Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 18 contracts

Samples: Credit Agreement (Van Kampen Prime Rate Income Trust), Credit Agreement (Van Kampen Prime Rate Income Trust), Credit Agreement (Van Kampen Prime Rate Income Trust)

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Computation of Fees and Interest. (a) All computations of interest on the basis of the for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 13 contracts

Samples: Credit Agreement (Breitburn Energy Partners LP), Credit Agreement, Credit Agreement (Breitburn Energy Partners LP)

Computation of Fees and Interest. (a) All computations of interest on the basis of the for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-365 day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 10 contracts

Samples: Term Loan Agreement (Venoco, Inc.), Credit Agreement (Exploration Co of Delaware Inc), Term Loan Agreement (Venoco, Inc.)

Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest (other than interest on Base Rate Loans) shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365-day year). Interest on Base Rate Loans shall be computed on the basis of a 365/366-day year and actual days elapsed. Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 3 contracts

Samples: Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Renaissancere Holdings LTD)

Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more elapsed, except that interest being paid than if on Base Rate Loans shall be computed on the basis of a 365- or 366365/366-day year)year and actual days elapsed. Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereofthereof (including the first day but excluding such last day).

Appears in 2 contracts

Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Quest Resource Corp)

Computation of Fees and Interest. (a) All computations of interest on the basis of the for Base Rate Loans and of fees shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest for Offshore Rate Loans shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Payless Shoesource Inc), Multicurrency Credit Agreement (Payless Shoesource Holdings Inc)

Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate and fees shall be made on the basis of a 360 day year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and , except that interest on Base Rate Loans shall be made computed on the basis of a 360365/366-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-day year)elapsed. Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereofthereof (including the first day but excluding such last day).

Appears in 2 contracts

Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)

Computation of Fees and Interest. (a) All computations of interest Interest on the basis of the -------------------------------- Base Rate Loans and Reimbursement Obligations shall be made computed on the basis of a 365/366-day year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and other interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Computation of Fees and Interest. (a) All computations in respect of interest on the basis of at the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed365/366-day year. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365/366-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to through the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Spark Energy, Inc.)

Computation of Fees and Interest. (a) All computations of interest on the basis of determined by reference to the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, if based on the reference rate and actual days elapsed. All Except as otherwise stated in this Agreement, all other computations of fees interest and interest shall fees, if any, will be made computed on the basis of a 360-day year and the actual number of days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereofelapsed.

Appears in 1 contract

Samples: Loan Agreement (Williams Communications Group Inc)

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Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate Commitment Fee shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-day year)elapsed. Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Mettler Toledo Holding Inc)

Computation of Fees and Interest. (a) All computations of interest on the basis of when the Base Rate is determined by the Lender’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest fees or interest, as applicable, being paid than if computed on the basis of a 365- or 366365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Max Re Capital LTD)

Computation of Fees and Interest. (a) All computations of interest Interest on the basis of the Base Rate Loans and Reimbursement Obligations shall be made computed on the basis of a 365/366-day year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and other interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Computation of Fees and Interest. (a) All computations of interest on the basis of the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Abc Naco Inc)

Computation of Fees and Interest. (a) All computations in respect of interest on the basis of at the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed365/366-day year. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365- or 366365/366-day year). Interest and 4812-0911-1547, v. 7 fees shall accrue during each period during which interest or such fees are computed from the first day thereof to through the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Via Renewables, Inc.)

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