Day Count Basis. Interest and fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed (which results in more interest or fees, as the case may be, being paid than if calculated on the basis of a 365-day year); provided that interest with respect to Base Rate Loans incurring interest based on the Prime Rate shall be calculated on the basis of a 365/366-day year. The date of funding or conversion of a Term SOFR Rate Loan to a Base Rate Loan and the first day of an Interest Period shall be included in the calculation of interest. The date of payment of any Loan and the last day of an Interest Period shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.
Day Count Basis. Interest on Base Rate Loans shall be calculated on the basis of a 365/366-day year for the actual number of days elapsed (except at times that the Alternate Base Rate is calculated based upon the LIBOR Rate, in which case the interest will be calculated on the basis of a 360-day year for the actual number of days elapsed.) Interest on LIBOR Rate Loans and all other Obligations, including amounts due under Section 3.5, shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The date of funding or conversion of a LIBOR Rate Loan to a Base Rate Loan and the first day of an Interest Period shall be included in the calculation of interest. The date of payment of any Term Loan and the last day of an Interest Period shall be excluded from the calculation of interest; provided, if a Term Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.
Day Count Basis. Interest and fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed (which results in more interest or fees, as the case may be, being paid than if calculated on the basis of a 365-day year); provided, however, that interest and fees determined by reference to the Prime Rate shall be calculated on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed. The date of funding or conversion of a Term SOFR Rate Loan or Quoted Rate Loan and the first day of an Interest Period or Quoted Rate Period, as applicable, shall be included in the calculation of interest. The date of payment of any Loan and the last day of an Interest Period or Quoted Rate Period shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one day’s interest shall be charged.
Day Count Basis. All Outstanding Amounts, charges and other amounts payable under the Agreement shall accrue from day to day and shall be computed on and shall be computed on the basis of a 365 (Three Hundred and Sixty Five) day year for the actual number of days elapsed.
Day Count Basis. The Interest Rate and the Default Interest will be computed on an 'actual / actual' basis, on the Principal Amount of the Debentures.
Day Count Basis. Interest and fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed (which results in more interest or fees, as the case may be, being paid than if calculated on the basis of a 365-day year). The date of funding or conversion of the Term Loan from the LIBOR Rate Option or the Quoted Rate Option to the Base Rate Option and the first day of an Interest Period or Quoted Rate Period shall be included in the calculation of interest. The date of payment of the Term Loan and the last day of an Interest Period or Quoted Rate Period shall be excluded from the calculation of interest; provided, if the Term Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.
Day Count Basis. Interest and fees shall be calculated on the basis of a 360--day year for the actual number of days elapsed (which results in more interest or fees, as the case may be, being paid than if calculated on the basis of a 365-day year).); provided that interest with respect to Base Rate Loans incurring interest based on the Prime Rate shall be calculated on the basis of a 365/366 day year. The date of funding or conversion of thea Term SOFR Rate Loan from the LIBOR, Daily Simple SOFR Rate OptionLoan or the Quoted Rate OptionLoan to thea Base Rate OptionLoan, and the first day of an Interest Period or Quoted Rate Period shall be included in the calculation of interest. The date of payment of the Term Loan and the last day of an Interest Period or Quoted Rate Period shall be excluded from the calculation of interest; provided, if the Term Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.
Day Count Basis. Interest and fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed (which results in more interest or fees, as the case may be, being paid than if calculated on the basis of a 365-day year). The date of funding or conversion of the Term Loan from the LIBOR Rate Option to the Base Rate Option and the first day of an Interest Period shall be included in the calculation of interest. The date of payment of the Term Loan and the last day of an Interest Period shall be excluded from the calculation of interest; provided, if the Term Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.
Day Count Basis. Following is a list of conventions used to count the appropriate number of days between two dates in order to calculate accrued interest, yields and odd coupon amounts. For each rule, the numerator indicates the number of days between the dates and determines what happens if one of the dates falls on the 31st of a month. The denominator indicates how many days are considered in a year. Numerator: The actual number of days between two dates.
