Day Counts. Interest on ABR Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “Alternate Base Rate” and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “Alternate Base Rate”. Interest on all other Loans, and all fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed.
Appears in 13 contracts
Samples: Term Loan Credit Agreement (Southwest Gas Corp), Day Term Loan Credit Agreement (Southwest Gas Holdings, Inc.), Credit Agreement (Southwest Gas Holdings, Inc.)
Day Counts. Interest on ABR Revolving Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “"Alternate Base Rate” " and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “"Alternate Base Rate”". Interest on all other Loans, and all fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Credit Agreement (Southwest Gas Corp), Revolving Credit Agreement (Southwest Gas Corp)
Day Counts. Interest on ABR Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “Alternate Base Rate” and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “Alternate Base Rate”. Interest on all other Loans, and all fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed.. Section 3.06
Appears in 1 contract
Day Counts. Interest on ABR Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “Alternate Base Rate” and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “Alternate Base Rate”. Interest on all other Loans, and all fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Day Counts. Interest on ABR Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “Alternate Base Rate” and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “Alternate Base Rate”. Interest on all other Loans, and all fees shall be calculated on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Day Counts. Interest on ABR Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed for so long as interest is determined pursuant to clause (i) of the definition of “"Alternate Base Rate” " and (b) a 360-day year for the actual number of days elapsed for so long as interest is determined based on clause (ii) or clause (iii) of the definition of “"Alternate Base Rate”". Interest on all other Loans, and all fees Loans shall be calculated on the basis of a 360-day year for the actual number of days elapsed. All Fees shall be calculated on the basis of a 365-or, if applicable, a 366-day year for the actual number of days elapsed.
Appears in 1 contract
