Common use of Method of Calculating Interest and Fees Clause in Contracts

Method of Calculating Interest and Fees. Interest on each Eurodollar Loan and Money Market Loan (and on any Reference Rate Loan bearing interest by reference to the Federal Funds Rate) shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed, calculated as to each Interest Period from and including the first day thereof to but excluding the last day thereof. Interest on each Reference Rate Loan (other than any Reference Rate Loan described in the preceding sentence) shall be calculated on the basis of a 365 day or 366 day year, as applicable, and paid for actual days elapsed. The fees payable pursuant to Section 5.2 shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed.

Method of Calculating Interest and Fees. Interest on each Eurodollar Loan and Money Market Loan (and on any Reference Rate Loan bearing interest by reference to the Federal Funds Rate) and each Swingline Loan shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed, calculated as to each Interest Period from and including the first day thereof to but excluding the last day thereof. Interest on each Reference Rate Loan (other than any Reference Rate Loan described in the preceding sentence) shall be calculated on the basis of a 365 day or 366 day year, as applicable, and paid for actual days elapsed. The fees payable pursuant to Section 5.2 6.2 and 6.3 shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed.. 6.5

Method of Calculating Interest and Fees. Interest on each Eurodollar Loan and Money Market Loan (and on any Reference Rate Loan bearing interest by reference to the Federal Funds Rate) shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed, calculated as to each Interest Period from and including the first day thereof to but excluding the last day thereof. Interest on each Reference Rate Loan (other than any Reference Rate Loan described in the preceding sentence) shall be calculated on the basis of a 365 day or 366 day year, as applicable, and paid for actual days elapsed. The fees payable pursuant to Section 5.2 and 5.3 shall be computed on the basis of a year consisting of 360 days and paid for actual days elapsed.