Common use of Computations of Interest and Fees Clause in Contracts

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Rate, on the basis of a year of 360 days.

Appears in 5 contracts

Samples: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

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Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Rate, on the basis of a year of 360 365 days.

Appears in 3 contracts

Samples: Assignment and Assumption (Acreage Holdings, Inc.), Credit Agreement (Sundial Growers Inc.), Credit Agreement

Computations of Interest and Fees. (1) All computations of interest and Fees shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar LIBOR Rate, on the basis of a year of 360 days, or (ii) otherwise, on the basis of a year of 365 days.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Computations of Interest and Fees. (1) All computations of any interest or Fee hereunder shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for in relation to which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 daysFee, as the case may be; , accrues or (ii) if based on the Eurodollar Rate, is payable and on the basis of a year of 360 365 or 366, as the case may be, days.

Appears in 2 contracts

Samples: Convertible Loan Agreement, Convertible Loan Agreement

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05payable, and (i) if based on the ABR Rate, a year of 365 days or 366 365/366 days, as or, in the case may be; or (ii) if based on the Eurodollar Rate, on the basis of a year of Libor Advance, 360 days.

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (Sun Media Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Canadian Prime Rate or the U.S. Base Rate, on the basis of a year of 365 days or 366 days, as the case may be; , or (ii) if based on the Eurodollar Libor Rate or the U.S. Prime Rate, on the basis of a year of 360 days.

Appears in 2 contracts

Samples: Credit Agreement (Bracknell Corp), Credit Agreement (Bracknell Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05payable, and (i) if based on the ABR RateBase Rate (Canada), a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Libor Rate or the Eurolibor Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Open Text Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.053.04(1), and (i) if based on the ABR Base Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Term SOFR Reference Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Bridge Loan Agreement (Open Text Corp)

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Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the Canadian Prime Rate, the ABR Rate or the U.S. Base Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar LIBOR Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Base Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Term SOFR Reference Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Canadian Prime Rate, or the U.S. Base Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar LIBOR Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar Term SOFR Reference Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

Computations of Interest and Fees. (1) All computations of interest shall be made by the Administrative Agent taking into account the actual number of days occurring in the period for which such interest is payable pursuant to Section 3.05, and (i) if based on the ABR Rate, a year of 365 days or 366 days, as the case may be; or (ii) if based on the Eurodollar LIBOR Rate, on the basis of a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

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