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 Base Rate shall be computed on the basis of a 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including each 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) the Base Rate shall be computed on the basis of a 365/366 day year and calculated for actual days elapsed, and (ii) all other interest rates (including the Base Rate, each Eurodollar Rate, 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.

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