Common use of Payment; Interest Computation; Float Charge Clause in Contracts

Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In addition, so long as any principal or interest with respect to any Hard Credit Extension (defined as Credit Extensions other than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstanding, Bank shall be entitled to charge Borrower a "float" charge in an amount equal to three (3) Business Days interest, at the interest rate applicable to the Advances, on all Payments received by Bank. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this Agreement. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. When the payment of an Obligation is due on a day that is not a Business Day, such payment shall be due the next Business Day and additional fees or interest, as applicable, shall continue to accrue until such Obligation is paid. In addition, so long as any principal or interest with respect to any Hard Credit Extension (defined as Credit Extensions other than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstanding, Bank shall be entitled to charge Borrower a "“float" ” charge in an amount equal to three two (32) Business Days interest, at the interest rate applicable to the Advances, on all Payments received by BankBank and applied to outstanding Advances. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this Agreement. The float charge for each month shall be payable on the last day of the such month. Bank shall not, however, be required to credit Borrower's ’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's ’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

Payment; Interest Computation; Float Charge. Interest Interest, if due, is payable monthly on the last calendar day of each fiscal month. In computing interest on the Obligations, all Payments payments received (whether debited by Bank from any Collateral Account of Borrower or otherwise received by Bank) after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In addition, so long as at any principal or interest with respect to any Hard Credit Extension (defined as Credit Extensions other time Borrower’s Modified Quick Ratio is less than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstandingthe Asset Based Threshold, Bank shall be entitled to charge Borrower a "“float" ” charge in an amount equal to three one (31) Business Days interest, at the interest rate applicable to the AdvancesCredit Extensions, on all Payments amounts received by Bank. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this AgreementBank from the Lockbox and Collection Account and applied to prepay the then outstanding Advances. The float charge for each month shall be payable on the last day of the such month. Bank shall not, however, be required to credit Borrower's ’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's ’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In additionAll wire transfers shall be deemed applied on account of the Obligations on the date of receipt thereof by Bank, so long as any principal or interest with respect to any Hard Credit Extension (defined as Credit Extensions other than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstanding, and Bank shall be entitled to charge Borrower a "“float" ” charge in an amount equal to three two (32) Business Days interest, at the interest rate applicable to the Advances, on all Payments consisting of checks and/or other items of Payment other than wire transfers received by Bank. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this Agreement. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit Borrower's ’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's ’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In addition, so long as any principal or interest with respect to any Hard Credit Extension (defined as Credit Extensions other than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstanding, Bank shall be entitled to charge Borrower a "“float" ” charge in an amount equal to three (3) Business Days interestinterest (provided, however, the aforementioned “float” charge will not be applicable during any time period in which the Liquidity Ratio Threshold is in effect), at the interest rate applicable to the Advances, on all Payments received by Bank. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this Agreement. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit Borrower's ’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's ’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In addition, so long as any principal or interest with respect to any Hard Credit Extension (defined as any Credit Extensions other than for Letters of Credit, FX Forward Contracts or amounts utilized for Cash Management Services) remains outstanding, Bank shall be entitled to charge Borrower a "“float" ” charge in an amount equal to three (3) Business Days interest, at the interest rate applicable to the Advances, on all Payments received by Bank. Said float charge is not included in interest for purposes of computing Minimum Monthly Interest (if any) under this Agreement. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit Borrower's ’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower's ’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.