Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 36 contracts
Samples: 364 Day Credit Agreement (Albemarle Corp), Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Metlife Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 32 contracts
Samples: Credit Agreement (McClatchy Co), Credit Agreement (Per Se Technologies Inc), Credit Agreement (Medianews Group Inc)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 16 contracts
Samples: Credit Agreement (Imation Corp), Credit Agreement (Imation Corp), Revolving Credit Agreement (Equitable Resources Inc /Pa/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 14 contracts
Samples: Credit Agreement (Neustar Inc), Credit Agreement (Sierra Health Services Inc), Credit Agreement (Amerigroup Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 8 contracts
Samples: Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 7 contracts
Samples: Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (McKesson Corp), 364 Day Credit Agreement (Citgo Petroleum Corp)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 6 contracts
Samples: Credit Agreement (Teledyne Technologies Inc), Multicurrency Credit Agreement (Insituform Technologies Inc), Credit Agreement (Teledyne Technologies Inc)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 6 contracts
Samples: Credit Agreement (Western Gas Resources Inc), Credit Agreement (Holly Corp), Credit Agreement (Walter Industries Inc /New/)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 5 contracts
Samples: Credit Agreement (Tennessee Valley Authority), 364 Day Credit Agreement (Tyco International LTD /Ber/), Term Credit Agreement (Keystone Automotive Operations Inc)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of AmericaKeyBank’s “prime rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 5 contracts
Samples: Credit Agreement (Quantum Corp /De/), Term Loan Agreement (Quantum Corp /De/), Credit Agreement (Quantum Corp /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of Americathe Lender’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 5 contracts
Samples: Credit Agreement (Cnet Networks Inc), Term Loan Agreement (Rem Arrowhead, Inc.), Term Loan Agreement (Rem Consulting of Ohio, Inc.)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of Americathe Lender’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 4 contracts
Samples: Credit Agreement (National Healthcare Corp), Credit Agreement (Irobot Corp), Credit Agreement (Microsemi Corp)
Computation of Interest and Fees. All computations of interest for Alternate Base Rate Loans when the Alternate Base Rate is determined by Bank of America’s “prime rate” the 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), 3.04 bear interest for one day.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Lafayette Square USA, Inc.)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one dayabsent manifest error.
Appears in 4 contracts
Samples: Credit Agreement (Sandridge Energy Inc), Bridge Loan Agreement (Sandridge Energy Inc), Credit Agreement (Sandridge Energy Inc)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of AmericaKeyBank’s “prime rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 4 contracts
Samples: Credit Agreement (Wireless Facilities Inc), Second Lien Credit Agreement (Kratos Defense & Security Solutions, Inc.), Credit Agreement (Wireless Facilities Inc)
Computation of Interest and Fees. All computations of interest for Interest on Base Rate Loans when (if -------------------------------- determined under clause (b) of the definition of Base Rate is determined by Bank of America’s “prime rate” Rate) shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to the payee thereof than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 4 contracts
Samples: Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 4 contracts
Samples: Amendment and Restatement Agreement (Ardent Health Partners, LLC), Term Loan Credit Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime Citibank's "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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 4 contracts
Samples: Credit Agreement (Toyota Motor Credit Corp), Five Year Credit Agreement (Toyota Motor Credit Corp), 364 Day Credit Agreement (Toyota Motor Credit Corp)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Pmi Group Inc), Revolving Credit Agreement (Pmi Group Inc), Revolving Credit Agreement (Pmi Group Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'s prime 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 all fees and interest shall be made on the basis of a 360-day year of 360 days and the actual number of days elapsed elapsed, (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Ashworth Inc), Credit Agreement (Playboy Enterprises Inc), Credit Agreement (Micros Systems Inc)
Computation of Interest and Fees. All computations of the Facility Fee and interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Fidelity National Financial, Inc.), Credit Agreement (Fidelity National Title Group, Inc.), Credit Agreement (Fidelity National Title Group, Inc.)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 3 contracts
Samples: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/), Credit Agreement (Citgo Petroleum Corp), Credit Agreement (Keystone Marketing Services Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the LIBOR 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the LIBOR 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), 3.03 bear interest for one day.
Appears in 3 contracts
Samples: Revolving Credit Agreement (GOLUB CAPITAL INVESTMENT Corp), Revolving Credit Agreement (Golub Capital BDC 3, Inc.), Revolving Credit Agreement (Golub Capital Investment Corp)
Computation of Interest and Fees. All computations of the Facility Fee and interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Fidelity National Financial Inc /De/), Credit Agreement (Fidelity National Title Group, Inc.), Credit Agreement (Fidelity National Financial Inc /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “Xxxxx Fargo'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Petro Financial Corp), Credit Agreement (Petro Stopping Centers L P), Credit Agreement (Petro Stopping Centers Holdings Lp)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Big Dog Holdings Inc), Credit Agreement (Longs Drug Stores Corp), Credit Agreement (Tech Data Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s reference to the Citibank “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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 3 contracts
Samples: Credit Agreement (Oneok Inc /New/), Credit Agreement (ONEOK Partners LP), Credit Agreement (ONEOK Partners LP)
Computation of Interest and Fees. All computations Computation of interest for Base Rate on Loans when the Base Rate whose interest rate is determined by Bank of America’s “reference to the prime rate” rate shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to the payee thereof than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Sunoco Logistics Partners L.P.), 364 Day Revolving Credit Agreement (Sunoco Logistics Partners L.P.)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (St Jude Medical Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans at times when the Base Rate is determined by Bank calculated pursuant to clause (a) or (b) of America’s the definition of “prime rateBase 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Ferguson Enterprises Inc. /DE/), Credit Agreement (Ferguson PLC)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall, subject to Section SECTION 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (DST Systems Inc), Credit Agreement (Teletech Holdings Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of Americathe Administrative Agent’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 Fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall -------- bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Quantum Corp /De/), Credit Agreement (Quantum Corp /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'s prime 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 all fees and interest shall be made on the basis of a 360-day year of 360 days and the actual number of days elapsed elapsed, (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (SCB Computer Technology Inc), Credit Agreement (Micros Systems Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of Americathe Lender’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(b), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (TRX Inc/Ga), Credit Agreement (TRX Inc/Ga)
Computation of Interest and Fees. All computations of interest 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 360-360 day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Abm Industries Inc /De/), Credit Agreement (Abm Industries Inc /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaAdministrative Agent’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Bre Properties Inc /Md/), Credit Agreement (Bre Properties Inc /Md/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “reference to the Eurocurrency Rate or the prime rate” ) shall be made on the basis of a year of 365 three hundred and sixty-five (365) days, or 366 three hundred and sixty-six (366) days, as the case may beapplicable, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three hundred and sixty (360-) day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year)elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.one
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Portillo's Inc.), First Lien Credit Agreement (Portillo's Inc.)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by computed based on Bank of America’s “prime rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to the payee thereof than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 360-360- day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Devry Inc), Credit Agreement (Longview Fibre Co)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar RateTerm SOFR) 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days or, in the case of any amounts denominated in Sterling, 365 days and the actual number of days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year)elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (NBCUniversal Media, LLC), Term Loan Credit Agreement
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it -------- is made shall, subject to Section 2.12(a), bear interest for one day.. ---------------
Appears in 2 contracts
Samples: Credit Agreement (Engineered Support Systems Inc), Credit Agreement (Engineered Support Systems Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.to
Appears in 2 contracts
Samples: Credit Agreement (AdvanSix Inc.), Credit Agreement (Grand Canyon Education, Inc.)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided -------- that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (California Pizza Kitchen Inc), Credit Agreement (Flir Systems Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “the Lender'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (National Healthcare Corp), Credit Agreement (Crocs, Inc.)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” or “reference rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Stater Bros Holdings Inc), Credit Agreement (Stater Bros Holdings Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans Loans, when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(aSECTION 3.05(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Digitalnet Holdings Inc), Credit Agreement (Digitalnet Holdings Inc)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of AmericaLender’s “prime rate” shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lender than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Pope Resources LTD Partnership), Credit Agreement (California Pizza Kitchen Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime 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 all fees and interest shall be made on the basis of a 360-day year of 360 days and the actual number of days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Hooker Furniture Corp), Credit Agreement (Hooker Furniture Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 360-360 day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 2 contracts
Samples: Credit Agreement (Abm Industries Inc /De/), Credit Agreement (Abm Industries Inc /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaUBOC’s “prime 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Inamed Corp)
Computation of Interest and Fees. All computations of interest for Bankers' Acceptances and Drawing Fees, for Canadian Prime Rate Loans and for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (McKesson Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America, N.A.’s “prime 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 (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year)) or, in the case of interest in respect of Loans denominated in the Alternative Currency, on the basis of a 365-day year and actual days elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.09(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(aSECTION 2.12(A), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a3.05(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Blue Rhino Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “CNA'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on -------- the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear --------------- interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Levi Strauss & Co)
Computation of Interest and Fees. (a) All computations of interest for Base Rate Loans when the (including Base Rate is Loans when determined by Bank of America’s “prime rate” reference to the Eurodollar 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 360‑day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day 365‑day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, subject to the payment cutoff times specified in Section 2.12; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.to
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one (1) day.
Appears in 1 contract
Samples: Credit Agreement (Irobot Corp)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a)10.11, bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “One'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for with respect to the Base Rate (including Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a)3.03, bear interest for one day.
Appears in 1 contract
Samples: Revolving Credit Agreement (TCW Direct Lending LLC)
Computation of Interest and Fees. All computations of interest for Interest on Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” and Committed Loans denominated in Sterling shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to the payee thereof than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paidrepaid, provided that any Loan that is repaid on the same day on -------- which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Danaher Corp /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (excluding Base Rate is Loans determined by Bank of America’s “prime rate” reference to the LIBO 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one dayabsent manifest error.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 (including fees with respect to Letters of Credit) shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Ferrellgas Partners Finance Corp)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.. H-716717.9
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to Term SOFR) 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.on
Appears in 1 contract
Samples: Term Loan Credit Agreement (Franklin Resources Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to Term SOFR) 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaBank’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” rate shall be made on the basis of a year of 365 or 366 days, as the case may be, be and the actual number of days elapsed. All other computations of interest and all fees and interest shall be made on the basis of a 360-day year of 360 days and the actual number of days elapsed elapsed, (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 1 contract
Samples: Secured Reducing Credit Agreement (Gulfport Energy Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaXxxxx Fargo’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Health Management Associates Inc)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.09(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 Subject to Section 10.10, 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Safeco Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “Administrative Agent'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Bankers’ Acceptances and Drawing Fees, for Canadian Prime Rate Loans and 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (McKesson Corp)
Computation of Interest and Fees. All computations of (i) interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " and (ii) 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 fees or interest, as applicable, interest being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for a Base Rate Loans Loan 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each the Loan for the day on which the Loan is made, and shall not accrue on a the Loan, or any portion thereof, for the day on which the Loan or such portion is paid. Each determination by the Lender of an interest rate or fee hereunder shall be conclusive and binding for all purposes, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one dayabsent manifest error.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Encore Energy Partners LP)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.09(a), bear interest for one day.
Appears in 1 contract
Samples: Term Loan Agreement (Keystone Marketing Services Inc)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime 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 computations of interest for LIBOR Rate Loans and 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), 3.03 bear interest for one day.
Appears in 1 contract
Samples: Revolving Credit Agreement (Franklin BSP Capital Corp)
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paidpaid to the extent paid by the time required herein, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Eurodollar 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.13(a), bear interest for one day.one
Appears in 1 contract
Samples: Term Loan Agreement (Tanger Properties LTD Partnership /Nc/)
Computation of Interest and Fees. All computations of interest for Loans calculated by reference to the Base Rate Loans Rate, 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a)3.4, bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaJPMCB’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Pactiv Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 CREDIT AGREEMENT 21 computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Metlife Inc)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” and all fees under this Agreement shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All ; computation of interest on LIBOR Loans and all other computations of fees and interest Obligations (other than Base Rate Loans) shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (which results elapsed. Borrower acknowledges that such latter calculation method will result in more fees a higher yield to the Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and ; interest shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any . Any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of AmericaCitibank’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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Oneok Inc /New/)
Computation of Interest and Fees. All computations of interest for Loans calculated by reference to the Base Rate Loans Rate, 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a)3.4, bear interest for one day. 2.12. Increase in the Facility Amount.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 (unless such calculation would result in the interest on the Borrowings exceeding the Maximum Rate, in which event such interest shall be calculated on the basis of a year of 365 or 366 days, as the case may be) and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime 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 computations of interest for LIBOR RateTerm SOFR Loans and 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), 3.03 bear interest for one day.
Appears in 1 contract
Samples: Revolving Credit Agreement (Franklin BSP Capital Corp)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided PROVIDED that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(aSECTION 3.05(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans Segments 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid, provided that any Term Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.08(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime 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 all fees and interest shall be made on the basis of a 360-day year of 360 days and the actual number of days elapsed elapsed, (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Interest on Base Rate Loans when the Base Rate is determined by reference to Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All other computations of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to the payee thereof than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the such Loan is made, and but shall not accrue on a Loan, or any portion thereof, for the day on which the such Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” the 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Revolving Loan for the day on which the Revolving Loan is made, and shall not accrue on a Revolving Loan, or any portion thereof, for the day on which the Revolving Loan or such portion is paid, provided that any Revolving Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.10(a), bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Gevity Hr Inc)
Computation of Interest and Fees. All computations Computation of interest for on Base Rate Loans when the Base Rate is determined by Bank of America’s “'s "prime rate” " shall be made calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. All Computation of all other computations types of interest and all fees and interest shall be made calculated on the basis of a 360-day year of 360 days and the actual number of days elapsed (elapsed, which results in more fees a higher yield to Lenders than a method based on a year of 365 or interest, as applicable, being paid than if computed on the basis of a 365-day year)366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is -------- made shall, subject to Section 2.12(a), shall bear interest for one day.
Appears in 1 contract
Samples: Credit Agreement (Quantum Corp /De/)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” the definition thereof 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.to
Appears in 1 contract
Samples: Term B Loan Credit Agreement (Fidelity National Financial, Inc.)
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “'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 fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, ; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one (1) day.
Appears in 1 contract
Computation of Interest and Fees. All computations of interest for Base Rate Loans when the (including Base Rate is Loans determined by Bank of America’s “prime rate” reference to the Term SOFR) 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 fees or interest, as applicable, being paid than if computed on the basis of a 365-365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a2.11(a), bear interest for one (1) day.
Appears in 1 contract
Samples: Credit Agreement (Irobot Corp)
