Common use of Interest Rate Computations Clause in Contracts

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 5 contracts

Samples: Credit Agreement (Crested Corp), Credit Agreement (Us Energy Corp), Credit Agreement (Crested Corp)

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Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 5 contracts

Samples: Credit Agreement (CrossPoint Energy CO), Credit Agreement (Petro Resources Corp), Credit Agreement (Gulfwest Energy Inc)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 3 contracts

Samples: Keep Well Agreement, Keep Well Agreement, Credit Agreement (Us Energy Corp)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 2 contracts

Samples: Credit Agreement (Us Energy Corp), Participation Agreement (Baron Energy Inc.)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year). Interest shall accrue on each Loan from and include the date of funding of such Loan pursuant to Section 2.05, and in each case but shall be payable for exclude the actual number date of days elapsed (including the first day but excluding the last day)payment.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Legacy Reserves Inc.), Term Loan Credit Agreement (Legacy Reserves Lp)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year). The Prime Rate shall be determined by the Lender, and in each case such determination shall be payable for conclusive absent manifest error, and be binding upon the actual number of days elapsed (including the first day but excluding the last day)parties hereto.

Appears in 1 contract

Samples: Credit Agreement (Energy Resources 12, L.P.)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed ---------------------------- on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Samples: Credit Agreement (Us Energy Corp)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last dayday of the relevant computation period).

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy Group, LLC)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 three hundred sixty (360) days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).three

Appears in 1 contract

Samples: Credit Agreement (Chord Energy Corp)

Interest Rate Computations. All interest hereunder and under the other Loan Documents shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, if any, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Samples: Credit Agreement (Dune Energy Inc)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Samples: Term Loan Agreement (Gulfslope Energy, Inc.)

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Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last dayday of the relevant computation period). [Reserved] .

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy Group, LLC)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year)days, and in each as the case shall be payable for the actual number of days elapsed (including the first day but excluding the last day)may be.

Appears in 1 contract

Samples: Security and Guaranty Agreement (Seahawk Drilling, Inc.)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Appears in 1 contract

Samples: Secured Term Credit Agreement (PetroShare Corp.)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For the avoidance of doubt, no date of payment shall be included in any computation.

Appears in 1 contract

Samples: Senior Secured First Lien Term Loan Credit Agreement (Clean Energy Fuels Corp.)

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 three hundred sixty (360) days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 three hundred sixty-five (365) days (or 366 three hundred sixty-six (366) days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).except that interest computed by reference to clause

Appears in 1 contract

Samples: Credit Agreement

Interest Rate Computations. All interest hereunder shall be -------------------------- computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The Interest Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (AST SpaceMobile, Inc.)

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