Common use of Interest Payment Dates; Interest and Fee Basis Clause in Contracts

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

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Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the Maturity Date applicable to such outstanding principal amount of any Alternate Base Rate LoanLoan converted into a Eurodollar Base Rate Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Non-Absolute Bid Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Non-Absolute Bid Rate Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Non-Absolute Bid Rate Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-three month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate)Interest, Ticking Facility Fees and other fees hereunder, such interest or fees Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-360 day year and (b) year, except that interest on Loans which are Alternate Base Rate Loans where the interest is calculated based on the Alternate Base Rate, such interest Prime Rate shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate 366, day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If Whenever any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become under the Loan Documents would otherwise be due on a day which that is not a Business Day, such payment shall instead be made due on the next succeeding Business Day; provided, however, that if such next succeeding Business Day and, falls in the case of a principal paymentnew calendar month, such extension payment shall instead be due on the immediately preceding Business Day. If the date any payment under the Loan Documents is due is extended (whether by operation of any Loan Document, Applicable Law or otherwise), such payment shall bear interest for such extended time at the rate of interest applicable hereunder. Interest at the Overdue Rate shall be included in computing interest, fees and commissions in connection with such paymentpayable on demand.

Appears in 4 contracts

Samples: Assignment Agreement (WGL Holdings Inc), Assignment Agreement (Washington Gas Light Co), Assignment Agreement (Washington Gas Light Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time), in the case of a Loan denominated in Dollars or (y) the Applicable Time, in the case of a Loan denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Closing Date, on any date on which the Alternate Base such Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurocurrency Loan Eurodollar Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Swingline Loan shall be payable on demandthe day that such Loan is required to be repaid. With respect to (a) interest Interest accrued on all Loans (other than Alternate Base Rate Loans where the interest any Advance that is based not paid when due shall be payable on demand and on the Alternate Base Rate), Ticking Fees date of payment in full. Interest on Eurodollar Advances and other fees hereunder, such interest or fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest year. Interest on Loans which are Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate, such interest Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Central Illinois Public Service Co), Credit Agreement (Ameren Corp), Credit Agreement

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Closing Date, on any date on which the Alternate Base such Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance or Indexed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance or Indexed Rate Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance or Indexed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on the date on which the Absolute Rate Advance is prepaid, whether by acceleration or otherwise, at maturity, and on such intervening dates prior to the maturity thereof as may be specified by the Borrower in the applicable Competitive Bid Quote Request and agreed to by the applicable Lender in the applicable Competitive Bid Quote. Notwithstanding the foregoing, interest accrued pursuant to Section 2.11 2.13 shall be payable on demand. With respect to (a) interest Interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate)Eurocurrency Advances, Ticking Competitive Bid Advances and Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year year, and (b) interest on Loans which are Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate, such interest Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year (except for interest on Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365-day year). Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York timeLocal Time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 3 contracts

Samples: Assignment Agreement (General Dynamics Corp), Credit Agreement (General Dynamics Corp), Assignment Agreement (General Dynamics Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan and each LIBOR Market Index Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base such Floating Rate Loan or LIBOR Market Index Rate Loan is prepaidpaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Loan converted into a Eurodollar Loan or LIBOR Market Index Rate Loan on a day other than a Payment Date shall be payable on the Maturity date of conversion. Interest accrued on that portion of the outstanding principal amount of any LIBOR Market Index Rate Loan converted into a Floating Rate Loan on a day other than a Payment Date applicable to such Alternate Base Rate Loanshall be payable on the date of conversion. Interest accrued on each Eurocurrency Eurodollar Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency such Eurodollar Loan is prepaidpaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Eurodollar Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate)Interest, Ticking Commitment Fees, Utilization Fees, LC Fees and other fees hereunder, such interest or fees LC Fronting Fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except that interest on Loans which are Alternate Base Floating Rate Loans where the interest is accruing at a rate based on the Alternate Base Rate, such interest Reference Rate shall be calculated for actual days elapsed computed on the basis of a 365/366365- or 366-day year, as applicable. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York time) at the place of payment). If any payment of principal of or interest on a Loan, any fees Loan or any other amounts payable to any Agent or any Lender hereunder payment of fees in connection herewith shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day andDay, in the case of a principal payment, and such extension of time shall be included reflected in computing interestinterest or fees, fees and commissions in connection with such paymentas the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Sound Energy Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate Base Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a EurodollarSOFR Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan EurodollarSOFR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan EurodollarSOFR Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan EurodollarSOFR Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Floating Rate Advances when the Alternate Base Rate Loans where is determined by the interest is based Prime Rate shall be calculated for actual days elapsed on the Alternate Base Rate)basis of a 365, Ticking or when appropriate 366, day year. All other computations of interest, LC Fees and all other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) noon at the place of payment. If Except as set forth in the second proviso to the definition of “Interest Period,” if any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, interest and fees and commissions in connection with such payment. In connection with the use or administration of Term SOFR, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Agent will promptly notify Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Samples: Credit Agreement (Oklahoma Gas & Electric Co), Credit Agreement (Oklahoma Gas & Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate Base Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Eurodollar Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest Interest on all Eurodollar Advances, Swing Line Loans (other than Alternate Base Swingline Loans that are Floating Rate Loans where the interest is based on the Alternate Base RateAdvances), Ticking LC Fees and all other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest year. Interest on Loans which are Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate, such interest Advances shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate 366, day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York Charlotte, North Carolina time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, interest and fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan and each LIBOR Market Index Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Agreement Date, on any date on which the Alternate Base Rate Loan or LIBOR Market Index Rate Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Loan converted into a LIBOR Rate Loan on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency LIBOR Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency LIBOR Rate Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-three month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate)Interest, Ticking Facility Fees and other fees hereunder, such interest or fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-360 day year and (b) year, except that interest on Loans which are Alternate Base Rate Loans where the interest is calculated based on the Alternate Base Rate, such interest Prime Rate shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate 366, day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If Whenever any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become under the Loan Documents would otherwise be due on a day which that is not a Business Day, such payment shall instead be made due on the next succeeding Business Day; provided, however, that if such next succeeding Business Day and, falls in the case of a principal paymentnew calendar month, such extension payment shall instead be due on the immediately preceding Business Day. If the date any payment under the Loan Documents is due is extended (whether by operation of any Loan Document, Applicable Law or otherwise), such payment shall bear interest for such extended time at the rate of interest applicable hereunder. Interest at the Overdue Rate shall be included in computing interest, fees and commissions in connection with such paymentpayable on demand.

Appears in 2 contracts

Samples: Credit Agreement (WGL Holdings Inc), Credit Agreement (WGL Holdings Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance (other than a Swing Line Loan) shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first such date Payment Date to occur after the Funding Closing Date, on any date on which the Alternate Base Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Swing Line Loan shall be payable on demand. With respect to the last day of each calendar month (aincluding the first day of such month but not including the last day of such month) interest on all Loans (other than Alternate Base Rate Loans where the interest is based and on the Alternate Base RateMaturity Date (it being understood and agreed that the Borrower shall pay any accrued and unpaid interest in respect of the Existing Swing Line Loans upon the first of such dates to occur after the Closing Date). Interest on Eurocurrency Advances, Ticking Swing Line Loans, LC Fees and all other fees hereunder, such interest or fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Revolving Loans denominated in British Pounds Sterling, which are Alternate Base Rate Loans where the interest is based shall be calculated for actual days elapsed on the Alternate Base Rate, such interest basis of a 365/366-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York timeLocal Time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate such Base Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month three‑month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Foreign Currency Swing Loan, on each Euro Swing Loan and on each U.S. Swing Loan shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where paid by the interest is based applicable Borrower on the Alternate Base Rate), Ticking Fees Maturity Date therefor and other fees hereunderon any date on which such Foreign Currency Swing Loan, such interest Euro Swing Loan or such U.S. Swing Loan is prepaid, whether due to acceleration or otherwise. Interest and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) 360‑day year, except for interest on Loans which are Alternate Base Rate Loans where calculated by reference to the interest is based on the Alternate Base Rate“prime rate” of Bank of America and Foreign Currency Swing Loans and Revolving Loans denominated in Pounds Sterling, such interest as applicable, which shall be calculated for actual days elapsed on the basis of a 365/366365‑day year or when appropriate, a 366-day year. Interest shall be payable by the applicable Borrower for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (Visa Inc.), Assignment and Assumption (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan and each LIBOR Daily Floating Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, and on any date on which the Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan (other than LIBOR Daily Floating Rate Loans) shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Revolving Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section ‎Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time), in the case of a Loan denominated in Dollars or (y) the Applicable Time, in the case of a Loan denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan, on any date on which the Alternate Base Rate Loan Loan, is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees ) and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees ) and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan ABR Advance shall be payable monthly, with such payment being due, with respect to any calendar month, not later than the fifth day after submission by the Administrative Agent to the Borrower of an invoice for such calendar month (or portion thereof in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loancase of August 2018). Interest accrued on each Eurocurrency Loan Term SOFR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Term SOFR Advance is prepaid, whether by due to acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Term SOFR Advance having an Interest Period longer than three (3) months shall also be payable on each day prior to the last day of each three-month interval during such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. Interest accrued pursuant to Section 2.11 on each Daily Simple SOFR Advance shall be payable on demand. With monthly, with such payment being due, with respect to (a) interest on all Loans (other any calendar month, not later than Alternate Base Rate Loans where the interest is based fifth day after submission by the Administrative Agent to the Borrower of any invoice in arrears on the Alternate Base Ratelast day for such calendar month (or portion thereof in the case of October, 2022), Ticking Fees on any date on which the Daily Simple SOFR Advance is prepaid, whether due to acceleration or otherwise, and other at maturity. Interest and fees hereunder, such interest or fees under this Agreement shall be calculated for actual days elapsed on the basis of a 360-day year and (b) except that interest on Loans which are Alternate Base ABR Advances made at the Prime Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366365-day (or, if applicable, 366-day) year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, and such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Forestar Group Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Borrowing shall be payable in arrears on each Payment Date, commencing with the first such date Payment Date to occur after the Funding Closing Date, on any date on which the Alternate Base Floating Rate Loan Borrowing is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on the Maturity outstanding principal amount of any Floating Rate Borrowing converted into a Eurocurrency Borrowing on a day other than a Payment Date applicable to such Alternate Base Rate Loanshall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan Borrowing shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Borrowing is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Borrowing having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on Eurocurrency Borrowings, and all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees and other fees hereunder, such interest or fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest year. Interest on Loans which are Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate, such interest Borrowings shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan Borrowing is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York local time) at the place of payment. If any payment of principal of or interest on a LoanBorrowing, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Effective Date, on any date on which the Alternate Base Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and on the Maturity Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date applicable to such Alternate Base Rate Loanshall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans Advances (other than Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans Advances which are Alternate Base Floating Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 (x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (in the case of a payment received from WBA, New York time, and in the case of a payment received from the Designated Borrower, London time), in the case of a Loan denominated in Dollars or (y) the Applicable Time, in the case of a Loan denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Effective Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Date. Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate LoanLoan converted into a Eurocurrency Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees Loans) and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base RateLoans, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York Pacific time) ), at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan and each LIBOR Daily Floating Rate shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, and on any date on which the Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan (other than LIBOR Daily Floating Rate Loans) shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanDate. Interest accrued on each Eurocurrency SOFR Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency such SOFR Rate Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Term SOFR Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 ‎Section 2.09 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking the Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan ABR Advance shall be payable monthly, with such payment being due, with respect to any calendar month, not later than the fifth day after submission by the Administrative Agent to the Borrower of an invoice for such calendar month (or portion thereof in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loancase of September 2012). Interest accrued on each Eurocurrency Loan Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Fixed Rate Advance is prepaid, whether by due to acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last first day of each three-month interval calendar quarter during such Interest Period. Interest accrued pursuant to Section 2.11 on each Daily Simple SOFR Advance shall be payable on demand. With monthly, with such payment being due, with respect to any calendar month, not later than the fifth day after submission by the Administrative Agent to the Borrower of any invoice for such calendar month (a) interest on all Loans (other than Alternate Base Rate Loans where or portion thereof in the interest is based on the Alternate Base Ratecase of October, 2022), Ticking Fees on any date on which the Daily Simple SOFR Advance is prepaid, whether due to acceleration or otherwise, and other at maturity. Interest and fees hereunder, such interest or fees under this Agreement shall be calculated for actual days elapsed on the basis of a 360-day year and (b) except that interest on Loans which are Alternate Base ABR Advances made at the Prime Rate Loans where the interest is based on the Alternate Base Rate, such interest and Absolute Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day (or, if applicable, 366-day) year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Horton D R Inc /De/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be is payable in arrears on each Payment Datebeginning August 1, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise2016, and on the Maturity Date applicable to same date of each consecutive month thereafter (except that if a given month does not have such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on a date, the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwisesuch month), and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable date of any prepayment on the last day amount prepaid, plus a final interest payment with the final payment of each three-month interval during such Interest Periodprincipal. Interest accrued pursuant to Section 2.11 2.10 shall be payable on demand. With respect to (a) interest Interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York timeDenver Time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day andDay. If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lender determines that (i) the Senior Cash Flow Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Senior Cash Flow Leverage Ratio would have resulted in higher pricing for such period, the case Borrower shall immediately and retroactively be obligated to pay to the Lender promptly upon demand (or, after the occurrence of a principal paymentan actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such extension period over the amount of time shall be included in computing interest, interest and fees and commissions in connection with actually paid for such paymentperiod.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance, Same Day Dollar Advance or Tranche B Same Day Multi-Currency Advance shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate Base Rate Loan such Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Advance, Same Day Dollar Advance or Tranche B Same Day Multi-Currency Advance converted into a Eurocurrency Rate Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Rate Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Rate Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Rate Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Swing Loan shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where paid by the interest is based applicable Borrower on the Alternate Base Rate)Maturity Date therefor and on any date on which such Swing Loan is prepaid, Ticking Fees whether due to acceleration or otherwise. Interest and other fees hereunder, such interest or commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Loans which are Alternate Base Rate Loans where calculated by reference to the interest is based on the Alternate Base Rate“prime rate” of Bank of America and Swing Loans denominated in Sterling and Revolving Loans denominated in Sterling, such interest which shall be calculated for actual days elapsed on the basis of a 365/366365-day year or when appropriate, a 366-day year. Interest shall be payable by the applicable Borrower for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Effective Date, and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and . Interest accrued on that portion of the Maturity Date applicable to such outstanding principal amount of any Alternate Base Rate LoanLoan converted into a Eurocurrency Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base RateLoans), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base RateLoans, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York Pacific time) ), at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (SALESFORCE.COM, Inc.)

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Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan and each LIBOR Daily Floating Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, and on any date on which the Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan (other than LIBOR Daily Floating Rate Loans) shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section ‎Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Revolving Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance shall be payable in arrears (a) on each Payment Date, commencing with the first such date Payment Date to occur after the Funding Effective Date, (b) on any date on which the Alternate Base Rate Revolving Loan is prepaid, whether due Termination Date (with respect to acceleration or otherwiseRevolving Loan Advances), and (c) on the Term Loan Maturity Date applicable (with respect to such Alternate Base Rate Loanthe Term Loans). Interest accrued on each Eurocurrency Loan Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, on the Revolving Loan Termination Date (with respect to Revolving Loan Advances), and on the Term Loan Maturity Date applicable (with respect to such Eurocurrency Loanthe Term Loans). Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 2.9 shall be payable on demand. With respect to (a) interest Interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees Advances and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except that interest on Loans which are Alternate Base Rate Loans where the interest is calculated based on the Alternate Base Rate, such interest Rate shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York Eastern time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become an Advance becomes due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day andDay. If the Administrative Agent receives any payment from the Borrower pursuant to this Section 2.13 before 12:00 p.m. (Eastern time) on any Business Day, in the case of a principal paymentAdministrative Agent shall remit such proceeds ratably to the Lenders by 3:00 p.m. (Eastern time) on such Business Day. If the Administrative Agent receives any payment from the Borrower pursuant to this Section 2.13 after 12:00 p.m. (Eastern time) on any Business Day, the Administrative Agent shall remit such extension of time shall be included in computing interest, fees and commissions in connection with such paymentproceeds ratably to the Lenders by 3:00 p.m. (Eastern time) on the following Business Day.

Appears in 1 contract

Samples: Credit Agreement (Bancorpsouth Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanDate. Interest accrued on each Eurocurrency SOFR Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency such SOFR Rate Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Term SOFR Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 2.09 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees ) and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance (other than a Swing Line Loan) shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first such date Payment Date to occur after the Funding Closing Date, on any date on which the Alternate Base Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Swing Line Loan shall be payable on demand. With respect to the last day of each calendar month (aincluding the first day of such month but not including the last day of such month) interest on all Loans (other than Alternate Base Rate Loans where the interest is based and on the Alternate Base RateMaturity Date (it being understood and agreed that the Borrower shall pay any accrued and unpaid interest in respect of the Existing Swing Line Loans upon the first of such dates to occur after the Closing Date). Interest on Eurocurrency Advances, Ticking 12660163v2 Swing Line Loans, LC Fees and all other fees hereunder, such interest or fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Revolving Loans denominated in British Pounds Sterling or determined by reference to the Prime Rate, which are Alternate Base Rate Loans where the interest is based shall be calculated for actual days elapsed on the Alternate Base Rate, such interest basis of a 365/366-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York timeLocal Time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate such Base Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Foreign Currency Swing Loan, on each Euro Swing Loan and on each U.S. Swing Loan shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where paid by the interest is based applicable Borrower on the Alternate Base Rate), Ticking Fees Maturity Date therefor and other fees hereunderon any date on which such Foreign Currency Swing Loan, such interest Euro Swing Loan or such U.S. Swing Loan is prepaid, whether due to acceleration or otherwise. Interest and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Loans which are Alternate Base Rate Loans where calculated by reference to the interest is based on the Alternate Base Rate“prime rate” of Bank of America and Foreign Currency Swing Loans and Revolving Loans denominated in Pounds Sterling, such interest as applicable, which shall be calculated for actual days elapsed on the basis of a 365/366365-day year or when appropriate, a 366-day year. Interest shall be payable by the applicable Borrower for the day a Loan is made but not for the day of any 38 364-Day Revolving Credit Agreement payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Effective Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Date. Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate LoanLoan converted into a Eurocurrency Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base RateLoans), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base RateLoans, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 1:00 p.m. (New York Pacific time) ), at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate such Base Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Foreign Currency Swing Loan, on each Euro Swing Loan and on each U.S. Swing Loan shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where paid by the interest is based applicable Borrower on the Alternate Base Rate)Maturity Date therefor, Ticking Fees on any date on which such Foreign Currency Swing Loan or such Euro Swing Loan is prepaid, whether due to acceleration or otherwise, and other at maturity. Interest, facility fees hereunder, such interest or and utilization fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Loans which are Alternate Base Rate Loans where calculated by reference to the interest is based on the Alternate Base Rate“prime rate” of Bank of America, such interest Foreign Currency Swing Loans and Revolving Loans denominated in Pounds Sterling or Yen, as applicable, which shall be calculated for actual days elapsed on the basis of a 365/366365-day year or when appropriate, a 366-day year. Interest shall be payable by the applicable Borrower for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Alternative Base Rate Loan Advance and each Alternative Currency Daily Rate Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Effective Date, and on any date on which the Alternate Base Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate LoanAdvance converted into a Term SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration Term SOFR Advance or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan Alternative Currency Term Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section ‎Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans Advances (other than Alternate Base Rate Loans where the interest is based on the Alternate Base RatePrime Rate and SXXXX Advances and Alternative Currency Term Rate Advances based on Txxx XXXXX), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans Advances (1) which are Alternate Base Rate Loans where the interest is based on the Alternate Base Prime Rate, (2) SXXXX Advances and (3) Alternative Currency Term Rate Advances based on Txxx XXXXX, such interest shall be calculated for actual days elapsed on the basis of a 365/366-365/366 day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 (x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in an Alternative Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (GXO Logistics, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan Advance, Same Day Dollar Advance or Tranche B Same Day Multi-Currency Advance shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Funding Datedate hereof, on any date on which the Alternate Base Rate Loan such Revolving Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Base Rate Advance, Same Day Dollar Advance or Tranche B Same Day Multi-Currency Advance converted into a Eurocurrency Rate Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Rate Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the such Eurocurrency Loan Rate Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Rate Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month three‑month interval during such Interest Period. Interest accrued pursuant to Section 2.11 on each Swing Loan shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where paid by the interest is based applicable Borrower on the Alternate Base Rate)Maturity Date therefor and on any date on which such Swing Loan is prepaid, Ticking Fees whether due to acceleration or otherwise. Interest and other fees hereunder, such interest or commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year and 360‑day year, except for (bx) interest on Loans which are Alternate Base Rate Loans where calculated by reference to the interest is based on the Alternate Base Rate“prime rate” of Bank of America, such interest which shall be calculated for actual days elapsed on the basis of a 365/366365‑day year or when appropriate, a 366-day year and (y) Swing Loans denominated in Sterling and Revolving Loans denominated in Sterling, which shall be calculated for actual days elapsed on the basis of a 365‑day year. Interest shall be payable by the applicable Borrower for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan, and on any date on which the Alternate Base Rate Loan Loan, is prepaid, whether due to acceleration or otherwise, and on the Maturity Facility Termination Date applicable to such Alternate Base Rate Loan. Interest accrued on each Swing Line Loan shall be payable on any date on which such Swing Line Loan is repaid or prepaid, whether due to Section 2.07(c)(ii), acceleration or otherwise, and on the Facility Termination Date applicable to such Swing Line Loan. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Facility Termination Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time), in the case of a Loan denominated in Dollars or (y) the Applicable Time, in the case of a Loan denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateDate with respect to such Alternate Base Rate Loan, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be is payable in arrears on each Payment Datebeginning December 1, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise2016, and on the Maturity Date applicable to same date of each consecutive month thereafter (except that if a given month does not have such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on a date, the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwisesuch month), and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable date of any prepayment on the last day amount prepaid, plus a final interest payment with the final payment of each three-month interval during such Interest Periodprincipal. Interest accrued pursuant to Section 2.11 2.7 shall be payable on demand. With respect to (a) interest Interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York timeCentral Standard Time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day andDay. If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lender determines that (i) the IBD/EBITDA Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the IBD/EBITDA Leverage Ratio would have resulted in higher pricing for such period, the case Borrower shall immediately and retroactively be obligated to pay to the Lender promptly upon demand (or, after the occurrence of a principal paymentan actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such extension period over the amount of time shall be included in computing interest, interest and fees and commissions in connection with actually paid for such paymentperiod.

Appears in 1 contract

Samples: Credit Agreement (Daktronics Inc /Sd/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, Period and on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Revolving Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Date, on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate LoanDate. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanDate. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Prime Rate), Ticking Fees ) and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans Loan which are Alternate Base Rate Loans where the interest is based on the Alternate Base Prime Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Backstop Bridge Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan and each LIBOR Daily Floating Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding DateBorrowing Date with respect to such Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, and on any date on which the Alternate Base Rate Loan or LIBOR Daily Floating Rate Loan, as applicable, is prepaid, whether due to acceleration or otherwise, and on the Maturity Date applicable to such Alternate Base Rate Loan. Interest accrued on each Eurocurrency Loan (other than LIBOR Daily Floating Rate Loans) shall be payable on the last day of its applicable Interest Period, Period and on any date on which the such Eurocurrency Loan is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency LoanFacility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Ticking Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Floating Rate Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Funding Closing Date, on any date on which the Alternate Base Floating Rate Loan Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable on the Maturity Date applicable to such Alternate Base Rate Loandate of conversion. Interest accrued on each Eurocurrency Loan Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Loan Advance is prepaid, whether by acceleration or otherwise, and on the Maturity Date applicable to such Eurocurrency Loanat maturity. Interest accrued on each Eurocurrency Loan Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate)Eurocurrency Advances, Ticking Swing Line Loans, LC Fees and all other fees hereunder, such interest or fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year and (b) year, except for interest on Revolving Loans denominated in British Pounds Sterling which are Alternate Base Rate Loans where the interest is based shall be calculated for actual days elapsed on the Alternate Base Rate, such interest basis of a 365-day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. 12:00 noon (New York local time) at the place of payment. If any payment of principal of or interest on a Loanan Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Dental Co)

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