Interest Computations. All computations of interest on any Borrowing hereunder shall include the first day but exclude the last day of the Interest Period in effect for such Borrowing and shall be based upon a year of 360 days. The Applicable Interest Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Appears in 4 contracts
Samples: Loan Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp)
Interest Computations. All computations of interest on any Borrowing hereunder shall include the first day but exclude the last day of the Interest Period in effect for such Borrowing and shall be based upon a year of 360 days. The Applicable Interest Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent or, with respect to each CP Rate Loan, the applicable Group Agent, and such determination shall be conclusive absent manifest error.
Appears in 2 contracts
Samples: Accession Agreement (Solarcity Corp), Accession Agreement (Solarcity Corp)
Interest Computations. All computations of interest on any Borrowing hereunder shall include the first day but exclude the last day of the Interest Period in effect for such Borrowing and shall be based based, (x) with respect to LIBO Loans, upon a year of 360 daysdays and on actual days elapsed and (y) with respect to Base Rate Loans, upon a year of 365/366 days and on actual days elapsed. The Applicable Interest Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, Agent and such determination shall be conclusive absent manifest error.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Solarcity Corp)
