Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 11 contracts
Samples: Agreement (International Shipholding Corp), Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)
Computations; Banking Days. (a) (a) All computations of interest and fees shall be made by the Facility Administrative Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Administrative Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.;
Appears in 2 contracts
Samples: Credit Facility Agreement (Top Tankers Inc.), Credit Facility Agreement (Top Tankers Inc.)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Administrative Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Administrative Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.;
Appears in 2 contracts
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.), Loan Agreement (B Plus H Ocean Carriers LTD)
Computations; Banking Days. (a) All a)·All computations of interest and fees shall be made by the Facility Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Account Pledge Agreement (International Shipholding Corp)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Administrative Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Administrative Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent or the Lenders, as the case may be, Creditors on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent or the Lenders a Creditor of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent Agents or the LendersBanks, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent Agents or the Lenders Banks of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Agreement (Omi Corp/M I)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent Agents or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent Agents or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Consent and Agreement (Omi Corp/M I)
Computations; Banking Days. (aA) All computations of interest and fees shall be made by the Facility Administrative Agent or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Administrative Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.;
Appears in 1 contract
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent or the Lenders, as the case may be, on the basis of a 360365-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)
Computations; Banking Days. (a) All computations of interest and fees shall be made by the Facility Agent Agents or the Lenders, as the case may be, on the basis of a 360-day year, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which interest or fees are payable. Each determination by the Facility Agent Agents or the Lenders of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Appears in 1 contract
Samples: Loan Agreement (Omi Corp/M I)