Computation of Fees and Interest. (a) All computations of interest 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 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 Lenders in the absence of manifest error.
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 BofA's "reference 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-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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of fees, commissions and interest 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 fees and interest shall be made computed 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 and the Lenders Banks in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Kerkorian Kirk)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by BofA's "reference rate" the BofA Rate and all computations of 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 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 Interest Period or other period during which interest or such fees are computed from the first day thereof to but excluding 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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of fees and interest 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 for the actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and for the 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 and the Lenders Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans Advances 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 fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and fees the commitment fee 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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Maxxam Inc)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by BofAthe Bank's "reference 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 360-360 day year and actual days 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.
(b) Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Lenders in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Efunds Corp)
Computation of Fees and Interest. (a) All computations of interest 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 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 reasonable determination of an interest rate or a Dollar Equivalent by the Administrative Agent shall be conclusive and binding on the Company Credit Parties and the Lenders Lending Parties in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Trylon Corp/Mi/)
Computation of Fees and Interest. (a) All computations of fees, commissions and interest for Base Rate Loans when the Base Rate is determined by BofA's "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 fees and interest shall be made computed 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 and the Lenders in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Tracinda Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Committed 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 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 and the Lenders Banks in the absence of manifest demonstrable error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of interest for payable in respect of Base Rate Loans when at all times as the Base Rate is determined by BofAthe Bank's "reference ratereference" or "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 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)elapsed. Interest and fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to but excluding the last day thereof.
(b) Each determination of an interest rate by the Agent Bank pursuant to any provision of this Agreement shall be conclusive and binding on the Company and the Lenders Borrowers in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Brinks Co)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by BofABank of America's "reference rate" or any successor 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-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 Lenders Banks in the absence of manifest error.
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 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 (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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (U S Rentals Inc)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Loans when the Base Rate is determined by BofA's "reference 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-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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Berkley W R Corp)
Computation of Fees and Interest. (a) All computations of fees and of interest for Base Rate Loans when the Base Rate is determined by BofABank 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 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 Lenders Banks in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Gymboree Corp)
Computation of Fees and Interest. (a) All computations of interest 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 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 and including the first day thereof to and excluding 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 Lenders in the absence of manifest error.
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 BofA's "reference 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-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 Lenders in the absence of manifest error.
Appears in 1 contract
Samples: Credit Agreement (Mail Well Inc)