Common use of Interest Payment and Computation Clause in Contracts

Interest Payment and Computation. (i) Interest on each Canadian Prime Rate Loan and each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing September 30, 2006; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. Interest on LIBOR Rate Loans and all fees (except for Stamping Fees) shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Canadian Prime Rate Loans, Base Rate Loans and Stamping Fees shall be computed on the basis of a 365/366-day year and assessed for the actual number of days elapsed.

Appears in 10 contracts

Samples: Credit Agreement (Bowater Inc), Credit Agreement (AbitibiBowater Inc.), Fourth Amendment (Bowater Inc)

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Interest Payment and Computation. (i) Interest on each Base Rate Loan, each Canadian Prime Base Rate Loan and each Base Quoted Swingline Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing September 30December 31, 20062004; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. Interest on LIBOR Rate Loans and all fees (except for Stamping Fees) payable hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Canadian Prime Rate Loans, Base Rate Loans and Stamping Fees Canadian Base Rate Loans shall be computed on the basis of a 365/366365/66-day year and assessed for the actual number of days elapsed.

Appears in 3 contracts

Samples: Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp)

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Interest Payment and Computation. (i) Interest on each Base Rate Loan, Canadian Prime Base Rate Loan and each Base Quoted Swingline Rate Loan shall be due and payable in arrears on the last Business Day or Canadian Business Day, as applicable, of each calendar quarter commencing September June 30, 20062002; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. Interest on LIBOR Rate Loans and all fees (except for Stamping Fees) payable hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Canadian Prime Rate Loans, Base Rate Loans and Stamping Fees Canadian Base Rate Loans shall be computed on the basis of a 365/366365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

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