Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 30, 2014; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling shall be made on the basis of a 365‑day year (or 366 days in a leap year) and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day year and actual days elapsed.
Appears in 1 contract
Samples: Credit Agreement (Blackbaud Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June September 30, 20142016; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Samples: Credit Agreement (Cirrus Logic Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 3028, 2014; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Samples: Credit Agreement (Cirrus Logic Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 30, 20142012; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Samples: Credit Agreement (Cirrus Logic Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June September 30, 20142021--; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter month commencing June 30October 31, 20142013; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
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Interest Payment and Computation. Interest In addition to such other times as may be specified herein, (i) interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 30December 31, 20142018; and (ii) 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 3)-month interval during such Interest Period. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter month commencing June September 30, 20142013; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Samples: Credit Agreement (OMNICELL, Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 30, 20142012; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling shall be made on the basis of a 365‑day 365-day year (or 366 days in a leap year) and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsed.
Appears in 1 contract
Samples: Credit Agreement (Blackbaud Inc)
Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing June 30September 27, 2014; 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. All computations of interest for (x) Base Rate Loans when the Base Rate is determined by the prime rate and (y) Loans denominated in Pounds Sterling Prime Rate shall be made on the basis of a 365‑day year (of 365 or 366 days in a leap year) days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360‑day 360-day year and actual days elapsedelapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).
Appears in 1 contract
Samples: Credit Agreement (Cirrus Logic Inc)