Common use of Interest Computations Clause in Contracts

Interest Computations. All computations of interest on the Term Loans shall be based upon a year of (x) in the case of Base Rate Loans, for which Base Rate is determined pursuant to clause (a) of the definition thereof, 365 days (or 366 days in a leap year), and (y) in the case of any other Base Rate Loans or SOFR Loans, 360 days, in each case for the actual days elapsed. All interest hereunder on any Term Loan other than a Term Loan computed by reference to Daily Compounded SOFR shall be computed on a daily basis based upon the outstanding principal amount of such Term Loan as of the applicable date of determination. All interest hereunder on any Term Loan computed by reference to Daily Compounded SOFR shall be computed as of any applicable date of determination on a daily basis based upon (x) the outstanding principal amount of such Term Loan as of such date of determination plus (y) the accrued, unpaid interest on such Term Loan attributable to Daily Compounded SOFR (and not, for the avoidance of doubt, attributable to the Applicable Margin) as of the immediately preceding U.S. Government Securities Business Day. The applicable Base Rate or Daily Compounded SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

Interest Computations. All computations of interest on the Term Loans shall be based upon a year of (x) in the case of Base Rate Loans, for which Base Rate is determined pursuant to clause (a) of the definition thereof, 365 days (or 366 days in a leap year), and (y) in the case of any other Base Rate Loans or SOFR Loans, 360 days, in each case for the actual days elapsed. All interest hereunder on any Term Loan other than a Term Loan computed by reference to Daily Compounded SOFR shall be computed on a daily basis based upon the outstanding principal amount of such Term Loan as of the applicable date of determination. All interest hereunder on any Term Loan computed by reference to Daily Compounded SOFR shall be computed as of any applicable date of determination on a daily basis based upon (x) the outstanding principal amount of such Term Loan as of such date of determination plus (y) the accrued, unpaid interest on such Term Loan attributable to Daily Compounded SOFR (and not, for the avoidance of doubt, attributable to the Applicable Margin) as of the immediately preceding U.S. Government Securities Business Day. The applicable Base Rate Rate, Term SOFR, Daily Simple SOFR or Daily Compounded SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

Interest Computations. All computations of interest on the Term BL Bridge Loans shall be based upon a year of (x) in the case of Base Rate Loans, for which Base Rate is determined pursuant to clause (a) of the definition thereof, 365 days (or 366 days in a leap year), and (y) in the case of any other Base Rate Loans or SOFR Loans, 360 days, in each case for the actual days elapsed. All interest hereunder on any Term BL Bridge Loan other than a Term BL Bridge Loan computed by reference to Daily Compounded SOFR shall be computed on a daily basis based upon the outstanding principal amount of such Term BL Bridge Loan as of the applicable date of determination. All interest hereunder on any Term BL Bridge Loan computed by reference to Daily Compounded SOFR shall be computed as of any applicable date of determination on a daily basis based upon (x) the outstanding principal amount of such Term BL Bridge Loan as of such date of determination plus (y) the accrued, unpaid interest on such Term BL Bridge Loan attributable to Daily Compounded SOFR (and not, for the avoidance of doubt, attributable to the Applicable Margin) as of the immediately preceding U.S. Government Securities Business Day. The applicable Base Rate or Daily Compounded SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.