Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. (b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Maxxam Inc)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" the BofA Rate and all computations of facility fees shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each Interest Period or other period during which interest or such fees are computed from the first day thereof to but excluding the last day thereof.
(b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of interest for -------------------------------- Base Rate Advances Loans when the Base Rate is determined by BofA's "reference prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of fees, commissions and interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "Bank of America’s “reference rate" ” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made computed on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company and the Banks Lenders in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Tracinda Corp)
Computation of Fees and Interest. (a) All computations of fees and of interest for Base Rate Advances Loans when the Base Rate is determined by BofABank of America's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Gymboree Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofABank of America's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Marcus Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from and including the first day thereof to and excluding the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company Borrower and the Banks Lenders in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations Interest on any Loan bearing interest based upon Bank of interest for Base Rate Advances when the Base Rate is determined by BofA's "reference rate" America’s prime rate or denominated in Pounds Sterling shall be made computed for the actual number of days elapsed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsedapplicable. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company applicable Borrower and the Banks Lenders in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of -------------------------------- interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks Lenders in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Mail Well Inc)
Computation of Fees and Interest. (a) All computations of fees, commissions and interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made computed on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Kerkorian Kirk)
Computation of Fees and Interest. (a) All computations of interest -------------------------------- for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company Borrower and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (U S Rentals Inc)
Computation of Fees and Interest. (a) All computations of fees and interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and for the actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and for the actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Administrative Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofAthe Bank's "reference prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-360 day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day yearyear of 365 or 366 days, as the case may be). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to to, but excluding, the last day thereof.
(b) Each determination of an interest rate by the Agent Bank shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Efunds Corp)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofA's "reference rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each reasonable determination of an interest rate or a Dollar Equivalent by the Administrative Agent shall be conclusive and binding on the Company Credit Parties and the Banks Lending Parties in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (Trylon Corp/Mi/)
Computation of Fees and Interest. (a) All computations of interest for Base Rate Advances Loans when the Base Rate is determined by BofABank of America's "reference rate" or any successor rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest and fees being paid than if computed on the basis of a 365-day year). Interest and the commitment fee fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.
(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Banks in the absence of manifest error.
Appears in 1 contract