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Common use of Computations Clause in Contracts

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 232 contracts

Samples: Revolving Credit Agreement (American Airlines, Inc.), Revolving Credit Agreement (American Airlines, Inc.), Revolving Credit Agreement (American Airlines Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 14 contracts

Samples: Revolving Credit Agreement (Jetblue Airways Corp), Revolving Credit Agreement (Jetblue Airways Corp), Revolving Credit Agreement (Jetblue Airways Corp)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate or the Market Disruption Base Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 13 contracts

Samples: Revolving Credit Agreement (Us Airways Inc), Revolving Credit Agreement (Us Airways Inc), Revolving Credit Agreement (Us Airways Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of (x) interest based on the LIBOR Rate and (y) fees payable to the Liquidity Provider, shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 9 contracts

Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate (other than where the LIBOR Rate is determined based on the Base Rate or any Benchmark Replacement with determinations based on a year of 365 or 366 days, as the case may be) shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 6 contracts

Samples: Revolving Credit Agreement (United Airlines, Inc.), Revolving Credit Agreement (United Airlines, Inc.), Revolving Credit Agreement (United Airlines, Inc.)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of (x) interest based on the LIBOR Rate and (y) fees payable to the Liquidity Provider shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 4 contracts

Samples: Irrevocable Revolving Credit Agreement (Midway Airlines Corp), Irrevocable Revolving Credit Agreement (Midway Airlines Corp), Irrevocable Revolving Credit Agreement (Midway Airlines Corp)

Computations. All computations of interest based on the Base ------------ Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 4 contracts

Samples: Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate and of fees payable to the Liquidity Provider shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 3 contracts

Samples: Irrevocable Revolving Credit Agreement (Northwest Airlines Corp), Irrevocable Revolving Credit Agreement (Northwest Airlines Corp), Irrevocable Revolving Credit Agreement (Northwest Airlines Corp)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/), Revolving Credit Agreement (Southwest Airlines Co), Revolving Credit Agreement (Southwest Airlines Co)

Computations. All computations of interest based on the ------------ Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 3 contracts

Samples: Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc)

Computations. All computations of interest based on ------------ the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Midway Airlines Corp), Revolving Credit Agreement (Midway Airlines Corp), Revolving Credit Agreement (Midway Airlines Corp)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate (other than where the LIBOR Rate is determined based on the Base Rate or any Benchmark Replacement Rate with determinations based on a year of 365 or 366 days, as the case may be) shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 3 contracts

Samples: Revolving Credit Agreement (United Airlines, Inc.), Revolving Credit Agreement (United Airlines, Inc.), Revolving Credit Agreement (United Airlines, Inc.)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate hereunder shall be made on the basis of a year of 360 days (except for interest calculated by reference to the Prime Rate in the case of Base Rate Loans, which shall be based on a year of 365 or 366 days, in each case as applicable) for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is are payable.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.), Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.. Revolving Credit Agreement (Class A) (Delta 2020-1 EETC)

Appears in 1 contract

Samples: Revolving Credit Agreement (Delta Air Lines, Inc.)

Computations. All computations of interest based ------------ on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (United Air Lines Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.. 24 20

Appears in 1 contract

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/)

Computations. All computations Axx xxxxxxations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northwest Airlines Corp)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.. Revolving Credit Agreement

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

Computations. All computations of interest computatioxx xx xxxxxxxt based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amtran Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate RateAdjusted Term SOFR shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fedex Corp)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.. Revolving Credit Agreement (Class AA) (Delta 2020-1 EETC)

Appears in 1 contract

Samples: Revolving Credit Agreement (Delta Air Lines, Inc.)

Computations. All computations comxxxxxxxxx of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of (x) interest based on the LIBOR Rate and (y) fees payable to the Liquidity Provider shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Irrevocable Revolving Credit Agreement (Federal Express Corp)

Computations. All computations of interest computationx xx xxxxxxxx based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amtran Inc)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.days

Appears in 1 contract

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on accrued at the LIBOR Rate (but not the Maximum Rate) hereunder and under the Note and the fees hereunder shall be made on the basis of a year of 360 days, in each case days for the actual number of days (including the first day but excluding the last day) occurring in elapsed, and all computations of interest accrued at the period for which such interest is payableMaximum Rate shall be based upon a year with 365 or 366 days, as appropriate.

Appears in 1 contract

Samples: Credit Agreement (Fitlife Brands, Inc.)

Computations. All computations of interest based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of 25 21 a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/)