Common use of Computations of Interest Clause in Contracts

Computations of Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

Appears in 10 contracts

Samples: Abl Credit Agreement (Builders FirstSource, Inc.), Credit Agreement (Builders FirstSource, Inc.), Credit Agreement (Builders FirstSource, Inc.)

AutoNDA by SimpleDocs

Computations of Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 three hundred sixty (360) days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder when the Base Rate is determined in accordance with clause (i) of the definition thereof shall be made on the actual number of days elapsed over a year of 365 three hundred sixty-five (365) or 366 three hundred sixty six (366) days, as applicable.

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

Computations of Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 three hundred sixty (360) days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder when the Base Rate is determined in accordance with clause (i) of the definition thereof shall be made on the actual number of days elapsed over a year of 365 three hundred sixty-five (365) or 366 three hundred sixty six (366) days, as applicable.as

Appears in 1 contract

Samples: Credit Agreement (PGT Innovations, Inc.)

Computations of Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 three hundred sixty (360) days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 three hundred sixty-five (365) or 366 three hundred sixty six (366) days, as applicable.

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

Computations of Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.. Table of Contents

Appears in 1 contract

Samples: Credit Agreement (JGWPT Holdings Inc.)

AutoNDA by SimpleDocs

Computations of Interest. Except as provided in the next succeeding sentence, all All computations of interest on any Fixed Rate Loans, Swing Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 360 days. All computations of interest on Base Rate Loans and Unpaid Drawings which accrue interest based on the Prime Rate hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

Appears in 1 contract

Samples: Credit Agreement (RBC Bearings INC)

Computations of Interest. Except as provided in the next succeeding sentence, all All computations of interest on any Fixed Rate Loans, Swing Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 360 days. All computations of interest on Base Rate Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

Appears in 1 contract

Samples: Credit Agreement (RBC Bearings INC)

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