Common use of Interest Payment and Computation Clause in Contracts

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30, 2001; and interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans and all 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 Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30June 29, 20012002; and interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans and all 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 Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30December 31, 2001; and interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans and all 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 Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar fiscal quarter of the Borrower commencing on the last Business Day of the fiscal quarter ending September 30, 2001; and interest 1996. Interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans All interest rates and all fees payable provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and elapsed, except interest on with respect to each Base Rate Loans Loan shall be computed on the basis of a 365/66365/366-day year and assessed for the actual number of days elapsedyear.

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar fiscal quarter of the Borrower commencing on the last Business Day of the fiscal quarter ending September 30, 2001; and interest 1997. Interest on each Eurodollar Loan and Absolute Rate Loan shall be payable on the last day of each Interest Period applicable thereto, and if such Interest Period interest period extends over three (3) months, at the end of each three (3) three-month interval during such Interest Period. Interest on Eurodollar Rate Loans All interest rates and all fees payable provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and elapsed, except interest on with respect to each Base Rate Loans Loan shall be computed on the basis of a 365/66365/366-day year and assessed for the actual number of days elapsedyear.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30December 31, 20012002; and interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans and all 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 Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

Interest Payment and Computation. Interest on each Base Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30, 20012003; and interest on each Eurodollar Rate Loan shall be 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 Eurodollar Rate Loans and all 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 Base Rate Loans shall be computed on the basis of a 365/66-day year and assessed for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

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