Common use of Computation of Yield Clause in Contracts

Computation of Yield. All Yield shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such Yield is payable over a year comprised of 360 days. Each Lender and the Facility Agent (for itself) shall determine the applicable Yield, all Fees, any amounts due and payable pursuant to Sections 4.3 and 5.1 and any other amounts hereunder to be paid by the Borrower to the Lenders or the Facility Agent (as applicable) on each Distribution Date for the related Accrual Period and shall advise the Facility Agent thereof in writing no later than the fifth (5th) day immediately prior to such Distribution Date.