Common use of Computation Clause in Contracts

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 201 contracts

Samples: Debt and Security Agreement, Loan and Security Agreement (LSB Industries Inc), Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.)

AutoNDA by SimpleDocs

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 176 contracts

Samples: Credit Agreement (Emergent BioSolutions Inc.), Credit Agreement (Hudson Technologies Inc /Ny), Abl Credit Agreement (Hawaiian Electric Co 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 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 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 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 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 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 (Corrections Corp of America/Md)

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 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 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 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 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 (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 (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 (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 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 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 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 Subsidiary 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 Agreement (Futurelink Corp)

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

Samples: Credit Agreement (Anixter International 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 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 360 365 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/)

AutoNDA by SimpleDocs

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

Samples: Credit Agreement (Ocz Technology 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 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 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 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

Samples: Loan and Security Agreement (Hypercom Corp)

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 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 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 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 (Energy Corp of America)

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

Samples: Inventory Facility Credit Agreement (Anixter International 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 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.

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 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

Samples: Credit Agreement (Calavo Growers Inc)

Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 365/366 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 1 contract

Samples: Loan and Security Agreement (Amistar 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 RateRate as to interest accruing from and after that date.

Appears in 1 contract

Samples: Loan and Security Agreement (Jalou Cashs LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!