Common use of Computations of Interest Clause in Contracts

Computations of Interest. All computations of interest and other amounts due under the Notes and fees and other amounts due under this Agreement will be based on a 360-day year using the actual number of days occurring in the period for which such interest, fees or other amounts are payable; provided, that interest accrued at the Adjusted Base Rate shall be computed on the basis of a 365-day (or 366-day, as applicable) year.

Appears in 4 contracts

Samples: Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp)

AutoNDA by SimpleDocs

Computations of Interest. All computations of interest and other amounts due under the Notes and fees and other amounts due under this Agreement will be based on a 360-day year using the actual number of days occurring in the period for which such interest, fees or other amounts are payable; provided, that interest accrued at the Adjusted Base Rate shall be computed on the basis of a 365-day (or 366-day, as applicable) year.

Appears in 4 contracts

Samples: Credit Agreement (Oshkosh B Gosh Inc), Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp)

AutoNDA by SimpleDocs

Computations of Interest. All computations of interest and other amounts due under the Notes hereunder and fees and other amounts due under this Agreement will be based on a 360-day year using the actual number of days occurring in the period for which such interest, fees or other amounts are payable; provided, that interest accrued at the Adjusted Base Rate shall be computed on the basis of a 365-day (or 366-day, as applicable) year.

Appears in 1 contract

Samples: Credit Agreement (Servicesource International, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.