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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error. The Agent will, at the request of a Borrower or any Bank, deliver to such Borrower or Bank, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting interest rate.

Computation of Fees and Interest. (a) All computations of Interest on any Loan bearing interest on the basis of based upon the Base 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 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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Borrower and the Banks applicable Lenders in the absence of manifest demonstrable error. The Agent will, at the request of a Borrower or any Bank, deliver to such Borrower or Bank, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting interest rate.

Computation of Fees and Interest. (a) All computations of interest on the basis of for Base Rate Loans when the Base Rate is determined by 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 (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 such 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 Borrower Company and the Banks Lenders in the absence of manifest error. The Agent will, at the request of a Borrower the Company or any BankLender, deliver to the Company or such Borrower or BankLender, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting interest rate.

Computation of Fees and Interest. (a) All computations of fees and computations of interest based on the basis of the Base Offshore 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- 365-day year). All computations of interest based on the Base Rate shall be made on the basis of a 365 or 366-day year), as applicable, 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. (b) Each determination of an interest rate or fee by the Agent shall be conclusive and binding on presumed to be correct unless within a reasonable period of time the Borrower and the Banks in the absence of manifest error. The Agent will, at the request of a Borrower Company or any Bank, deliver Lender establishes that an error has been made. (c) The Reference Lender shall use its best efforts to such Borrower or Bank, as the case may be, a statement showing the furnish quotations used by of rates to the Agent in determining any interest rate and the resulting interest rateas contemplated hereby.

Computation of Fees and Interest. (a) All computations of interest on the basis of the U.S. Base Rate Loans when the U.S. Base Rate is determined by Bank of America’s “prime rate” shall in each case 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 such 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 Borrower and the Banks Lenders in the absence of manifest error. The Agent will, at the request of a the Borrower or any BankLender, deliver to such the Borrower or Banksuch Lender, as the case may be, a statement showing the quotations used by the the Agent in determining any interest rate and the resulting interest rate.

Computation of Fees and Interest. (a) All computations of interest on the basis of for Base Rate Loans when the Base Rate is determined by Bank of America’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 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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Borrower Company and the Banks in the absence of manifest error. The Agent will, at the request of a Borrower the Company or any Bank, deliver to such Borrower the Company or the Bank, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting interest rate.

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. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error. The Agent will, at the request of a the Borrower or any Bank, deliver to such the Borrower or Bank, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting interest rate.