Common use of Computations and Determinations Clause in Contracts

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the Loan, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 2 contracts

Samples: Estate Term Loan Agreement (Alexander & Baldwin, Inc.), Term Loan Agreement (Alexander & Baldwin, Inc.)

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Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each the interest rate applicable to the Principal Debt advances of the Loan in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the this Loan, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the this Loan, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (FelCor Lodging Trust Inc)

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement Note and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent Lender shall be prima facie evidence conclusive evidence, in the absence of manifest error, of all sums owing to Lenders Lender from time to time under the Loanthis Note, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Note (TNP Strategic Retail Trust, Inc.)

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each the interest rate applicable to the Principal Debt Loan in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the Loanthis Agreement, but the failure to record any such information shall not limit or affect the obligations of Borrower Borrowers under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

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Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the Loanthis Agreement, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (FSP 50 South Tenth Street Corp)

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days days, elapsed (including the first day but excluding the last day). Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence of all sums owing to Lenders from time to time under the this Loan, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)

Computations and Determinations. All interest shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day)elapsed. Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement Note and its determination thereof shall be conclusive in the absence of manifest error. The books and records of Administrative Agent shall be prima facie evidence conclusive evidence, in the absence of manifest error, of all sums owing to Lenders Lender from time to time under the Loanthis Note, but the failure to record any such information shall not limit or affect the obligations of Borrower under the Loan Documents.

Appears in 1 contract

Samples: Stratus Properties Inc

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