Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 6 contracts
Sources: Senior Secured Revolving Credit Facility (Seacor Holdings Inc /New/), Revolving Credit Facility (Seacor Holdings Inc /New/), Revolving Credit Facility Agreement (Seacor Smit Inc)
Calculation of interest. All interest Interest on all Obligations shall accrue from day to day and be calculated on the basis of actual number of days elapsed and on the basis of a that an entire year's interest is earned in three hundred sixty (360) day yeardays.
Appears in 6 contracts
Sources: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)
Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 4 contracts
Sources: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Calculation of interest. All interest shall accrue from day to day-to-day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day year.
Appears in 4 contracts
Sources: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Credit Agreement (Overseas Shipholding Group Inc)
Calculation of interest. All interest Interest shall accrue from day to day and be calculated on the actual number of days elapsed and on the basis of a three hundred sixty (360) day yeardays per year factor applied to the number of actual days elapsed.
Appears in 4 contracts
Sources: Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)
Calculation of interest. All interest shall accrue from day to day and be calculated on the actual number of days elapsed lapsed and on the basis of a three hundred sixty (360) day year.
Appears in 3 contracts
Sources: Credit Agreement (Chiles Offshore Inc/New/), Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore LLC)
Calculation of interest. All interest Interest applicable to any amount payable hereunder shall accrue from day to day and be calculated on for the actual number of days elapsed and on the basis of a year consisting of three hundred and sixty (360) day yeardays.
Appears in 3 contracts
Sources: Equipment Supply and Services Agreement (Velocom Inc), Equipment Supply and Services Agreement (Velocom Inc), Equipment Supply and Services Agreement (Velocom Inc)
Calculation of interest. All The interest shall accrue from day to day and be calculated on the basis of the actual number of days elapsed and on the basis a year of a three hundred and sixty (360) day yeardays.
Appears in 2 contracts
Sources: Facility Agreement (Tiffany & Co), Loan Agreement (Tiffany & Co)
Calculation of interest. All interest Interest on all Obligations shall accrue from day to day and be calculated on the basis of actual number of days elapsed and on the basis of a that an entire year’s interest is earned in three hundred sixty (360) day yeardays. This calculation method results in a higher effective interest rate than the numeric interest rate stated in this Agreement. Interest shall accrue from and including the date of any Advance to but excluding the date of any repayment thereof.
Appears in 1 contract
Sources: Credit Agreement (Janel Corp)