Common use of Computation Clause in Contracts

Computation. The Reference Rate as of the date of this Agreement is 8.50% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 15 contracts

Samples: Loan and Security Agreement (Multigraphics Inc), Loan and Security Agreement (Silicon Storage Technology Inc), Loan and Security Agreement (International Remote Imaging Systems Inc /De/)

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Computation. The Reference Rate as of the date of this Agreement is 8.508.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 11 contracts

Samples: Loan and Security Agreement (Graff Pay Per View Inc /De/), Loan and Security Agreement (Family Restaurants), Loan and Security Agreement (Mountasia Entertainment International Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 9 contracts

Samples: Loan and Security Agreement (Computron Software Inc), Loan and Security Agreement (Banyan Systems Inc), Loan and Security Agreement (Global Sports Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.507.75% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 7 contracts

Samples: Loan and Security Agreement (Incomnet Inc), Loan and Security Agreement (Muzak Capital Corp), Possession Loan and Security Agreement (Factory Card Outlet Corp)

Computation. The Reference Rate as of the date of this Agreement is eight and one-half percent (8.50% %) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mednet MPC Corp), Loan and Security Agreement (Millbrook Press Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-quarter percent (8.25%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 2 contracts

Samples: Credit Agreement (Vista Eyecare Inc), Loan and Security Agreement (Bollinger Industries Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.504.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Right Start Inc /Ca), Loan and Security Agreement (Fao Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.00% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (P Com Inc), Loan and Security Agreement (Wam Net Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.0% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Aldila Inc), Loan and Security Agreement (Celebrity Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% seven and three quarters of one percent (7.75%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Usci Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-half percent (8.5%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Data Systems Network Corp)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one quarter percent (8.25%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Communication Telesystems International)

Computation. The Reference Rate as of the date of this Agreement is 8.506.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Right Start Inc /Ca)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one half of one percent (8.5%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (RDM Sports Group Inc)

Computation. The Reference Rate as of the date of this Agreement is eight and one-half percent (8.50% %) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharmhouse Corp)

Computation. The Reference Rate as of the date of this Agreement is 8.508.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate rates of interest hereunder provided for in Section 2.6(a) and Section 2.6(c) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Aureal Semiconductor Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and three-quarters percent (8.75%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Security Agreement (QMS Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.6(a) and Section 2.6(c)(i) and (ii) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Ram Energy Inc/Ok)

Computation. The Reference Rate as of the date of this Agreement is 8.508.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in SECTION 2.6(A)(I) and SECTION 2.6(B)(I) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Cai Wireless Systems Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.5(a) and Section 2.5(c)(i) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Brill Media Co LLC)

Computation. The Reference Rate as of the date of this Agreement is 8.508.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.6(a)(i) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Employee Solutions Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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 and charged or compounded monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (K Tel International Inc)

Computation. The Reference Rate as of the date of this Agreement is eight and one-half percent (8.50% %) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. The rates of interest charged hereunder shall be based upon the average Reference Rate in effect during the month. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (National Standard Co)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and three-quarters percent (8.75%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. All interest and fees chargeable under the Loan Documents shall be computed on the basis bases of a 360 three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Millbrook Press Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% nine percent (9%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Products Corp /De/)

Computation. The Reference Rate as of the date of this Agreement is 8.50% seven and three-fourths percent (7.75%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Image Entertainment Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508 1/2% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Computation. The Reference Rate as of the date of this Agreement is 8.508.50 % per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Cortelco Systems Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-half percent (8.5%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Telemundo Group Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% five and one-half percent (5.50%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Millbrook Press Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-half percent (8 1/2%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.All

Appears in 1 contract

Samples: Loan and Security Agreement (Bollinger Industries Inc)

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Computation. The Reference Rate as of the date of this Agreement is 8.50% nine percent (9%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Concurrent Computer Corp/De)

Computation. The Reference Rate as of the date of this ----------- Agreement is 8.509% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.6(a) and -------------- Section 2.6(c)(i) and (ii) automatically and immediately shall be increased or -------------------------- decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Convergent Communications Inc /Co)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one half percent (8.5%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.Reference

Appears in 1 contract

Samples: Loan and Security Agreement (Salton Maxim Housewares Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in SECTION 2.6(a) and SECTION 2.6(c)(i) and (ii) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Telxon Corp)

Computation. The Reference Rate as of the date of this Agreement is 8.509.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Interiors Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.505.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-half percent (8 1/2%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Areawide Cellular Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.507-3/4% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Grant Geophysical Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% eight and one-half (8.5%) percent per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Agency Agreement (Franks Nursery & Crafts Inc)

Computation. The Reference Rate as of the date of this ----------- Agreement is 8.509.50% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.25% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Neostar Retail Group Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% seven and one-half percent (7.5%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Thomaston Mills Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.507.75% per annum. 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 Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Sirena Apparel Group Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50____% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.6(a) and Section 2.6(c)(i) and (ii) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Petsec Energy Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50___% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Celebrity Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.509.50% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Computation. The Reference Rate as of the date of this Agreement is 8.509.00% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Generation Systems Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50____% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Oneita Industries Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.509.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder provided for in Section 2.6(a) and Section 2.6(c) automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.50% nine percent (9.0%) per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Schedules and Exhibits (Vista Eyecare Inc)

Computation. The Reference Rate as of the date of this Agreement is 8.508.5% per annum. In the event the Reference Rate is changed from time to time hereafter, the applicable rate of interest hereunder automatically and immediately as of the opening of business on the effective date of such change shall be increased or decreased by an amount equal to such change in the Reference Rate. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Los Buenos Leasing Co Inc)

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