Borrowing Base Computation Selection and Allocation of Interest Rates Sample Clauses

Borrowing Base Computation Selection and Allocation of Interest Rates. Inability to Determine Rates; Changes in Legality; LIBO Successor Rates 37 SECTION 2.04. Letter of Credit Subfacility 40 SECTION 2.05. Interest and Fees 49 SECTION 2.06. Repayment 49 SECTION 2.07. Application of Collections Prior to Termination Date 50 SECTION 2.08. Application of Collections After Termination Date 52 SECTION 2.09. Deemed Collections 53 SECTION 2.10. Payments and Computations, Etc. 53 SECTION 2.11. [Reserved] 54 SECTION 2.12. Increased Costs 54 SECTION 2.13. Indemnity for Taxes 55 SECTION 2.14. Taxes; FATCA 58 SECTION 2.15. Security Interest 60 SECTION 2.16. Release of Security Interest 61 SECTION 2.17. Evidence of Debt 61 ARTICLE III CONDITIONS OF EFFECTIVENESS AND LOANS 61 SECTION 3.01. Conditions Precedent to Effectiveness and Initial Credit Extension 61 SECTION 3.02. Conditions Precedent to All Credit Extensions and Releases 62 ARTICLE IV REPRESENTATIONS AND WARRANTIES 62
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Borrowing Base Computation Selection and Allocation of Interest Rates 

Related to Borrowing Base Computation Selection and Allocation of Interest Rates

  • Determination of Interest Rate (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

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