Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a year of 360 days 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 11 contracts

Samples: 364 Day Credit Agreement (Tyson Foods Inc), 364 Day Credit Agreement (Tyson Foods Inc), Five Year Credit Agreement (Tyson Foods Inc)

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Computation of Fees and Interest. (a) All computations of commitment fees, and of interest payable in respect of Reference Base Rate Loans based upon the prime rate, shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360-day year of 360 days 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 4 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Finance Inc)

Computation of Fees and Interest. (a) All computations of commitment fees, and of interest payable in respect of Reference Base Rate Loans based upon the Reference Rate, shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360-day year of 360 days 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 4 contracts

Samples: Credit Agreement (Nexstar Finance Inc), Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC), Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360-day year (of 360 12 months with 30 days each) 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 (PPC Publishing Corp), Credit Agreement (Communications Instruments Inc), Credit Agreement (Communications Instruments Inc)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and other interest under this Agreement shall be made on the basis of a 360-day year (of 360 12 months with 30 days each) 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 2 contracts

Samples: Credit Agreement (Globe Manufacturing Corp), Credit Agreement (Globe Manufacturing Corp)

Computation of Fees and Interest. (a) All computations of interest payable in respect of for Reference Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360-day year of 360 days 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 during which interest or such fees are computed from the first day thereof to the last day thereof.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Middleby Corp)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a year of 360 days and actual days 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.

Appears in 1 contract

Samples: Credit Agreement (Tyson Foods Inc)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days three hundred sixty-five (365) or 366 three hundred sixty-six (366) days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a three hundred sixty (360) day year of 360 days 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.

Appears in 1 contract

Samples: Credit Agreement (National Semiconductor Corp)

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Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360-day year of 360 days 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 1 contract

Samples: Credit Agreement (Us Industries Inc)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees Fees and interest under this Agreement shall be made on the basis of a 360-day year of 360 days 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 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360 day year of 360 days 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.

Appears in 1 contract

Samples: Credit Agreement (Granite Construction Inc)

Computation of Fees and Interest. (a) All computations of interest payable in respect of Reference Base Rate Loans shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest under this Agreement shall be made on the basis of a 360 day year of 360 days 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 1 contract

Samples: Credit Agreement (Regent Communications Inc)

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