Common use of Computation and Payment of Interest Clause in Contracts

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) shall be payable to Agent for benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent for benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all ----------------------------------- other Obligations shall be computed on the daily principal balance on the basis of a 360 day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it -------- is made, one day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Loans shall be payable to Agent for benefit of Lenders Lender monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent for benefit of Lenders Lender on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans Revolving Loan and all other Obligations shall be computed on the daily principal balance on the basis of a 360 three hundred and sixty-five (365) day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest the BA Period applicable to such Loan or, with respect to a Base an Index Rate Loan being converted from a LIBOR BA Loan, the date of conversion of such LIBOR BA Rate Loan to such Base Index Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest the BA Period applicable to such Loan, or with respect to a Base an Index Rate Loan being converted to a LIBOR BA Rate Loan, the date of conversion of such Base Index Rate Loan to such LIBOR BA Rate Loan, shall be excluded; provided that if a Loan Revolving Advance is repaid on the same day on which it is made, one (1) day's interest shall be paid charged on that LoanRevolving Advance. Interest on Base Index Rate Loans and all other Obligations (other than LIBOR Loans) BA Rate Loans shall be payable to Agent for the benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR BA Rate Loans shall be payable to Agent for the benefit of Lenders on the last day of the applicable Interest BA Period for such BA Rate Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In additionFor purposes of disclosure under the INTEREST ACT (Canada), for each LIBOR where interest or fees are calculated pursuant hereto at a rate based upon a 365 day year (the "Stated Rate"), it is hereby agreed that the rate or percentage of interest on a yearly basis is equivalent to such Stated Rate multiplied by the actual number of days in the year divided by 365. The parties agree that (i) the principle of deemed reinvestment of interest shall not apply to any interest calculation under this Agreement or any of the other Loan having an Interest Period longer than three Documents and (3ii) months, the rates of interest accrued on such Loan shall also stipulated in this Agreement are intended to be payable on the last day of each three (3) month interval during such Interest Periodnominal rates and not effective rates or yields.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrueselapsed. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base an Index Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Index Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base an Index Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Index Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one (1) day's interest shall be paid on that Loan. Interest on Base Index Rate Loans and all other Obligations (other than LIBOR Loans) Loans shall be payable to Agent for the benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent for the benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Rate Loan or a Fixed Rate Loan, the date of conversion of such LIBOR Rate Loan or such Fixed Rate Loan to such Base Rate Loan, shall be included; included and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Rate Loan or a Fixed Rate Loan, the date of conversion of such Base Rate Loan to such LIBOR Rate Loan or such Fixed Rate Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Rate Loans shall be payable to Agent for the benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, Loans and at maturity, whether by acceleration or otherwise. Interest on LIBOR Rate Loans shall be payable to Agent for the benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Rate Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrueselapsed. In computing interest on any Loan, the date of funding of the Loan or the first (1st) day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one (1) day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Loans shall be payable to Agent for the benefit of Lenders monthly in arrears on the first (1st) day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent for the benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the ------------------------------------- Revolving Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Revolving Loan, the date of funding of the Revolving Loan or the first day of an Interest Period applicable to such Revolving Loan or, with respect to a Base Rate Loan being converted from a LIBOR Rate Loan, the date of conversion of such LIBOR Rate Loan to such Base Rate Loan, shall be included; included and the date of payment of such Revolving Loan or the expiration date of an Interest Period applicable to such Revolving Loan, or with respect to a Base Rate Loan being converted to a LIBOR Rate Loan, the date of conversion of such Base Rate Loan to such LIBOR Rate Loan, shall be excluded; provided provided, that if a Revolving Loan is repaid on the same day on which it is made, one day's interest shall be paid on that Revolving Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Rate Loans shall be payable to Agent for benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, Revolving Loans and at maturity, whether by acceleration or otherwise. Interest on LIBOR Rate Loans shall be payable to Agent for benefit of Lenders on the last day of the applicable Interest Period for such Revolving Loan, on the date of any prepayment of the Revolving Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Rate Loan having an Interest Period longer than three (3) months, interest accrued on such Revolving Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall will be computed on the daily principal balance on the basis of a 360 three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrueselapsed. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall will be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall will be excluded; provided that if a Loan is repaid on the same day on which it is made, one (1) day's ’s interest shall will be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) shall Loans will be payable to Agent for the benefit of Lenders monthly in arrears on the first day of each month, on the date of any voluntary prepayment of LoansLoans that is accompanied by a reduction in the Commitments, if permitted by this Agreement, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall will be payable to Agent for the benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any voluntary prepayment of Loans that is accompanied by a reduction in the LoansCommitments, if permitted by this Agreement, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall will also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 day year for the actual number of days elapsed in the period during which it accrueselapsed. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Loans shall be payable to Administrative Agent for benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Administrative Agent for benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all ----------------------------------- other Obligations shall be computed on the daily principal balance on the basis of a 360 360-day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Prime Rate Loan being converted from a LIBOR Rate Loan, the date of conversion of such LIBOR Rate Loan to such Base Prime Rate Loan, shall be included; included and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Prime Rate Loan being converted to a LIBOR Rate Loan, the date of conversion of such Base Prime Rate Loan to such LIBOR Rate Loan, shall be excluded; provided that if a Loan is repaid on -------- the same day on which it is made, one day's interest shall be paid on that Loan. Interest on Base Prime Rate Loans and all other Obligations (other than LIBOR Loans) Rate Loans shall be payable to Agent Agent, for the benefit of Lenders Lenders, monthly in arrears on the first day of each month, on the date of any prepayment of Loans, Loans and at maturity, whether by acceleration or otherwise. Interest on LIBOR Rate Loans shall be payable to Agent Agent, for the benefit of Lenders Lenders, on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Rate Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 360-day year for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; included and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided PROVIDED that if a Loan is repaid on the same day on which it is made, one (1) day's interest shall be paid on that Loan. Interest on the Base Rate Loans and all other Obligations (other than LIBOR Loans) shall be payable to Agent Agent, for the benefit of Lenders monthly Lenders, quarterly in arrears on the first day of each monthJanuary, on the date of any prepayment of LoansApril, July and October commencing January 1996, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent Agent, for the benefit of Lenders Lenders, on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, Loan and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last first day of each three (3) third month interval during such Interest Period.

Computation and Payment of Interest. Interest on the Loans and all other Obligations shall be computed on the daily principal balance on the basis of a 360 three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrueselapsed. In computing interest on any Loan, the date of funding of the Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Loan, the date of conversion of such LIBOR Loan to such Base Rate Loan, shall be included; and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan, or with respect to a Base Rate Loan being converted to a LIBOR Loan, the date of conversion of such Base Rate Loan to such LIBOR Loan, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one (1) day's interest shall be paid on that Loan. Interest on Base Rate Loans and all other Obligations (other than LIBOR Loans) Loans shall be payable to Agent for the benefit of Lenders monthly in arrears on the first day of each month, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable to Agent for the benefit of Lenders on the last day of the applicable Interest Period for such Loan, on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan having an Interest Period longer than three (3) months, interest accrued on such Loan shall also be payable on the last day of each three (3) month interval during such Interest Period.