Treatment of Fees. Except as otherwise provided by applicable Governmental Requirements, the fees described in this Section 4 (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreement, (c) shall be payable in accordance with Section 3, (d) shall be non refundable, (e) shall, to the fullest extent permitted by applicable Governmental Requirements, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, 366 days, as the case may be.
Appears in 3 contracts
Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)
Treatment of Fees. Except as otherwise provided by applicable Governmental Requirements, the fees described in this Section 4 (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreement, (c) shall be payable in accordance with Section 3, (d) shall be non non-refundable, (e) shall, to the fullest extent permitted by applicable Governmental Requirements, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 2 contracts
Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)
Treatment of Fees. Except as otherwise provided by applicable Governmental RequirementsLaw, the fees described in this Section 4 SECTION 4: (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementFacility B Agreement, (c) shall be payable in accordance with Section 3SECTION 3.1, (d) shall be non non-refundable, (e) shall, to the fullest extent permitted by applicable Governmental RequirementsLaw, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Worldcom Inc /Ga/)
Treatment of Fees. Except as otherwise provided by applicable Governmental Requirementslaw, the fees described in this Section 4 SECTION 2.8 (ai) do not constitute compensation for the use, detention, or forbearance of money, (bii) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementAgreement, (ciii) shall be payable in accordance with Section 3SECTION 2.7(e), (div) shall be non non- refundable, (ev) shall, to the fullest extent permitted by applicable Governmental Requirementslaw, bear interest, if not paid when due, at the Default Rate, and (fvi) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest REVOLVING CREDIT AGREEMENT 24 29 being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract
Samples: Revolving Credit Agreement (United Dental Care Inc /De/)
Treatment of Fees. Except as otherwise provided by applicable Governmental RequirementsLaw, the fees described in this Section 4 SECTION 4: (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementFacility A Agreement, (c) shall be payable in accordance with Section 3SECTION 3.1, (d) shall be non non- refundable, (e) shall, to the fullest extent permitted by applicable Governmental RequirementsLaw, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day day, but excluding the last day) elapsed, but computed as if each calendar year AMENDED AND RESTATED FACILITY A REVOLVING CREDIT AGREEMENT 39 45 consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract
Samples: Facility a Revolving Credit Agreement (Worldcom Inc /Ga/)
Treatment of Fees. Except as otherwise provided by applicable Governmental RequirementsLaw, the fees described in this Section 4 SECTION 4: (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementFacility A Agreement, (c) shall be payable in accordance with Section 3SECTION 3.1, (d) shall be non non-refundable, (e) shall, to the fullest extent permitted by applicable Governmental RequirementsLaw, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract
Treatment of Fees. Except as otherwise provided by applicable Governmental RequirementsLaw, the fees ----------------- described in this Section 4 5 (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementthe Loan Documents, (c) shall be payable in accordance with Section 33.1(c), (d) shall be non non-refundable, (e) shall, to the fullest extent permitted by applicable Governmental RequirementsLaw, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract
Treatment of Fees. Except as otherwise provided by applicable Governmental RequirementsLaw, the fees described in this Section 4 SECTION 4: (a) do not constitute compensation for the use, detention, or forbearance of money, (b) are in addition to, and not in lieu of, interest and expenses otherwise described in this agreementFacility B Agreement, (c) shall be payable in accordance with Section 3SECTION 3.1, (d) shall be non non-refundable, (e) shall, to the fullest extent permitted by applicable Governmental RequirementsLaw, bear interest, if not paid when due, at the Default Rate, and (f) shall be calculated on the basis of actual number of days (including the first day day, but excluding the last day) elapsed, but computed as if each calendar year consisted of 360 days, unless such computation would result in interest being computed in excess of the Maximum Rate in which event such computation shall be made on the basis of a year of 365 or, or 366 days, as the case may be.
Appears in 1 contract