Common use of Interest Payment Dates; Interest and Fee Basis Clause in Contracts

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Polaris Industries Inc/Mn), Credit Agreement (Polaris Industries Inc/Mn)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Prime Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Sources: Amendment Agreement (Polaris Industries Inc/Mn), Credit Agreement (Polaris Industries Inc/Mn)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Monthly Payment Date, commencing with the first such Monthly Payment Date to occur after the Effective Date October 19, 2019 and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months (3) months, if any, shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 10:00 a.m. (local Pacific time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Sources: Modification Agreement (Tri Pointe Homes, Inc.), Modification Agreement (Tri Pointe Homes, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest interest at the Base Prime Rate shall be calculated for actual days elapsed on the basis of a 365 or 366365/366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 3:00 p.m. (local Minneapolis time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (C H Robinson Worldwide Inc), Credit Agreement (C H Robinson Worldwide Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date date to occur after the Effective Closing Date and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances Eurodollar Advances, commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that . Interest at the Base on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365 or 366365/366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local noon, New York City time) , at the place of payment. If any payment of principal of or interest on an Advance or other amount hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date date to occur after the Effective Date date hereof, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances Credit Extensions and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate shall be calculated for actual days elapsed at times when the Alternate Base Rate is based on the basis of a 365 or 366-day year, as the case may bePrime Rate). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Midas Inc), Credit Agreement (Midas Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Monthly Payment Date, commencing with the first such Monthly Payment Date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months (3) months, if any, shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 10:00 a.m. (local Pacific time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Sources: Modification Agreement (New Home Co Inc.), Credit Agreement (TRI Pointe Group, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate for interest on Loans denominated in British Pounds Sterling, which shall be calculated for actual days elapsed on the basis of a 365 or 366365-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Hurco Companies Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances Interest, commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year, except ; provided that Interest at the Base interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365 or 366-day days year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 p.m. noon (local Chicago time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Miller Mechanical Contractors Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest on any Advance that bears interest at the Prime Rate option of the Alternate Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366365/366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Sources: Omnibus Amendment to Loan Documents (Cabelas Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Monthly Payment Date, commencing with the first such Monthly Payment Date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months (3) months, if any, shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to ‎Section 2.11 shall be payable on demand. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 10:00 a.m. (local Pacific time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Sources: Modification Agreement (New Home Co Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date date hereof and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local St. Louis, Missouri time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Orchids Paper Products CO /DE)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable in arrears on the first Business Day of each Payment Datemonth, commencing with the first such Payment Date date to occur after the Effective Date date hereof, and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on all Base Rate Advances shall be calculated based on the actual number of days elapsed on the basis of a 365/366-day year. Interest on Eurocurrency Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become becomes due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Dolan Co.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurocurrency such Advance is prepaidprepaid or is converted into a Floating Rate Advance, and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest interest accruing at the Base Prime Rate shall be calculated for actual days elapsed on the basis of a 365 365, or when appropriate 366-, day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and on each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurocurrency such Advance is prepaid, prepaid or is converted into a Floating Rate Advance and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurocurrency Eurodollar Advance having an 3099077v.3 Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest interest accruing at the Base Prime Rate shall be calculated for actual days elapsed on the basis of a 365 365, or when appropriate 366-, day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date date to occur after the Effective Closing Date and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Eurodollar Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest at the and interest on Alternate Base Rate Advances shall be calculated for actual days elapsed on the basis of a 365 or 366-366 day year, as the case may beapplicable. Interest shall be payable for the day an a Revolving Credit Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local Chicago time) at the place of payment. If any payment of principal of or interest on an a Revolving Credit Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Navigators Group Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Floating Rate Advance and on each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurocurrency Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurocurrency such Advance is prepaid, prepaid or is converted into a Floating Rate Advance and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurocurrency Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest interest accruing at the Base Prime Rate shall be calculated for actual days elapsed on the basis of a 365 365, or when appropriate 366-, day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business DayDay and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such Payment Date to occur after the Effective Date and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that Interest on any Advance that bears interest at the Alternate Base Rate shall be calculated for actual days elapsed on the basis of a 365 or 366365/366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Cabelas Inc)