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, 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 11 contracts
Samples: Credit Agreement (Davel Communications Inc), Security Agreement (Packaging Dynamics Corp), Credit Agreement (Maxim Group Inc /)
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, 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 (Brandywine Operating Partnership Lp /Pa), Term Loan Agreement (Brandywine Realty Trust), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)
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 year, as the case may beapplicable, 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 (Covance Inc), Credit Agreement (Covance Inc), Credit Agreement (Covance Inc)
Computations of Interest and Fees. (a) Except for Base Floating 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, 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 (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)
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, 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 including the first date of borrowing (or continuation or conversion) to but exclude excluding the date of paymentlast day occurring in the period for which such interest is payable.
Appears in 1 contract
Samples: Bridge Credit Agreement (Orthodontic Centers of America Inc /De/)
Computations of Interest and Fees. (a) Except for Base Rate LoansLoans determined by reference to the Prime Rate or Loans made in British Pounds Sterling, in which case interest shall be computed on the basis of a 365 or 366 day year as the case may 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 (Us Can Corp)
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 year, as the case may 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
