Calculation of Interest and Fees definition

Calculation of Interest and Fees. Other than calculations in respect of interest at the Prime Rate (which shall be made on the basis of actual number of days elapsed in a 365/366 day year), all calculations of interest and fees shall be made on the basis of actual number of days elapsed in a 360-day year. CONDITIONS TO CLOSING4 The funding of the commitments of the Initial Lenders under the Commitment Letter with respect to the Bridge Facility are subject only to satisfaction (or waiver by the Initial Lenders in their sole discretion) of the conditions expressly stated in the section titled “Conditions” in the Commitment Letter and this Annex III.
View Source
Calculation of Interest and Fees. Other than calculations in respect of interest at the Prime Rate (which shall be made on the basis of actual number of days elapsed in a 365/366 day year), all calculations of interest and fees shall be made on the basis of actual number of days elapsed in a 360-day year.
View Source

Examples of Calculation of Interest and Fees in a sentence

  • Calculation of Interest and Fees..............................................................

  • Calculation of Interest and Fees; Maximum Interest Rate; Default Rate................................................................................................

  • Calculation of Interest and Fees.........................................

  • Calculation of Interest and Fees ...........................................................................

  • Calculation of Interest and Fees.....................................................

  • Calculation of Interest and Fees: Same as in the Existing Credit Agreement.

  • Calculation of Interest and Fees....................................................

  • Servicing Fee; Minimum Bank Interest; Calculation of Interest and Fees....

Related to Calculation of Interest and Fees

  • Calculation of Interest Unless otherwise specified in the applicable Pricing Supplement, any interest on the Notes (including interest for partial periods) will be calculated on the basis of a 360-day year of twelve 30-day months. (Examples of interest calculations are as follows: October 1, 2002 to April 1, 2003 equals 6 months and 0 days, or 180 days; the interest paid equals 180/360 times the annual rate of interest times the principal amount of the Note. The period from December 3, 2002 to April 1, 2003 equals 3 months and 28 days, or 118 days; the interest payable equals 118/360 times the annual rate of interest times the principal amount of the Note.)

  • Expression of Interest means a statement of qualifications submitted in response to and according to the terms of this Request for Expressions of Interest;

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Arrears of Interest means as at any date and in relation to any Mortgage Loan, interest (other than Capitalised Interest or Accrued Interest) on such Mortgage Loan which is currently due and payable on such date;