Common use of Interest Payment and Computation Clause in Contracts

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an Interest Period in excess of three (3) months, accrued interest shall also be paid on the day which is three (3) months after the commencement of such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 19 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

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Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter and interest calendar quarter, with the first such payment due on December 31, 2004. Interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 3 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Interest Payment and Computation. Interest Accrued and unpaid interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal calendar quarter commencing March 31, 1997; accrued and unpaid interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.and

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal calendar quarter commencing December 31, 1998, and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an Interest Period in excess of three (3) months, accrued interest shall also be paid on the day which is three (3) months after the commencement of such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (Roanoke Electric Steel Corp), Credit Agreement (Roanoke Electric Steel Corp)

Interest Payment and Computation. Interest on each Base Rate Loan -------------------------------- shall be payable in arrears on the last Business Day of each fiscal calendar quarter and interest commencing March 31, 1997. Interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year (or, with respect to the Base Rate, a 365/366-day year) and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (American Business Information Inc /De)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter commencing December 29, 1995 and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed, except that interest with respect to each Base Rate Loan shall be computed on the basis of a 365/366-day year.

Appears in 1 contract

Samples: Loan Agreement (Sirrom Investments Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day day of each fiscal quarter commencing September 30, 1997 and interest also on the Termination Date. Interest on each LIBOR Rate Loan and Absolute Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Corestaff Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter commencing September 30, 1996; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corporation of America)

Interest Payment and Computation. Interest on each Base Rate Loan -------------------------------- shall be payable in arrears on the last Business Day of each fiscal calendar quarter and interest commencing September 30, 1997. Interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year (or, with respect to the Base Rate, a 365/366-day year) and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (American Business Information Inc /De)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal calendar quarter commencing June 30, 2002; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an . Interest Period in excess of three (3) months, accrued interest shall also be paid on the day which is three (3) months after the commencement of such Interest Period. All interest rates, LIBOR Rate Loans and all fees and commissions provided payable hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Belk Inc)

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Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each fiscal calendar quarter commencing December 31, 2021; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All computations of interest rates, fees and commissions provided hereunder for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be computed made on the basis of a 360-day year of 365 or 366 days, as the case may be, and assessed for the actual number of days elapsed.. All other

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter consecutive three month period ending October 31, January 31, April 30 and July 31 during the term of this Agreement, commencing October 31, 2003; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of is longer than three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, Interest on LIBOR Rate Loans and all fees and commissions provided payable hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Base Rate Loans shall be computed on the basis of a 365/366-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal calendar quarter commencing March 31, 1998; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an and if such Interest Period in excess of extends over three (3) months, accrued interest shall also be paid on at the day which is end of each three (3) months after the commencement of month interval during such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the Business Day next succeeding the last Business Day of each fiscal calendar quarter commencing September 30, 1998; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an Interest Period in excess of three (3) months, accrued interest shall also be paid on the day which is three (3) months after the commencement of such Interest Period. All interest rates, fees and commissions provided hereunder on LIBOR Rate Loans shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and all other interest rates, fees and commissions provided hereunder shall be computed on the basis of an 365/366-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Cca Prison Realty Trust)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each fiscal quarter and interest Fiscal Quarter. Interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, provided that, in the case of an Interest Period in excess of three (3) months, accrued interest shall also be paid on the day which is three (3) months after the commencement of such Interest Period. All interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Bulk Terminals Inc)

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