Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) the Prime Rate shall be computed on the basis of the 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including each Eurodollar Rate, the Federal Funds Rate and the Default Rate) and fees shall be computed on the basis of a year of 360 days and calculated for actual days elapsed.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Omnova Solutions Inc)
Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) the Prime Base Rate shall be computed on the basis of the a 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including each Eurodollar Rate, the Federal Funds Rate and the Default Rate) and fees shall be computed on the basis of a year of 360 days and calculated for actual days elapsed.
Appears in 2 contracts
Samples: Annual Report, Credit Agreement (Gencorp Inc)
Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) the Prime Base Rate shall be computed on the basis of the 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including each Eurodollar Rate, the Federal Funds Rate and the Default Rate) and fees shall be computed on the basis of a year of 360 days and calculated for actual days elapsed.
Appears in 1 contract
Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) the Prime Rate shall be computed on the basis of the 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including the Base Rate, each Eurodollar Rate, the Federal Funds Absolute Rate and Eurodollar Competitive Rate and the Default Rate) and fees shall be computed on the basis of a year of 360 days and calculated for actual days elapsed.
Appears in 1 contract
