Common use of Computations of Interest and Fees Clause in Contracts

Computations of Interest and Fees. (a) Interest on LIBOR Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees shall be calculated on the basis of a 360- day year for the actual days elapsed.

Appears in 7 contracts

Samples: Credit Agreement (WideOpenWest, Inc.), Credit Agreement (WideOpenWest Finance, LLC), Credit Agreement (WideOpenWest Finance, LLC)

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Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letters of Credit Outstanding shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 7 contracts

Samples: Credit Agreement (Sealy Corp), Credit Agreement (Railamerica Inc /De), Credit Agreement (Sealy Corp)

Computations of Interest and Fees. (a) Interest on LIBOR Loans and, except Except as provided in the next succeeding sentence, interest on LIBOR Loans and ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest Administrative Agent’s prime rate shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and the average daily Stated Amount of Letters of Credit shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 6 contracts

Samples: Credit Agreement (Gardner Denver Holdings, Inc.), Credit Agreement (Gardner Denver Holdings, Inc.), Credit Agreement (PRA Health Sciences, Inc.)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 5 contracts

Samples: Credit Agreement (WABASH NATIONAL Corp), Credit Agreement (WABASH NATIONAL Corp), Credit Agreement (Wabash National Corp /De)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letter of Credit Outstandings shall be calculated on the basis of a 360- 365- (or 366-, as the case may be) day year for the actual days elapsed.

Appears in 5 contracts

Samples: Credit Agreement (Kindercare Learning Centers Inc /De), Credit Agreement (Randalls Food Markets Inc), Credit Agreement (KCLC Acquisition Corp)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letter of Credit Outstandings shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (Bristol West Holdings Inc), Credit Agreement (Bristol West Holdings Inc)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letters of Credit Outstanding shall be calculated on the basis of a 360- 365- (or 366-, as the case may be) day year for the actual days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (LPL Investment Holdings Inc.), Credit Agreement (LPL Investment Holdings Inc.)

Computations of Interest and Fees. (a) Interest on LIBOR Loans and, except Except as provided in the next succeeding sentence, ABR interest on Eurodollar Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be, unless ABR is determined by reference to clause (c) thereof, in which case 360 days) day year for the actual days elapsed. (b) All Fees and the average daily Stated Amount of Letters of Credit shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 2 contracts

Samples: Credit Agreement (Americold Realty Trust), First Lien Credit Agreement (International Market Centers, Inc.)

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Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) Foreign Currency Revolving Credit Loans denominated in Sterling and (ii) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees shall be calculated on the basis of a 360- day year for the actual days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Rockwood Specialties Group Inc)

Computations of Interest and Fees. (a) Interest on LIBOR Loans Term Benchmark Loans, and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate prime rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 1 contract

Samples: Revolving Credit Agreement (NXP Semiconductors N.V.)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letter of Credit Outstanding shall be calculated on the basis of a 360- 360-day year for the actual days elapsed.

Appears in 1 contract

Samples: Credit Agreement (Accellent Corp.)

Computations of Interest and Fees. (a) Interest on LIBOR Eurodollar Revolving Credit Loans and, except as provided in the next succeeding sentence, ABR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on (i) ABR Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate and (ii) interest on overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. (b) All Fees and Letter of Credit Outstandings shall be calculated on the basis of a 360- 365- (or 366-, as the case may be) day year for the actual days elapsed.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kindercare Learning Centers Inc /De)

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