Common use of Computations of Interest Clause in Contracts

Computations of Interest. All computation of interest hereunder shall be made on the actual number of days elapsed over a year of 360 days, except that interest computed by reference to the Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year).

Appears in 7 contracts

Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.), Priming Facility Credit Agreement (GTT Communications, Inc.)

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Computations of Interest. All computation computations of interest and fees hereunder shall be made on the actual number of days elapsed over a year of 360 days, except that other than computations of interest computed by reference to based on the Base Rate “prime rate”, which shall be computed made on the basis actual number of days elapsed over a year of 365 days (or 366 days in a leap year)days, as applicable.

Appears in 4 contracts

Samples: Credit Agreement (DigitalOcean Holdings, Inc.), Credit Agreement (DigitalOcean Holdings, Inc.), Credit Agreement (DigitalOcean Holdings, Inc.)

Computations of Interest. All computation of interest hereunder shall be made on the actual number of days elapsed over a year of 360 days, except that interest computed by reference to the Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year).. (g)

Appears in 2 contracts

Samples: Credit Agreement (GTT Communications, Inc.), Priming Facility Credit Agreement (GTT Communications, Inc.)

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Computations of Interest. All computation computations of interest hereunder shall be made on the actual number of days elapsed over a year of 360 days, except that interest computed by reference to the Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year).

Appears in 1 contract

Samples: Credit Agreement (Peabody Energy Corp)

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