Common use of Computation of Interest and Related Fees Clause in Contracts

Computation of Interest and Related Fees. Interest on the Loans and other Obligations, including any fees set forth in this subsection 1.2, shall be calculated daily on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's interest shall be charged. Interest on all Index Rate Loans is payable in arrears on the first day of each month and on the maturity of such Loans, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such Loans, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Portola Packaging Inc)

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Computation of Interest and Related Fees. Interest on the all Loans and all other Obligations, including Obligations and any fees set forth in this subsection 1.2, 1.2 shall be calculated daily on the -------------- basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's days' interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first day of each month and on the maturity of such LoansExpiry Date, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such LoansExpiry Date, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Lund International Holdings Inc)

Computation of Interest and Related Fees. Interest on the all Loans and all other Obligations, including Obligations and any fees set forth in this subsection 1.2, 1.2 shall be calculated daily on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Base Rate Loan and the first (1st) day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's days' interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first day of each month Adjustment Date and on the maturity of such Loans, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such Loans, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

Computation of Interest and Related Fees. Interest Other than calculations in respect of interest at the Base Rate (which shall be made on the Loans actual number of days elapsed in a 365/366-day year), all interest and other Obligations, including any fees set forth in this subsection 1.2, under each Financing Document shall be calculated daily on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed in the period during which it accrueselapsed. The date of funding of a Index Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's ’s interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first last day of each month calendar quarter and on the maturity of such Loans, whether by acceleration or otherwiseTermination Date. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such Loans, whether by acceleration or otherwiseTermination Date.

Appears in 1 contract

Samples: Credit Agreement (Warren Resources Inc)

Computation of Interest and Related Fees. Interest on the all Loans and all other Obligations, including Obligations and any fees set forth in this subsection 1.2, 1.2 shall be calculated daily on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's days' interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first day of each month calendar quarter and on the maturity of such LoansExpiry Date, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such LoansExpiry Date, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Acorn Products Inc)

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Computation of Interest and Related Fees. Interest on the all Loans and all ---------------------------------------- other Obligations, including Obligations and any fees set forth in this subsection 1.2, 1.2 shall be calculated daily on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's days' interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first day of each month and on the maturity of such Base Rate Loans, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such LIBOR Loans, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (MCG Capital Corp)

Computation of Interest and Related Fees. Interest on the Loans and other Obligations, including any fees set forth in this subsection 1.2, shall be calculated daily on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Index Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of a Index Base Rate Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day's ’s interest shall be charged. Interest on all Index Base Rate Loans is payable in arrears on the first day of each month and on the maturity of such Loans, whether by acceleration or otherwise. Interest on LIBOR Loans shall be payable on the last day of the applicable Interest Period, unless the Interest Period is greater than three (3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Loans is due on the maturity of such Loans, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Portola Packaging Inc)

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