Common use of Basis of Accrual Clause in Contracts

Basis of Accrual. Interest, commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 5 contracts

Sources: Term Loan Agreement, Term Loan Agreement, Term Facility Agreement (Zindart LTD)

Basis of Accrual. Interest, commitment letter of credit commission and fees accruing hereunder shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 4 contracts

Sources: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Basis of Accrual. Interest, commitment Any commission and fees or fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Sources: Credit Facility Agreement (Lucid Group, Inc.)

Basis of Accrual. Interest, Interest and commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Sources: Credit Agreement (Comple Tel LLC)

Basis of Accrual. Interest, Interest and the commitment commission and fees fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where if market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Sources: Multicurrency Revolving Credit Agreement (Royal Ahold)

Basis of Accrual. InterestAny interest, commitment commission and or fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) practice and the actual number of days elapsed.

Appears in 1 contract

Sources: Term Loan Agreement (Genesys Sa)

Basis of Accrual. Interest, Interest and commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Sources: Loan Agreement (Getronics N V)

Basis of Accrual. InterestAny interest, commitment commission and or fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) practice and the actual number of days elapsed.

Appears in 1 contract

Sources: Term Facility Agreement (Genesys Sa)

Basis of Accrual. Interest, Interest and commitment commission and fees shall will accrue from day to day and shall will be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Sources: Revolving Credit Agreement (Shurgard Storage Centers Inc)