Common use of Computations of Interest and Fees Clause in Contracts

Computations of Interest and Fees. (a) Except for Base Rate Loans, in which case interest shall be computed on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate), all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 16 contracts

Samples: Credit Agreement (Chattem Canada Holdings Inc), Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

AutoNDA by SimpleDocs

Computations of Interest and Fees. (a) Except for Base Rate LoansLoans that are based upon the Prime Rate, in which case interest shall be computed on the basis of the actual number of days elapsed over a year of 365 or 366 day year days, as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Polaris Industries Inc/Mn), Bridge Credit Agreement (Quest Diagnostics Inc), Revolving Credit Agreement (Polaris Industries Inc/Mn)

Computations of Interest and Fees. (a) Except for Base Rate LoansLoans bearing interest based on the Prime Rate, in which case interest shall be computed calculated on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) ), but exclude the date of payment.

Appears in 8 contracts

Samples: Term Loan C Agreement (Brandywine Operating Partnership, L.P.), Revolving Credit Agreement (Brandywine Operating Partnership, L.P.), Term Loan C Agreement (Brandywine Operating Partnership, L.P.)

Computations of Interest and Fees. (a) Except for Base Rate LoansLoans accruing interest at the Prime Rate, in which case interest shall be computed on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude a Loan is made until the date of paymentsuch Loan is repaid or continued or converted pursuant to Section 2.4.

Appears in 7 contracts

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

Computations of Interest and Fees. (a) Except for Base Rate Loans and Swingline Loans, in which case interest shall be computed on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 3 contracts

Samples: Credit Agreement (Pulte Corp), Credit Agreement (Pulte Corp), Credit Agreement (Abacoa Homes Inc)

Computations of Interest and Fees. (a) Except for Base Rate LoansLoans and Swing Line Loans that are based upon the Prime Rate, in which case interest shall be computed on the basis of the actual number of days elapsed over a year of 365 or 366 day year days, as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Computations of Interest and Fees. (a) Except for Base Rate Loans, in Loans which case interest shall be computed calculated on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 2 contracts

Samples: Credit Agreement (Brandywine Realty Trust), Credit Agreement (Brandywine Realty Trust)

AutoNDA by SimpleDocs

Computations of Interest and Fees. (a) Except for Base Rate LoansLoans that are based upon the Prime Rate, in which case interest shall be computed on the basis of a 365 or 366 day year year, as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)applicable, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Computations of Interest and Fees. (a) Except for Base Rate Loans, in which case interest shall be computed on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate), all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Deltic Timber Corp)

Computations of Interest and Fees. (a) Except for Base Prime Rate Loans, in Loans which case interest shall be computed calculated on the basis of a 365 or 366 day year as the case may be (unless the Base Rate is determined by reference to the Federal Funds Rate)be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. Interest shall accrue from and include the date of borrowing (or continuation or conversion) but exclude the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Brandywine Realty Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.