Common use of Computation of Interest and Fees Clause in Contracts

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 14 contracts

Samples: Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (L 3 Communications Corp), Subsidiary Guarantee Agreement (L 3 Communications Corp)

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Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 12 contracts

Samples: Credit Agreement (DoubleVerify Holdings, Inc.), Credit Agreement (DoubleVerify Holdings, Inc.), Credit Agreement (Cco Holdings Capital Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees commissions payable pursuant hereto shall be calculated on the basis of the actual number of days elapsed over a 365- (year of 365 or 366-366 days, as the case may be) day , when determined by reference to the Prime Rate and over a year for the actual of 360 days elapsed; at all other interest shall be calculated on the basis of a 360-day year for the actual days elapsedtimes. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 8 contracts

Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated computed on the basis of (i) a 365- 360 day year for actual days elapsed for Eurodollar Loans and (ii) a 365 day or 366-366 day, as the case may be) day , year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year elapsed for the actual days elapsedFed Rate Loans and for fees under this Agreement. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of each determination of a Eurodollar Rate or of a Fed Rate. Any change in the interest rate on a Loan resulting from a change in the Base Fed Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of the such effective date and the amount of each such change in interest rate.

Appears in 7 contracts

Samples: Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard LTD), Credit Agreement (Lazard Group LLC)

Computation of Interest and Fees. (a) Interest Commitment fees and, whenever it is calculated on Base Rate Loans and fees the basis of the ABR, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements ABR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 6 contracts

Samples: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp)

Computation of Interest and Fees. (a) Interest Whenever it is calculated on Base Rate Loans and fees the basis of the Prime Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest and fees shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the Base ABR, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the Eurocurrency C/D Reserve Requirements Percentage shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 6 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

Computation of Interest and Fees. (a) Interest on in respect of the Alternate Base Rate Loans and fees bearing interest at a rate based upon clause (a) of the definition of “Alternate Base Rate” shall be calculated on the basis of a 365- (365 or 366-366-day year, as the case may be) day year , for the actual days elapsed; all other . Interest in respect of the Alternate Base Rate Loans bearing interest at a rate based upon the Federal Funds Effective Rate and the Eurodollar Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall will, as soon as practicable practicable, notify the Borrower Company and the Lenders of each determination of a Eurodollar RateRate and of any change in the Alternate Base Rate and the effective date thereof. Any change in the interest rate on a an Alternate Base Rate Loan resulting from a change in the Alternate Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes shall become effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 5 contracts

Samples: Term Loan Agreement (Revlon Consumer Products Corp), Term Loan Agreement (Revlon Consumer Products Corp), Loan Agreement (Revlon Consumer Products Corp)

Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to Base Rate Loans and fees Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 4 contracts

Samples: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to Base Rate Loans and fees Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Term Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 4 contracts

Samples: Credit Agreement (Calpine Corp), Credit Agreement (Micron Technology Inc), Credit Agreement (Calpine Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated computed on the basis of (i) a 365- 360 day year for actual days elapsed for Eurodollar Loans and (ii) a 365 day or 366-366 day, as the case may be) day , year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year elapsed for the actual days elapsedBase Rate Loans and for fees under this Agreement. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of each determination of a Eurodollar Rate or of a Base Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of the such effective date and the amount of each such change in interest rate.

Appears in 4 contracts

Samples: Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard LTD), Credit Agreement (Lazard LTD)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated (other than interest based on the basis of a 365- (or 366-, as the case may bePrime Rate) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed; and commitment fees and interest based on the Prime Rate shall be calculated on the basis of a 365-day year (or 366-day year, as the case may be) for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of each determination of a Eurodollar Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate.

Appears in 3 contracts

Samples: Credit Agreement (Hertz Global Holdings Inc), Credit Agreement (Hertz Global Holdings Inc), Credit Agreement (Hertz Global Holdings Inc)

Computation of Interest and Fees. (a) Interest (other than interest based on Base the Prime Rate) shall be calculated on the basis of a 360-day year for the actual days elapsed; and commitment fees and interest based on the Prime Rate Loans and fees shall be calculated on the basis of a 365- (or 366-366-day year, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of each determination of a Eurodollar Eurocurrency Rate. Any change in the interest rate on a Term Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate.

Appears in 3 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc), Investment Agreement (Nci Building Systems Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees Whenever it is calculated by reference to the defined term “ABR”, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest and the facility fee shall be calculated on the basis of a 360-day year for the actual days elapsed. The Managing Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders of each determination of a Eurodollar London Interbank Offered Base Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Managing Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 3 contracts

Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers’ Agent and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers’ Agent and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 3 contracts

Samples: Credit Agreement (SunCoke Energy Partners, L.P.), Term Loan Credit Agreement (SunCoke Energy Partners, L.P.), Term Loan Credit Agreement

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 365- (or 366-, as the case may be) 365-day year for the actual days elapsed; all other interest . Fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements Statutory Reserves shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.)

Computation of Interest and Fees. (a) Interest Commitment fees and interest on Base Rate ABR Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other , and interest on Eurodollar Loans shall be calculated on the basis of a 360-360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower HCLP and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base ABR, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the Eurocurrency C/D Reserve Requirements Percentage shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower HCLP and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Hanover Compressor Co /), Credit Agreement (Hanover Compressor Co /)

Computation of Interest and Fees. (a) Interest based on Base the Eurodollar Rate Loans and fees shall be calculated on the basis of a 360-day year for the actual days elapsed; and interest based on the ABR shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Radio One Inc), Credit Agreement (Radio One Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower relevant Borrowers and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower relevant Borrowers and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Colony Credit Real Estate, Inc.), Guarantee and Collateral Agreement (Colony NorthStar Credit Real Estate, Inc.)

Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to Base Rate Loans and fees Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Lantheus Holdings, Inc.), Guarantee and Collateral Agreement (Lantheus Holdings, Inc.)

Computation of Interest and Fees. (a) Interest Commitment fees and, whenever it is calculated on Base Rate Loans and fees the basis of the ABR, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual number of days elapsed; all other otherwise, interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements ABR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative , and the Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to amounts for which the rate of interest is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Knight Capital Group, Inc.), Credit Agreement (Knight Capital Group, Inc.)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest commissions payable pursuant hereto shall be calculated on the basis of a 360-day year for (or 365 or 366 days, as the actual days elapsedcase may be, in the case of Base Rate Loans that are based on Credit Suisse’s prime rate). The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)

Computation of Interest and Fees. (a) Interest on Alternate Base Rate Loans and fees shall be calculated on the basis of a 365- (or 366-, 366- as the case may be) day year for the actual days elapsed; all other interest . Interest on Eurodollar Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar LIBO Rate. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes in the applicable rate shall become effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest ratethe Alternate Base Rate.

Appears in 2 contracts

Samples: Term Loan Agreement (Questar Corp), 364 Day Revolving Credit Agreement (Questar Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees commissions payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed with respect to Eurodollar Loans and on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsedelapsed with respect to Base Rate Loans. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Grand Union Co /De/), Credit Agreement (Grand Union Co /De/)

Computation of Interest and Fees. (a) Interest All fees and all interest on Base Rate Eurodollar Loans and fees shall be calculated on the basis Cost of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest Funds Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on Base Rate Loans shall be calculated on the basis of a 365/366 day year, as the case may be, for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a each Eurodollar RateRate for any Eurodollar Loans outstanding. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.), Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.)

Computation of Interest and Fees. (a) Interest Commitment fees and, whenever it is calculated on Base Rate Loans and fees the basis of the Prime Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Corp/De/), Credit Agreement (Unidigital Inc)

Computation of Interest and Fees. (a) Interest Commitment fees and interest on Base Rate ABR Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other , and interest on Eurodollar Loans shall be calculated on the basis of a 360-360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower HCC and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base ABR, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the Eurocurrency C/D Reserve Requirements Percentage shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower HCC and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Hanover Compressor Co), Credit Agreement (Hanover Compressor Co /)

Computation of Interest and Fees. (a) Interest Facility fees and, whenever it is calculated on Base Rate Loans and fees the basis of the ABR, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual number of days elapsed; all other otherwise, interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements ABR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative , and the Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 2 contracts

Samples: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum L P)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest commissions payable pursuant hereto shall be calculated on the basis of a 360-day year for (or 365 or 366 days, as the actual days elapsedcase may be, in the case of Base Rate Loans that are based on Credit Suisse's prime rate). The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

Computation of Interest and Fees. (a) Interest The Revolving Credit Commitment Fee and, whenever it is calculated on the basis of the Base Rate Loans and fees Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Computation of Interest and Fees. (a) Interest All fees and interest on Base Rate Eurodollar Loans and fees shall be calculated on the basis Cost of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest Funds Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on Base Rate Loans shall be calculated on the basis of a 365/366-day year, as the case may be, for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a each Eurodollar RateRate for any Eurodollar Loans outstanding. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners, L.P.)

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Computation of Interest and Fees. (a) Interest on Base Rate Loans Commitment fees and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year (or 365 or 366 days, as the case may be, in the case of interest on ABR Loans based on the Prime Rate) for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Revolving Credit Loan or a Swingline Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements Requirements, as applicable, shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Envirosource Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated (other than interest based on the basis of a 365- (or 366-, as the case may bePrime Rate) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed; and commitment fees and interest based on the Prime Rate, shall be calculated on the basis of a 365-day year (or 366-day year, as the case may be) for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of each determination of a Eurodollar Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Hertz Global Holdings Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees commissions payable pursuant hereto shall be calculated on the basis of a 365- 365-day (or 366-366-day, as the case may be) day year for the actual days elapsed; all other , except that, with respect to Eurodollar Loans, the interest thereon shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Symetra Financial CORP)

Computation of Interest and Fees. (a) Interest on Commitment fees and -------------------------------- Alternate Base Rate Loans and fees interest shall be calculated on the basis of a 365- (or 366-, as the case may be) 365/366 day year for the actual days elapsed; all other and Eurodollar Rate interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Four Media Co)

Computation of Interest and Fees. (a) Interest Commitment fees and, -------------------------------- whenever it is calculated on Base Rate Loans and fees the basis of the Prime Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Zhone Technologies Inc)

Computation of Interest and Fees. (a) Interest All fees and interest on Base Rate Eurodollar Loans and fees shall be calculated on the basis Cost of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest Funds Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on Base Rate Loans shall be calculated on the basis of a 365/366-day year, as the case may be, for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers and the Lenders of each determination of a each Eurodollar RateRate for any Eurodollar Loans outstanding. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Borrowers and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans, the rate of interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Pg&e Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Interest, fees and fees shall commissions payable pursuant heretoshall be calculated on the basis of the actual number of days elapsed over a 365- (year of 365 or 366-366 days, as the case may be) day , when determined by reference to the Prime Rate and over a year for the actual of 360 days elapsed; at all other interest shall be calculated on the basis of a 360-day year for the actual days elapsedtimes. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and facility fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest . Interest on Eurodollar Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Computation of Interest and Fees. (a) Interest Facility fees and, whenever it is calculated on Base Rate the basis of the Prime Rate, interest on ABR Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements ABR shall become effective as of the opening of business on the day on which such change in the ABR is announced or such change in the C/D Assessment Rate or the C/D Reserve Percentage becomes effective, as the case may be. The Administrative Agent shall as soon as practicable notify the Borrower Company and the Lenders Banks of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: First Data Corp

Computation of Interest and Fees. (a) Interest (other than interest based on Base the Prime Rate) shall be calculated on the basis of a 360-day year for the actual days elapsed; and commitment fees and interest based on the Prime Rate Loans and fees shall be calculated on the basis of a 365- (or 366-366-day year, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of each determination of a Eurodollar Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Parent Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Hertz Corp)

Computation of Interest and Fees. (a) Interest Commitment fees and interest on Base Rate ABR Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other , and interest on Eurodollar Loans shall be calculated on the basis of a 360-360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower HCC and the Lenders Banks of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base ABR, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the Eurocurrency C/D Reserve Requirements Percentage shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower HCC and the Lenders Banks of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

Computation of Interest and Fees. (a) Interest Facility fees and, whenever it is calculated on Base Rate Loans and fees the basis of the Prime Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest 30 shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest ratethe Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Burlington Northern Santa Fe Corp)

Computation of Interest and Fees. (a) Interest on Commitment fees and Alternate Base Rate Loans and fees interest shall be calculated on the basis of a 365- (or 366-, as the case may be) 365/366 day year for the actual days elapsed; all other and Eurodollar Rate interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Eurocurrency Eurodollar Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall shall, as soon as practicable practicable, notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and commitment fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest . Interest on Eurodollar Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements Requirement, shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Paxson Communications Corp)

Computation of Interest and Fees. (a) Interest on Base Rate Loans Commitment fees and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest shall be calculated on the basis of (i) with respect to Eurodollar Loans and commitment fees, a 360-day year for the actual days elapsed and (ii) with respect to Base Rate Loans, a 365/366 day year for actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Pledge Agreement (Denali Inc)

Computation of Interest and Fees. (a) Interest on Base Rate Loans and fees shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other interest . Interest on Eurodollar Loans and fees shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders Banks of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements Applicable Margin shall become effective as of the opening of business on the day on which such change in the Base Rate is announced or such change in the Applicable Margin becomes effective, as the case may be. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders Banks of the effective date and the amount of each such change in interest rate.

Appears in 1 contract

Samples: Credit Agreement (Loral Space & Communications LTD)

Computation of Interest and Fees. (a) Interest Facility fees and, whenever it is calculated on Base Rate Loans and fees the basis of the Prime Rate, interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; all other and, otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a 30 Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest ratethe Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Burlington Northern Santa Fe Corp)

Computation of Interest and Fees. (a) Interest on Base in respect of the Reference Rate Loans and fees shall be calculated on the basis of a 365- 365 (or 366-366, as the case may be) day year for the actual days elapsed; all other interest . Interest in respect of Eurodollar Loans shall be calculated on the basis of a 360-360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate Reference Rate, the ABR, or the Eurocurrency Reserve Requirements Applicable Margin shall become effective as of the opening of business on the day on which such change becomes effectivein the ABR, or Reference Rate is announced or such Applicable Margin changes as provided herein, as the case may be. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change in interest ratechange.

Appears in 1 contract

Samples: Credit Agreement (Phillips 66 Partners Lp)

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