Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending 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. Interest and fees shall accrue during each period in which such interest or fees are computed from the first day thereof to the last day thereof.
Appears in 6 contracts
Samples: Credit Agreement (KKR & Co. Inc.), Credit Agreement (Employers Holdings, Inc.), Credit Agreement (KKR & Co. Inc.)
Computation of Fees and Interest. (a) All computations of Interest on any Loan bearing interest for Base Rate Loans when based upon the Base Rate is determined by the Administrative Agent’s prime commercial lending rate shall be made computed for the actual number of days elapsed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsedapplicable. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsedelapsed (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 in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 5 contracts
Samples: Credit Agreement (Hanger, Inc.), Credit Agreement (Hanger, Inc.), Credit Agreement (Hanger, Inc.)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate U.S. Prime Rate shall be made on the basis of a year of 365 (or 366 days, as the case may be, days in a leap year) 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. Interest and fees shall accrue during each period in which such interest or fees are computed from the first day thereof to the last day thereof.
Appears in 5 contracts
Samples: Credit Agreement (FGL Holdings), Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Blue Capital Reinsurance Holdings Ltd.)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate BofA's "reference 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 interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 3 contracts
Samples: Credit Agreement (Smith a O Corp), Credit Agreement (Smith a O Corp), Credit Agreement (Truserv Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate BofA's "reference 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Lawyers Title Corp), Credit Agreement (Lee Enterprises Inc)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Committed Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate BAI's "reference 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 interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 1 contract
Samples: Credit Agreement (Cotter & Co)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative AgentXxxxx Fargo’s “prime commercial lending rate 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative AgentWxxxx Fargo’s “prime commercial lending rate 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate BofA's "reference 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 elapsedelapsed (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 in which such interest or fees are computed from the first day thereof to the last day thereof.shall
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Computation of Fees and Interest. (a) All computations of interest for on Base Rate Loans when the Base Rate is determined by the Administrative AgentBank of America’s “prime commercial lending rate shall rate“shall be made on the basis of a 365 (or 366) day 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (aviii) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative AgentXxxxx Fargo’s “prime commercial lending rate 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) a All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate Bank of America's "reference 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 interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate BofA's "reference 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. Interest and fees shall accrue during each period in during which such interest or fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s Bank of America's "prime commercial lending rate 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate Bank of America's "reference 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 interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
Appears in 1 contract
Samples: Term Loan Agreement (Pactiv Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending 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 interest and fees and interest hereunder shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s Bank of America's "prime commercial lending rate 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 interest and fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Alternate Base Rate is determined by based on the Administrative Agent’s prime commercial lending 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. Interest and fees shall accrue during each period elapsed (which results in which such more interest or fees are being paid than if computed from on the first day thereof to the last day thereof.basis of a 365 day
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof up to the last day thereof.
Appears in 1 contract
Samples: Credit Agreement (Midstates Petroleum Company, Inc.)
Computation of Fees and Interest. (a1) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s prime commercial lending rate 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 elapsedelapsed (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 in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative AgentBank of America’s “prime commercial lending rate 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. Interest and fees shall accrue during each period in during which such interest or such fees are computed from the first day thereof to the last day thereof.
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