Common use of Calculations and Determinations Clause in Contracts

Calculations and Determinations. (a) All calculations of (i) interest hereunder and (ii) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 3 contracts

Samples: Credit Agreement (Wellman Inc), Credit Agreement (Hines Horticulture Inc), Credit Agreement (Bway Corp)

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Calculations and Determinations. (a) All calculations of (i) interest hereunder hereunder, and (ii) Feesthe Unused Line Fee, shall be made by the Agent, Lender on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are is payable.

Appears in 2 contracts

Samples: Credit Agreement (Brookside Technology Holdings, Corp.), Credit Agreement (Brookside Technology Holdings, Corp.)

Calculations and Determinations. (a) All calculations of (i) ------------------------------- interest hereunder and (ii) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

Calculations and Determinations. (a) All calculations of (iI) interest hereunder and (iiII) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

Calculations and Determinations. (aA) All calculations of (iI) interest hereunder and (iiII) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Credit Agreement (Weider Nutrition International Inc)

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Calculations and Determinations. (a) All calculations of (i) interest hereunder and (ii) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Petition Credit Agreement (Dan River Inc /Ga/)

Calculations and Determinations. (a) All calculations of (i) interest hereunder and (ii) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Credit Agreement (Loehmanns Holdings Inc)

Calculations and Determinations. (aA) All calculations of (iI) interest hereunder and (iiII) Fees, shall be made by the Agent, on the basis of a year of 360 days, or, if such computation would cause the interest and fees chargeable hereunder to exceed the Highest Lawful Rate, 365/366 days, in each case to the extent applicable for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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