Common use of Computation of Rates and Fees Clause in Contracts

Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) the Prime Rate shall be computed on the basis of a year of 365/366 days calculated for the actual number of days elapsed and (ii) all other interest rates (including the Eurodollar 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.

Computation of Rates and Fees. Except as may be otherwise expressly provided, (i) and except for calculations in respect of interest at the Prime Rate Rate, which shall be computed made on the basis of a year of 365/366 days calculated for the actual number of days elapsed and (ii) in a 365/366 day year, all other interest rates (including the Base Rate, each Eurodollar Rate 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.

Computation of Rates and Fees. Except as may be otherwise expressly provided, provided (i) the Prime Rate shall be computed on the basis of a year of 365/366 days calculated and computed for the actual number of days elapsed elapsed, and (ii) all other interest rates (including the Federal Funds Rate, each Eurodollar Rate 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.