracts
Samples: Security Agreement (Delta Woodside Industries Inc /Sc/), Security Agreement (Delta Mills Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days (other than for Domestic Rate Loans, which shall be calculated on the basis of a year of 365 or 366 days, as applicable) and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Build a Bear Workshop Inc), Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc)
Computation of Interest and Fees. Interest and fees hereunder under this Agreement shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the then such due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extensionDay.
Appears in 1 contract
Samples: Credit and Security Agreement (Western Fidelity Funding Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsedelapsed (which will result in more interest being paid than if computed on the basis of a 365-day year). If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate for Base Rate Loans during such extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Forbes Energy International, LLC)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extensionDay.
Appears in 1 contract
Samples: Security and Guaranty Agreement (Behringer Harvard Reit I Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extensionRate.
Appears in 1 contract
Samples: Loan and Security Agreement (Stanadyne Automotive Corp)
Computation of Interest and Fees. (a) Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed, provided that the interest applicable to Domestic Rate Loans shall be computed on the basis of a year of 365/366 days and actual days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and and, with respect to payments of principal, interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed; provided that if any such interest or fees are determined at any time by reference to the Alternate Base Rate, such interest or fees shall be computed on the basis of a year of 365 days. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.. 29
Appears in 1 contract
Samples: Loan and Security Agreement (United States Steel Corp)
Computation of Interest and Fees. Interest and fees hereunder shall -------------------------------- be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Samples: Air Methods Corp
Computation of Interest and Fees. Interest and fees hereunder -------------------------------- shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Samples: Credit and Security Agreement (World Wrestling Federation Entertainment Inc)
Computation of Interest and Fees. Interest All fees and fees interest hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 1 contract
Samples: Second Lien Note Purchase Agreement (Emerge Energy Services LP)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extensionpayable.
Appears in 1 contract
Samples: Security Agreement (AutoWeb, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate or Term Loan Rate, as the case may be, during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension. 3.5.
Appears in 1 contract
Samples: Credit, Term Loan And Security Agreement (Measurement Specialties Inc)
Computation of Interest and Fees. Interest and fees -------------------------------- hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate interest rate currently in effect during such extension.
Appears in 1 contract
Samples: Lender Assignment Agreement (Tarrant Apparel Group)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension. 3.6.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a 360 day year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Term Loan Rate during such extension, unless such next succeeding Business Day would fall in the next calendar month, in which case the due date shall be on the immediately preceding Business Day.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Direct Digital Holdings, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Domestic Rate during such extension.
Appears in 1 contract
Samples: Security Agreement (Evergreen International Aviation Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsedelapsed (which will result in more interest being paid than if computed on the basis of a 365-day year). If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension. 3.6.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension. 3.6.
Appears in 1 contract
Samples: Cca Industries Inc
Computation of Interest and Fees. Interest and fees payable to the Lender hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Samples: Tristar Corp
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 365/6 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Term Loan Rate during such extension.
Appears in 1 contract
Samples: Intercreditor Agreement (Empeiria Acquisition Corp)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days 365 or 366 days, as the case may be, and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate during such extension.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Lesco Inc/Oh)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof hereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate rate during such extension, as more fully set forth herein.
Appears in 1 contract
Samples: Credit and Security Agreement (Prima Group International Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate during such extension.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Base Rate Loans during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days (or, in respect of any Obligations bearing interest based on the Alternate Base Rate, a year of 365/366 days) and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Samples: Credit Agreement (Connecture Inc)
Computation of Interest and Fees. Interest and fees hereunder -------------------------------- shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Samples: Air Methods Corp
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extensionRevolving Interest Rate.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate rate during such extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Banyan Acquisition Corp)
Computation of Interest and Fees. Interest Subject to Section 3.6, interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate accrue as provided in Section 3.1 or 3.2, as applicable, during such extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Vision-Ease Lens, Inc.)
Computation of Interest and Fees. Interest and fees -------------------------------- hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 three hundred sixty (360) days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate for the outstanding Advances during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest Subject to Section 3.6, interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall accrue and shall be payable at the applicable Contract Rate during such extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Vision-Ease Lens CORP)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Boomerang Systems, Inc.)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate for Domestic Rate Loans during such extension."
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Foster L B Co)
Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, then the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Revolving Interest Rate for Domestic Rate Loans during such extension.
Appears in 1 contract
Computation of Interest and Fees. Interest and fees hereunder shall be -------------------------------- computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Interest Rate during such extension.
Appears in 1 contract
