Common use of Calculation and Payment of Fees Clause in Contracts

Calculation and Payment of Fees. All of the above fees that are based on a per annum rate shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All such fees shall be payable in addition to, and not in lieu of, interest, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the applicable Payment Account in accordance with Section 3.

Appears in 3 contracts

Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)

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Calculation and Payment of Fees. All of the above fees that are based on a per annum rate shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All such fees payable hereunder shall be payable in addition to, fully earned and not in lieu of, interest, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the applicable Payment Account in accordance with Section 3nonrefundable when paid.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (SOI Holdings, Inc.)

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