Interest Computation. All interest hereunder shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Appears in 47 contracts
Samples: Loan and Guarantee Agreement, Loan and Guarantee Agreement (Hawaiian Holdings Inc), Loan and Guarantee Agreement
Interest Computation. All interest hereunder shall be computed on the basis of a year of three hundred sixty (360) days 360 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The Adjusted applicable LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Appears in 4 contracts
Samples: Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.), Credit Agreement (Seaspan CORP)
Interest Computation. All interest hereunder shall be computed on the basis of a year of three hundred sixty (360) days 360 days, and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The Adjusted LIBO LIBOR Rate shall be determined by the Administrative AgentLender, and such determination shall be conclusive absent manifest error.
Appears in 3 contracts
Samples: Credit Agreement (Blue Capital Reinsurance Holdings Ltd.), Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Montpelier Re Holdings LTD)
Interest Computation. All interest hereunder shall be computed on the basis of a year of three hundred sixty 360 days, except that interest computed by reference to the Base Rate shall be computed on the basis of a year of 365 days (360) or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Base Rate or Adjusted LIBO LIBOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Appears in 2 contracts
Samples: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Duluth Holdings Inc.)
Interest Computation. All interest hereunder shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.. Annex A
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