Rate and Calculation Clause Samples

Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum determined by the Lender to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall in the case of an Interest Period of less than twelve (12) months be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrear on the Repayment Date. For the avoidance of doubt, interest shall be calculated on a simple and not compound basis.

Rate and Calculation. Subject to any applicable waivers and the qualifications below, as compensation for the Distribution Services and Shareholder Services rendered herein, Distributor will pay Company or Company Distributor a quarterly 12b-1 distribution and service fee at the rate set forth in each applicable Fund’s Prospectus and related Rule 12b-1 plan established pursuant to Rule 12b-1 under the 1940 Act (“Rule 12b-1 Plan”) (the “Distribution and Service 12b-1 Fee”). To the extent that Company receives a Distribution and Service 12b-1 Fee, it will pass the entire amount to the Company Distributor. Company Parties acknowledge that any Distribution and Service 12b-1 Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Company Parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company Parties agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund.

Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum conclusively determined by Agent to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrears on each Interest Payment Date. Agent shall notify Borrower and the Lenders of each interest rate determined under this Section.

Rate and Calculation. The rate of interest applicable to each Advance shall be the rate per annum determined by the Agent to be the aggregate of LIBOR for the applicable Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the applicable Interest Period but excluding the last, and shall be paid in arrears on the applicable Interest Payment Date. The Agent shall notify the Borrower and the Lenders of each interest rate determined under this Clause.

Rate and Calculation. The Tranche A rate of interest applicable to the Loan shall be a Fixed Rate without reference to any change to the PBOC base rate thereafter so long as the agreement on the Fixed Rate by the Parties does not fall into any violation of the applicable laws or regulations. Tranche B maybe either Fixed Rate or floating PBOC Rate plus margin, to be determined at the time of the Tranche B first drawing. Interest shall accrue daily, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrears on each Interest Payment Date. The Facility Agent will promptly notify the Co-borrowers of the interest rate determined under this Clause. The Facility Agent will before each Interest Payment Date notify the Co-borrowers of the amount of interest payable by the Co-borrowers on such Interest Payment Date. In case of market disruption or early repayment (whether voluntarily or mandatory) by Co-borrowers, the Co-borrowers shall indemnify the Facility Agent for any Hedge Break Costs in relation to the Fixed Rate.

Rate and Calculation. When evidenced by a Floating Rate Note, the Loan -------------------- shall bear interest at the then applicable Floating Rate. When evidenced by a Fixed Rate Note, the Loan shall bear interest at the Fixed Rate. Interest shall accrue from day to day during each Interest Period, including the first day of such Interest Period but excluding the last, and (i) on or prior to the Conversion or if the Determination Date has occurred, shall be paid, in arrears, on the last day of each Interest Period (or, in the case of an Interest Period with a duration of less than one (1) month, such later date as the Facility Agent may agree) and (ii) after the Conversion, shall be paid in arrears on each Payment Date. The Floating Rate shall be calculated on the basis of a year of 360 days and actual days elapsed. The Fixed Rate shall be calculated on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each. Default interest shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed and shall otherwise be payable in accordance with Clause 14.

Rate and Calculation. Subject to the qualifications below, as compensation for the Services rendered herein, Distributor will pay Company Distributor a quarterly 12b-1 Distribution Fee and the Company a quarterly 12b-1 Service Fee at the rate set forth in each applicable Fund’s Prospectus and related Rule 12b-1 plan established pursuant to Rule 12b‑1 under the 1940 Act (“Rule 12b-1 Plan”). Company Parties acknowledge that any 12b-1 Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Company Parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company Parties agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund.

Rate and Calculation. Revolving Loan Facility applicable to each Advance or the relevant part thereof for each Interest Period shall be the rate per annum determined by the Bank to be the aggregate of LIBOR for that Interest Period or the Bank's cost of fund, whichever is higher, plus 1.3% p.a.. a) L/C opening commission: first USD50,000.00 at 1/4% and afterwards at 1/32% b) Acceptance commission: first USD50,000.00 at 1/4% and afterwards at 1/32%

Rate and Calculation. (i) the interest rate applicable, per annum to each Advance under Facility A will be the London Interbank Offered Rate ([[LIBOR]]), for the relevant term & currency plus a margin as defined in clause 3.3. [[LIBOR]] is defined, in respect of any Advance or unpaid sum, as the annual percentage rate determined by the Bank to be the rate which would have been offered to the Bank by prime banks in the London interbank market at or about 11 a.m. (London time) on the quotation date for deposits of a comparable amount to that Advance or other sum, in the same currency and for a period comparable to its term. LIBOR shall be the rate displayed on Telerate page 3750 two business days prior to any draw-down or renewal of such Advances, rounded to the next 1/16 of a percent. Any and all interest and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed [or in the case of an Advance drawn in Pound Sterling on the basis of a year of 365 days]. (ii) the interest rate applicable to the Facility B current account credit limit will be for Swiss francs 5.375% p.a. increased by a quarterly utilisation fee of 1/4% calculated on the highest used amount of Facility B. In case of change of the money market conditions, the Bank has the right to adapt, without notice period and at its sole discretion the current account debit interest rate. Such change shall only occur in case the Bank changes the rate on current account credit limits applicable to borrowers similarly situated to the Borrower or if the Bank adapts its internal rating.