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 (Allied Healthcare Products Inc), Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (Usci 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 day year for the actual number of days elapsed.
Appears in 11 contracts
Samples: Loan and Security Agreement (Childrens Broadcasting Corp), Loan and Security Agreement (Bpi Packaging Technologies Inc), Loan and Security Agreement (American Bank Note Holographics 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 (Banyan Systems Inc), Loan and Security Agreement (Stormedia Inc), Loan and Security Agreement (Fitzgeralds Gaming Corp)
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 (Icf Kaiser International Inc), Loan and Security Agreement (Gantos Inc), Loan and Security Agreement (Factory Card Outlet 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 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 8.508.0% 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: Loan and Security Agreement (Aldila Inc), Loan and Security Agreement (Celebrity 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 (Wam Net Inc), Loan and Security Agreement (P Com 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 (Fao Inc), Loan and Security Agreement (Right Start Inc /Ca)
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 8.508.5% 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)
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% 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 8.50% 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
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 1 contract
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 8.509.50% 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
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% 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
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
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 Agreement (Millbrook Press 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)(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 Effective Date 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 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Midcom Communications 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% 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
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
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 this 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 RateRate change. 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
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
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
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 8.50% 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
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
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 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
Computation. The Reference Rate as of the this date of this Agreement is 8.50% eight and three quarter 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. 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 (Action Industries 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
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% 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
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
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
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 8.509% 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% 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
Computation. The Reference Rate as of the this 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 (Childrens Place Retail Stores 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)
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
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
Computation. The Reference Rate as of the this 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. 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 (Victoria Creations 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 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
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
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
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 8.508.5% 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 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 (Sizzler International 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: Loan and Security Agreement (Franks Nursery & Crafts 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 three hundred sixty (360) day year for the actual number of days elapsed.
7. A new Section 2.6(d) shall be added to Amended Agreement to contain the following provision:
Appears in 1 contract
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
