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

Computation of Interest and Related Fees. Interest on all Loans and any other Obligations and the related 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 Base Rate Loan, the first day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a LIBOR Rate Loan to a Base Rate Loan shall be included in the calculation. The date of payment of a Base Rate Loan, the last day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a Base Rate Loan to a LIBOR Rate Loan shall be excluded in the calculation. Interest on all Base Rate Loans is payable in arrears on the first day of each month and on the Expiry Date, whether by acceleration or otherwise. Interest on LIBOR Rate Loans shall be payable on the last day of the applicable Interest Period, unless the period is greater than ninety (90) days, in which case interest will be payable on the ninetieth (90th) day of the Interest Period and the last day of the Interest Period. In addition, interest on LIBOR Rate Loans is due on the Expiry Date, whether by acceleration or otherwise.

Computation of Interest and Related Fees. Interest on all Loans and any other Obligations and the related fees set forth in under this subsection 1.2 Agreement 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 Base Prime Rate Loan, the first day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a LIBOR Rate Loan to a Base Prime Rate Loan shall be included in the calculation. The date of payment of a Base Prime Rate Loan, the last day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a Base Prime Rate Loan to a LIBOR Rate Loan shall be excluded in the calculation. Interest on all Base Rate Loans If a Loan is payable in arrears repaid on the first same day of each month and on the Expiry Datethat it is made, whether by acceleration or otherwiseone (1) day interest shall be charged. Interest on LIBOR Rate Loans shall be payable on the last day of the applicable Interest Period, unless the period is greater than ninety (90) days, in which case interest will be payable on the ninetieth (90th) day of the Interest Period and the last day of the Interest Periodevery ninety (90) day interval. In addition, interest on any outstanding LIBOR Rate Loans is shall be due on the Expiry Maturity Date, whether by acceleration or otherwise.

Computation of Interest and Related Fees. Interest on all LIBOR Loans and any all other Obligations (exclusive of Base Rate Loans), and the related all 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 and interest on all Base Rate Loans shall be calculated on the basis of a 365/366 day year for the actual number of days elapsed in the period during which it accrues. The date of funding a Base Rate Loan, Loan and the first day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a LIBOR Rate Loan to a Base Rate Loan shall be included in the calculationcalculation of interest. The date of payment of a Base Rate Loan, Loan and the last day of an Interest Period with respect to a LIBOR Rate Loan and the date of conversion of a Base Rate Loan to a LIBOR Rate Loan shall be excluded in from the calculationcalculation of interest. If a Loan is repaid on the same day that it is made, one (1) days' interest shall be charged. Interest on all Base Rate Loans is payable in arrears on the first day of each month and on the Expiry Datematurity of such Loans, whether by acceleration or otherwise. Interest on LIBOR Rate Loans shall be payable on the last day of the applicable Interest Period, unless the period Interest Period is greater than ninety three (903) daysmonths, in which case interest will be payable on the ninetieth (90th) day of the Interest Period and the last day of the Interest Periodeach three (3) month interval. In addition, interest on LIBOR Rate Loans is due on the Expiry Datematurity of such Loans, whether by acceleration or otherwise.