Common use of Computation of Interest and Fees Clause in Contracts

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 24 contracts

Samples: Credit Agreement (Martin Midstream Partners Lp), Credit Agreement (Atlantic Power Corp), Credit Agreement (Enbridge Energy Partners Lp)

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Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 14 contracts

Samples: Credit Agreement (Erickson Air-Crane Inc), Second Lien Credit Agreement (Erickson Air-Crane Inc), Second Lien Credit Agreement (Erickson Air-Crane Inc)

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 14 contracts

Samples: Day Revolving Credit Agreement (Alltel Corp), Credit Agreement (Markwest Energy Partners L P), Security Agreement (Markwest Energy Partners L P)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed for so long as the actual number Prime Rate is applicable. All other computations of days elapsed. Computation of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.11(a), bear interest for one day.

Appears in 8 contracts

Samples: Bank Credit Agreement (Tennessee Valley Authority), September Maturity Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.11(a), bear interest for one day.

Appears in 8 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Computation of Interest and Fees. Computation of interest on Base Rate Loans (other than Base Rate Loans determined by reference to the Daily Floating Eurodollar Rate) shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 7 contracts

Samples: Credit Agreement (Enbridge Energy Partners Lp), Credit Agreement (Enbridge Energy Partners Lp), Credit Agreement (Enbridge Energy Partners Lp)

Computation of Interest and Fees. Computation of interest on Base Rate Loans when the Base Rate is determined by JPMorgan Chase’s “prime rate” shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 7 contracts

Samples: Credit Agreement (Comcast Corp), Credit Agreement (Comcast Corp), First Amendment (NBCUniversal Media, LLC)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.09(a), bear interest for one day.

Appears in 5 contracts

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

Computation of Interest and Fees. Computation of interest on Base Rate Loans when the Base Rate is determined by Bank of America's "prime rate" shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 5 contracts

Samples: Credit Agreement (Comcast Cable Communications Inc), Credit Agreement (Comcast Cable Communications Inc), Credit Agreement (Comcast Corp)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.11(a), bear interest for one day.

Appears in 5 contracts

Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)

Computation of Interest and Fees. Computation of interest on Base Rate Loans and commitment fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 5 contracts

Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Oil & Gas, LP), Credit Agreement (Comstock Resources Inc)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.10(a), bear interest for one day.

Appears in 4 contracts

Samples: Term Loan Agreement (EQT Corp), Credit Agreement (Danaher Corp /De/), Credit Agreement (Danaher Corp /De/)

Computation of Interest and Fees. Computation of interest on Base Rate Loans and Commitment Fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 4 contracts

Samples: Credit Agreement (Bois D Arc Energy, Inc.), Loan Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.12(a), bear interest for one day.

Appears in 4 contracts

Samples: Credit Agreement (EQT Corp), Credit Agreement (EQT Corp), Revolving Credit Agreement (EQT Corp)

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 4 contracts

Samples: Credit Agreement (Enbridge Energy Limited Partnership), Assignment and Acceptance Agreement (Enbridge Energy Partners Lp), Credit Agreement (Markwest Energy Partners L P)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, made and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan (or any such portion portion) is paid, ; provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 3 contracts

Samples: Credit Agreement (Granite Construction Inc), Credit Agreement (Granite Construction Inc), Assignment and Assumption Agreement (Granite Construction Inc)

Computation of Interest and Fees. Computation All computations of interest on determined by the Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Revolving Loan for the day on which the Revolving Loan is made, and shall not accrue on a Revolving Loan, or any portion thereof, for the day on which the Revolving Loan or such portion is paid, provided that any Revolving Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.10, bear interest for one day.

Appears in 3 contracts

Samples: Credit Agreement (Turbochef Technologies Inc), Credit Agreement (Turbochef Technologies Inc), Credit Agreement (Delta & Pine Land Co)

Computation of Interest and Fees. Computation of interest on Base Rate Loans (including Base Rate Loans determined by reference to the Daily Floating Eurodollar Rate) shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 3 contracts

Samples: Security Agreement (Enbridge Energy Partners Lp), Security Agreement (Midcoast Energy Partners, L.P.), Credit Agreement (Midcoast Energy Partners, L.P.)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.10(a), bear interest for one day.

Appears in 3 contracts

Samples: Credit Agreement (Aptargroup Inc), Credit Agreement (Aptargroup Inc), Credit Agreement (Pegasus Satellite Communications Inc)

Computation of Interest and Fees. Computation Subject to Section 10.10 hereof, computation of interest on Base Eurodollar Rate Loans shall be calculated on the basis of a year of 360 days and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on a such Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid, provided that any Term Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Cash America International Inc), Credit Agreement (Cash America International Inc)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation Subject to Section 10.10, computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Bj Services Co), Credit Agreement (Bj Services Co)

Computation of Interest and Fees. Computation of interest on Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid, ; provided that any Term Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (NBCUniversal Media, LLC), Term Loan Credit Agreement

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation Subject to Section 10.09, computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Bj Services Co), Credit Agreement (Bj Services Co)

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof Lenders than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Hispanic Express Inc), Credit Agreement (Central Financial Acceptance Corp)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans determined by reference to the Prime Rate shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.13(a), bear interest for one day.

Appears in 2 contracts

Samples: Term Loan Agreement (ONEOK Partners LP), Term Loan Agreement (Oneok Inc /New/)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans and commitment fees shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.12(a), bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Ferrellgas Partners Finance Corp), Credit Agreement (Ferrellgas Finance Corp)

Computation of Interest and Fees. Computation of interest on Base Rate Loans whose interest rate is determined by reference to the prime rate shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (Sunoco Logistics Partners L.P.), Credit Agreement (Sunoco Logistics Partners L.P.)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans determined by reference to the Citibank “prime rate” shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.13(a), bear interest for one day.

Appears in 2 contracts

Samples: Credit Agreement (ONEOK Partners LP), Credit Agreement (ONEOK Partners LP)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans when the Base Rate is determined by the definition thereof shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.shall, subject to

Appears in 1 contract

Samples: Loan Credit Agreement (Fidelity National Financial, Inc.)

Computation of Interest and Fees. Computation of interest on -------------------------------- Base Rate Loans when the Base Rate is determined by Bank of America's "prime rate" shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that -------- any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Landrys Seafood Restaurants Inc)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans based on the prime commercial lending rate of the Administrative Agent shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.12(a), bear interest for one day.

Appears in 1 contract

Samples: 364 Day Term Loan Agreement (EQT GP Holdings, LP)

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Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans determined by reference to the Prime Rate shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.13(a), bear interest for one day.. 2.12

Appears in 1 contract

Samples: Term Loan Agreement (Oneok Inc /New/)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 daysday year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Bridge Loan Credit Agreement (Pmi Group Inc)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest (including an Alternative Rate) and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and and, subject to Section 2.11(a), shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Stryker Corp)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Solectron Corp)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans (including Base Rate Loans determined by reference to the EurocurrencyTerm SOFR Reference Rate) shall be calculated made on the basis of a year of 365 days, or 366 days, as the case may beapplicable, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.12(a), bear interest for one day.. Each determination by the 102

Appears in 1 contract

Samples: Credit Agreement (Redwire Corp)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans when the Base Rate is determined by the Bank’s prime rate shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all All other types computations of interest and all fees shall be calculated made on the basis of a year of 360 days and the actual number of days elapsed, (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 daysday year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.16(a), bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Scheid Vineyards Inc)

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, elapsed which results in a higher yield to the payee thereof Lender than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Mercury General Corp)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made -------- shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Flir Systems Inc)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.09(a), bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.12(a), bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Micros Systems Inc)

Computation of Interest and Fees. Computation (a) All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid, provided that any Term Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.10(a), bear interest for one day.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (ArcLight Clean Transition Corp. II)

Computation of Interest and Fees. Computation (a) All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.shall, subject

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans (including Base Rate Loans determined by reference to the LIBOAdjusted Term SOFR Rate) shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.45 1006836498v2

Appears in 1 contract

Samples: Credit Agreement (Warner Bros. Discovery, Inc.)

Computation of Interest and Fees. Computation All computations of interest fees will be made on Base Rate Loans the basis of a 360-day year and actual days elapsed (which results in more fees being paid than if computed on the basis of a 365-day year). Interest on the unpaid principal balance of (i) each Term SOFR Loan shall be calculated on the basis of a 360-day year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest elapsed and all fees (ii) each Base Rate Loan shall be calculated on the basis of a 365 day (or 366 day, as the case may be) year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall will accrue on each Loan for from and including the day on which the Loan is made, and shall will not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall will, subject to Section 3.03 bear interest for one day.

Appears in 1 contract

Samples: Revolving Credit Agreement (J.P. Morgan Real Estate Income Trust, Inc.)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans and commitment fees shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid, provided that any Term Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.10, bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Ferrellgas Partners Finance Corp)

Computation of Interest and Fees. Computation of interest Interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which -------- it is made shall bear interest for one day.

Appears in 1 contract

Samples: Loan Agreement (Fisher Communications Inc)

Computation of Interest and Fees. Computation of interest on Base Rate Loans shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest (including interest on Eurodollar Rate Loans) and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (PostRock Energy Corp)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed for so long as the actual number Prime Rate is applicable. All other computations of days elapsed. Computation of all other types of fees and interest and all fees shall be calculated made on the basis of a 360­day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.11(a), bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

Computation of Interest and Fees. Computation Interest on Loans and fees (including Letter of interest on Base Rate Loans Credit Fees) shall be calculated made on the basis of a 360-day year for the actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), except that interest computed by reference to the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360 days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 daysleap year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 9.16, bear interest for one day.

Appears in 1 contract

Samples: Revolving Credit Agreement (TPG Specialty Lending, Inc.)

Computation of Interest and Fees. Computation All computations of interest on for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be calculated made on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation All other computations of all other types of fees and interest and all fees shall be calculated made on the basis of a 360-day year of 360 and actual days and the actual number of days elapsed, elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a higher yield to the payee thereof than a method based on a year of 365 or 366 days365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall shall, subject to Section 2.11(a), bear interest for one day.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

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