Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 202 contracts
Samples: Possession Loan and Security Agreement, Loan and Security Agreement (LSB Industries Inc), Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 170 contracts
Samples: Credit Agreement (Hudson Technologies Inc /Ny), Collateral Agreement (Hawaiian Electric Co Inc), Based Revolving Credit Agreement (Par Pacific Holdings, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 36 contracts
Samples: Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Technology Growth Capital Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change elapsed in the Base Rateperiod during which the interest or fees accrue.
Appears in 23 contracts
Samples: Term Loan and Security Agreement (Genasys Inc.), Term Loan and Security Agreement, Credit Agreement (Endologix Inc /De/)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 13 contracts
Samples: Credit Agreement (BOISE CASCADE Co), Credit Agreement, Credit Agreement (BOISE CASCADE Co)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Interest Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Interest Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Interest Rate.
Appears in 13 contracts
Samples: Credit and Security Agreement (IES Holdings, Inc.), Credit and Security Agreement (IES Holdings, Inc.), Credit and Security Agreement (Differential Brands Group Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year or, in the case of Base Rate Loans (or any fees or expenses based on the Base Rate), on the basis of a 365-day year or 366-day year, as applicable, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 7 contracts
Samples: Revolving Credit Agreement (Cleveland-Cliffs Inc.), Revolving Credit Agreement (Cleveland-Cliffs Inc.), Credit Agreement (Cleveland-Cliffs Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsedelapsed (except in the case of Base Rate Loans, which shall be 365 days). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 7 contracts
Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the applicable rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 6 contracts
Samples: Loan and Security Agreement (Phonetel Technologies Inc), Loan and Security Agreement (Phonetel Technologies Inc), Loan and Security Agreement (System Software Associates Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 three hundred sixty (360) day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 6 contracts
Samples: Term Loan Credit Agreement (Cross Country Healthcare Inc), Term Loan Credit Agreement (Cross Country Healthcare Inc), Credit Agreement (Nevada Gold & Casinos Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 three hundred sixty (360) day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 4 contracts
Samples: Credit Agreement (Piccadilly Cafeterias Inc), Loan and Security Agreement (Orbital Sciences Corp /De/), Loan and Security Agreement (Orbital Sciences Corp /De/)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate or the Daily Adjusted LIBOR Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate and the Daily Adjusted LIBOR Rate, as the case may be, automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate or the Daily Adjusted LIBOR Rate, as the case may be.
Appears in 4 contracts
Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsed in the period during which the interest or fees accrue, other than for Base Rate Loans which shall be calculated on the basis of 365 or 366 day year, as applicable, and actual days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 4 contracts
Samples: Credit Agreement (Kronos Worldwide Inc), Credit Agreement (Falcon Capital Acquisition Corp.), Credit Agreement (Falcon Capital Acquisition Corp.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year for the actual number of days elapsed (or, in the case of Base Rate Loans which accrue interest by reference to clause (c) of the definition of Base Rate, on the basis of a 365-day or 366-day year, as applicable, for the actual number of days elapsed). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (or 365 or 366 days, as the case may be, in the case of Base Rate Loans), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Credit Agreement (Seventy Seven Energy Inc.), Credit Agreement (Seventy Seven Energy Inc.), Credit Agreement (Chesapeake Oilfield Operating LLC)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the applicable rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year or in the case of Base Rate Loans only, on the basis of a 365 or 366 day year (as the case may be), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Credit Agreement (WABASH NATIONAL Corp), Credit Agreement (Wabash National Corp /De), Credit Agreement (Wabash National Corp /De)
Computation. All Subject to Section 2.15(a), all interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Credit Agreement (Angiotech Pharmaceuticals Inc), Credit Agreement (Angiotech Pharmaceuticals Inc), Credit Agreement (Angiotech Pharmaceuticals Inc)
Computation. All interest and fees (other than with respect to Base Rate Loans) chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. Interest with respect to Base Rate Loans hereunder shall be calculated on the actual number of days elapsed over a year of 365 or 366 days, as applicable. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue; provided that Base Rate Loans bearing interest based on the “prime rate” shall be calculated on the basis of a 365 day year (or a 366 day year, in the case of a leap year). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 3 contracts
Samples: Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Exide Technologies)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue; provided that the per annum interest rate with respect to Base Rate Loans shall be calculated on the basis of a year of 365/366 days and the actual number of days elapsed in the period during which the interest accrues. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Jda Software Group Inc), Credit Agreement (Jda Software Group Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed fluctuates from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change fluctuation in the Base Rate.
Appears in 2 contracts
Samples: Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (Unified Grocers, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (except that interest with respect to Base Rate Loans shall be computed on the basis of a 365/366 day year), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (CMI Acquisition, LLC), Credit Agreement (Sirva Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 365 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Glass House Brands Inc.), Credit Agreement (Glass House Brands Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (or 365 or 366 days, as the case may be, in the case of Revolving Loans for which the Base Rate is used), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (BlueLinx Holdings Inc.), Credit Agreement (BlueLinx Holdings Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year for the actual number of days elapsed. In the event the Base Prime Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Prime Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Prime Rate.
Appears in 2 contracts
Samples: Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Horizon Technology Finance Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year, or, in the case of Base Rate Loans only, on the basis of a 365 or 366 day year (as the case may be), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue (or 365/366 days, in the case of Base Rate Loans). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek US Holdings, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Prime Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Prime Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Prime Rate.
Appears in 2 contracts
Samples: Loan and Security Agreement (3 D Systems Corp), Loan and Security Agreement (Bombay Company Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (or, in the case of Sterling Denominated Loans, a 365 or 366 day year, as applicable), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (K Swiss Inc), Credit Agreement (Enphase Energy, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsed in the period during which the interest or fees accrue (other than for Base Rate Loans which shall be calculated on the basis of 365 or 366 day year, as applicable, and actual days elapsed). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Ranger Energy Services, Inc.), Credit Agreement (Ranger Energy Services, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the LIBOR Rate or the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the LIBOR Rate or the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the LIBOR Rate or the Base Rate.
Appears in 2 contracts
Samples: Credit Agreement (Thryv Holdings, Inc.), Credit Agreement (Thryv Holdings, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.. CONFIDENTIAL TREATMENT REQUESTED
Appears in 2 contracts
Samples: Credit Agreement (Finisar Corp), Credit Agreement (Finisar Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (other than interest for Base Rate Loans which shall be calculated on the basis of 365 or 366 day year, as applicable), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafterhereafter as provided in this Agreement, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.)
Computation. All Subject to Section 2.14(a), all interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (CDC Software CORP)
Computation. (i) All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year (or a 365-day year or 366-day year, as the case may, be for Base Rate Loans), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Abl Dip Agreement
Computation. All computations of interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Ultimate Electronics Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue (which will result in more interest being paid than if computed on the basis of a 365-day year). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (Independence Contract Drilling, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the The rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such any change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360‑day year and actual days elapsed, other than for Base Rate Loans, which shall be calculated on the basis of a 365- or 366-day year for the year, as applicable, and actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue; provided that Base Rate Loans, shall, in each case, be calculated on the basis of a 365 day year (or a 366 day year, in the case of a leap year). In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (WHX Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number n umber of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.,
Appears in 1 contract
Samples: Credit Agreement (Independence Contract Drilling, Inc.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time 19 hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (Vector Group LTD)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year and actual days elapsed, other than for Base Rate Loans, which shall be calculated on the basis of a 365- or 366-day year, as applicable, and actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of 47 49 interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.. LOAN AND SECURITY AGREEMENT - Page 24 --------------------------
Appears in 1 contract
Samples: Loan and Security Agreement (Velocity Asset Management Inc)
Computation. All interest and fees chargeable under the Post-Petition Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Loan and Security Agreement and Guaranty (Archibald Candy Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue; provided that interest for the Base Rate Loans shall be computed on the basis of a 365 or 366 day year, as applicable, for the actual number of days elapsed in the period during which such interest accrues. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (Diamond Foods Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base RateRate as to interest accruing from and after that date.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such Any change in the Base RateRate shall take effect on the first day of the month following such change and shall continue in effect for the balance of such month.
Appears in 1 contract
Samples: Credit Agreement (Emrise CORP)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.. LEGAL_US_W # 62188650.14
Appears in 1 contract
Samples: Loan and Security Agreement (Peninsula Gaming, LLC)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Prime Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Prime Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Prime Rate.
Appears in 1 contract
Samples: Credit Agreement (Neophotonics Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (or on the basis of a 365 day year for Base Rate Loans), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event Daily Simple SOFR (or the Base Rate under Section 2.12, if applicable) is changed from time to time hereafter, the rates of interest hereunder based upon Daily Simple SOFR (or the Base Rate under Section 2.12, if applicable) automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.and
Appears in 1 contract
Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsed in the period during which the interest or fees accrue, other than interest for Base Rate Loans which shall be calculated on the basis of 365- or 366- day year, as applicable, and actual days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Credit Agreement (Accuride Corp)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 360-day year year, other than interest on Base Rate Loans, which shall be computed on the basis of a 365-day year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue, other than any Base Rate Loans (which shall be computed on the basis of a 365 or 366, as applicable, day year. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year year, in each case, for the actual number of days elapsedelapsed DA-3283712 v10 1286309-00040 in the period during which the interest or fees accrue. In the event the Base Interest Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Interest Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Interest Rate.
Appears in 1 contract
Samples: Credit and Security Agreement (U.S. Well Services, LLC)
Computation. All interest (including, but not limited to, interest due in respect to the Term Loan) and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: And Consolidated Loan and Security Agreement (Big Dog Holdings Inc)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 365 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (World Airways Inc /De/)
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (other than amounts that accrue interest based on the Base Rate which shall be calculated on the basis of 365 or 366 day year, as applicable, and actual days elapsed), in each case, for the actual number of days elapsedelapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees (including, without limitation, the fees described in Section 2.11) chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract
Computation. All interest and fees chargeable under the Loan ----------- Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate.
Appears in 1 contract