Calculation of interest. Interest on all Obligations shall be calculated on the basis of actual days elapsed and that an entire year's interest is earned in three hundred sixty (360) days.
Appears in 6 contracts
Samples: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)
Calculation of interest. Interest on all Obligations All interest shall accrue from day to day and be calculated on the basis actual number of actual days elapsed and that an entire year's interest is earned in on the basis of a three hundred sixty (360) daysday year.
Appears in 6 contracts
Samples: Senior Secured Revolving Credit Facility (Seacor Holdings Inc /New/), Revolving Credit Facility (Seacor Holdings Inc /New/), Credit Facility Agreement (Teekay Shipping Corp)
Calculation of interest. Interest on all Obligations All interest shall accrue from day to day and be calculated on the basis actual number of actual days elapsed and that an entire year's interest is earned in over a three hundred sixty (360) daysday year.
Appears in 5 contracts
Samples: Term Loan Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp)
Calculation of interest. Interest on all Obligations All interest shall accrue from day-to-day and be calculated on the basis actual number of actual days elapsed and that an entire year's interest is earned in on the basis of a three hundred sixty (360) daysday year.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Credit Agreement (Overseas Shipholding Group Inc)
Calculation of interest. Interest on all Obligations All interest shall accrue and be calculated on the basis actual number of actual days elapsed and that an entire year's interest is earned in on the basis of a three hundred sixty (360) daysday year.
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Calculation of interest. Interest on all Obligations All interest shall accrue and be calculated on the actual number of days lapsed and on the basis of actual days elapsed and that an entire year's interest is earned in a three hundred sixty (360) daysday year.
Appears in 3 contracts
Samples: Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore Inc/New/), Credit Agreement (Chiles Offshore LLC)
Calculation of interest. Interest on all Obligations accrues from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed and that an entire year's interest is earned in three hundred sixty (360) dayselapsed.
Appears in 1 contract
Samples: Issuer/Borrower Facility Agreement (Shurgard Storage Centers Inc)
