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 (or a 365 day year, in the case of Loans denominated in Pounds) for the actual number of days elapsed. 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 months, interest accrued on such Loan shall also be payable on the last day of each three month interval during such Interest Period. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.

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 (or a 365 day year, in the case of Loans denominated in Pounds) for the actual number of days elapsed. In computing interest on any Revolver Loan, the date of funding of the Revolver Loan or the first day of an Interest Period applicable to such Revolver 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, Loan shall be included; included and the date of payment of such Revolver Loan or the expiration date of an Interest Period applicable to such Revolver 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 Revolver Loan is -------- repaid on the same day on which it is made, one day's interest shall be paid on that Revolver Loan. All interest (together with any fees or other charges determined on a "per annum" basis) shall be calculated on a daily basis (computed on the actual number of days elapsed over a year of 360 days, unless reference to a 365 or 366-day year is necessary in order not to exceed the Maximum Rate), commencing on the date hereof. Interest on the Base Rate Loans and all other Obligations other than LIBOR Loans shall is to be payable to Agent for benefit of Lenders monthly paid monthly, in arrears 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 the LIBOR Rate Loans having an Interest Period of three (3) calendar months or less shall be payable to Agent for benefit of Lenders paid on the last day of the applicable each Interest Period for applicable to such Loan, Revolver Loans. Interest on the date of any prepayment of the Loans, and at maturity, whether by acceleration or otherwise. In addition, for each LIBOR Loan Rate Loans having an Interest Period longer than in excess of three months, interest accrued on such Loan (3) calendar months shall also be payable paid on the last day of each three (3) calendar month interval during such Interest Period and on the last day of such Interest Period. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.

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 (or a 365 day year, in the case of Loans denominated in Pounds) for the actual number of days elapsed. 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 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. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.

Computation and Payment of Interest. Interest on the LIBOR Loans and all ----------------------------------- other Obligations (other than the Index Rate Loans) 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. Interest on the Index Rate Loans shall be computed on the daily principal balance on the basis of a three hundred sixty five (365) day year or a 365 three hundred sixty six (366) day year, in the case of Loans denominated in Pounds) as applicable, for the actual number of days elapsed. 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 ’s interest shall be paid on that Loan. Interest on Base Index Rate Loans and all other Obligations other than LIBOR 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. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.

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 (or a 365 day year, in the case of Loans denominated in Pounds) for the actual number of days elapsedelapsed 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 Rate 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 ’s interest shall be paid charged on that LoanRevolving Advance. Interest on Base Index Rate Loans and all other Obligations other than LIBOR 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 in arrears 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 Loan having an Interest Period longer than three monthswhere 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 accrued on a yearly basis is equivalent to such Loan shall also be payable on Stated Rate multiplied by the last day actual number of each three month interval during such Interest Period. Interest on any Loan or Advance shall accrue and shall be paid days in the Available Currency 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 Documents and (ii) the rates of interest stipulated in which such Loan this Agreement are intended to be nominal rates and not effective rates or Advance was madeyields.

Computation and Payment of Interest. Interest Except as expressly set forth herein, interest on the Loans and all ----------------------------------- other Obligations shall be computed on the daily principal balance thereof on the basis of of, (x) with respect to SOFR Loans and Obligations bearing interest at rates determined by reference to SOFR, a 360 three hundred sixty (360) day year for the actual number of days elapsed, and (y) with respect to all other Loans (including Swingline Loans) and Obligations, a three hundred sixty-five (365) or a 365 three hundred sixty-six (366) day year, in the case of Loans denominated in Pounds) as applicable, for the actual number of days elapsed. 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 SOFR Loan, the date of conversion of such LIBOR SOFR 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 SOFR Loan, the date of conversion of such Base Rate Loan to such LIBOR SOFR Loan, shall 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 be paid on that Loan. Interest on Base Rate Loans and all other Obligations other than LIBOR SOFR Loans shall be payable to Agent for the benefit of the Lenders monthly quarterly in arrears on the first day of each monthquarter, on the date of any prepayment of Loans, and at maturity, whether by acceleration or otherwise. Interest on LIBOR SOFR Loans shall be payable to Agent for the benefit of the 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 interest on each LIBOR SOFR 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. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.

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 (or a 365 day year, in the case of Loans denominated in Pounds) for the actual number of days elapsedelapsed 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 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. Interest on any Loan or Advance shall accrue and shall be paid in the Available Currency in which such Loan or Advance was made.