Common use of Computation of Fees and Interest Clause in Contracts

Computation of Fees and Interest. (a) All computations of interest at the Prime Rate and facility 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 interest and fees under this Agreement 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.

Appears in 8 contracts

Samples: Five Year Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc), Three Year Credit Agreement (General Mills Inc)

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Computation of Fees and Interest. (a) All computations in respect of interest at the Prime Rate and facility fees 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 and fees under this Agreement shall be made on the basis of a 360-day year and actual days elapsed, elapsed (which results in more interest being paid than if computed on the basis of a 365365/366-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 7 contracts

Samples: Credit Agreement (Spark Energy, Inc.), Credit Agreement (Spark Energy, Inc.), Credit Agreement (Spark Energy, Inc.)

Computation of Fees and Interest. (a) All computations of interest at the Prime Rate and facility 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 interest and fees under this Agreement 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.

Appears in 4 contracts

Samples: Credit Agreement (General Mills Inc), Day Credit Agreement (General Mills Inc), Credit Agreement (General Mills Inc)

Computation of Fees and Interest. (a) All computations of interest at the for Prime Rate Loans and facility fees 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 and fees under this Agreement shall be made on the basis of a 360-day year and actual days elapsed, elapsed (which results in more interest being paid than if computed on the basis of a 365-365 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 (Zemex Corp)

Computation of Fees and Interest. (a) All computations of interest interest, when calculated at the Prime Rate and facility fees "prime rate", shall be made on the basis of a 365/6 day year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest and fees under this Agreement shall be made on the basis of a 360-day year and actual days elapsed, 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: Term Loan Agreement (Apw LTD)

Computation of Fees and Interest. (a) All computations of interest at the for Prime Rate Loans and facility fees B/A Equivalent 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 and fees under this Agreement shall be made on the basis of a 360-day year and actual days elapsed, elapsed (which results in more interest being paid than if computed on the basis of a 365-365 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 (Zemex Corp)

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Computation of Fees and Interest. (a) All computations of interest at for Base Rate Loans when the Prime Base Rate and facility fees is determined by the Bank'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 and fees under this Agreement shall be made on the basis of a 360-360 day year and actual days elapsed, elapsed (which results in more interest being paid than if computed on the basis of a 365-day yearyear of 365 or 366 days, as the case may be). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to to, but excluding, the last day thereof.

Appears in 1 contract

Samples: Credit Agreement (Efunds Corp)

Computation of Fees and Interest. (a) a All computations of interest at the Prime Rate and facility 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 interest and fees under this Agreement 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.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (General Mills Inc)

Computation of Fees and Interest. (a) All computations of fees and interest at calculated utilizing the Prime Rate and facility fees shall be made on the basis of a 365/6-day year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of interest fees and fees under this Agreement interests shall be made calculated on the basis of a 360-day year and for actual days elapsed, elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest All 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: Uncommitted Credit Agreement (Par Pacific Holdings, Inc.)

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