Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 4 contracts

Samples: Credit Agreement (Globalcenter Inc), Credit Agreement (Marcus Corp), Credit Agreement (Marcus Corp)

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Computation of Fees and Interest. (a) 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-day year). Interest Except as otherwise expressly set forth, 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. (b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.

Appears in 3 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.

Appears in 3 contracts

Samples: Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrowers and the Banks Lenders in the absence of manifest clear and obvious error.

Appears in 2 contracts

Samples: Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (North American Galvanizing & Coatings Inc)

Computation of Fees and Interest. (a) All computations of interest and of per annum 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-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. (b) . Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 2 contracts

Samples: Letter of Credit Facility Agreement (Municipal Mortgage & Equity LLC), Letter of Credit Facility Agreement (Municipal Mortgage & Equity LLC)

Computation of Fees and Interest. (a) 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-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. (b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company Co-Borrowers and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

Computation of Fees and Interest. (a) 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrowers and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Finance Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Banks Borrower in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Us Home & Garden Inc)

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Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (National Semiconductor Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks applicable Lenders in the absence of manifest demonstrable error.

Appears in 1 contract

Samples: Credit Agreement (Hanger, Inc.)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company Borrower and the Banks Lenders in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Computation of Fees and Interest. (a) 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-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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Hercules Technology Growth Capital Inc)

Computation of Fees and Interest. (a) All 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-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. (b) Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Banks Borrowers in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Asset Alliance Corp)

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