Method of Calculating Interest and Fees. Interest on each Loan shall be calculated on the basis of a year consisting of 360 days and paid for actual days elapsed, calculated as to each Interest Period from and including the first day thereof to, but not including, the last day thereof. Any fees shall be calculated on the basis of a year consisting of 360 days and paid for actual days elapsed.
Appears in 4 contracts
Samples: Credit Agreement (Legg Mason Value Trust Inc), Credit Agreement (Legg Mason Income Trust Inc), Credit Agreement (Legg Mason Light Street Trust Inc)
Method of Calculating Interest and Fees. Interest on each Loan shall be calculated on the basis of a year consisting of 360 days and paid for actual days elapsed, calculated as to each Interest Period Loan from and including the first day thereof date such Loan is made to, but not including, the last day thereofdate such Loan is paid. Any fees shall be calculated on the basis of a year consisting of 360 days and paid for actual days elapsed. Any fees, once paid, shall be non-refundable.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust), Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust)
