Basis of Accrual. Interest and commitment commission 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.
Appears in 11 contracts
Sources: Revolving Loan Agreement (Teekay Shipping Corp), Senior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)
Basis of Accrual. Interest and commitment commission shall accrue from day to day and shall be calculated on the basis of a year of 360 365 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.
Appears in 7 contracts
Sources: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Inc/De/)
Basis of Accrual. Interest and commitment commission shall accrue from day to day and shall be calculated on the basis of a year of 360 365 days and the actual number of days elapsed.
Appears in 1 contract
Sources: Senior Credit Agreement (Transworld Healthcare Inc)