Example ContractsClausescomputation of interest and related feesVariants
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SECTION # Computation of Interest and Fees. Interest based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees under this [Article 2] shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

SECTION # Computation of Interest and Fees. Interest basedAll computations of interest for Base Rate Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate shall be computedmade on the basis of a year of 365 or 366 days, as the case may be, and actual days (or 366 days inelapsed. All other computations of fees and interest shall be made on the basis of a leap year)360-day year and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and(which results in more fees under this [Article 2] shall beor interest, as applicable, being paid than if computed on the basis of a year of 360 days and paid365-day year). Interest shall accrue on each Loan for the actual numberday on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to [Section 2.12(a)], bear interest for one day. Each determination by the Administrative Agent of days elapsed (including the first day but excluding the last day).an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

SECTION # Computation of Interest and Fees. InterestExcept for Base Rate Loans bearing interest based on the Prime RateRate, which shall be computedcalculated on the basis of a 365 or 366 day year as the case may be, all computations of 365 days (or 366 days in a leap year)interest and paid forfees hereunder shall be made on the basis of the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees under this [Article 2] shall be computed on the basis ofover a year of 360 daysdays. Interest shall accrue from and paid forinclude the actual numberdate of days elapsed (includingborrowing (or continuation or conversion), but exclude the first day but excluding the last day).date of payment.

SECTION # Computation of Interest and Fees. Interest basedAll computations of interest for Base Rate Loans in respect of which the rate of interest is calculated on the basis of the 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 computations of interest calculated by reference to the Daily Simple RFR shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and paid foractual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual number of days elapsed (including the first day but excluding the last day). All other interest and(which results in more fees under this [Article 2] shall beor interest, as applicable, being paid than if computed on the basis of a year of 360 days and paid365-day year). Interest shall accrue on each Loan for the actual numberday on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to [Section 2.12(a)], bear interest for one day. Each determination by the Administrative Agent of days elapsed (including the first day but excluding the last day).an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

SECTIONSection # Computation of Interest and Fees. (a) Interest based on ’s base rate or the PrimeFederal Funds Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees under this [Article 2] shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

SECTIONSection # Computation of Interest and Fees. Interest based on the PrimeBase Rate hereunder (including computations of the Base Rate determined by reference to the Euro-Dollar Rate) shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees under this [Article 2] shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

SECTION # Computation of Interest and Fees. Interest based onAll computations of interest for Base Rate Loans calculated by reference to the Prime Rate“prime rate” and for the Delayed Draw Ticking Fee shall be computedmade on the basis of a year of 365 days (oror 366 days, as the case may be, and actual days inelapsed. All other computations of fees and interest shall be made on the basis of a leap year)360-day year and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and(which results in more fees under this [Article 2] shall beor interest, as applicable, being paid than if computed on the basis of a year of 360 days and paid365-day year). Interest shall accrue on each Loan for the actual numberday on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.10(a), bear interest for one day. Each determination by the Administrative of days elapsed (including the first day but excluding the last day).an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

SECTIONSection # Computation of Interest and Fees. Interest based on the PrimeBase Rate hereunder (including computations of the Base Rate determined by reference to the Euro-Dollar Rate) shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees under this [Article 2] shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

SECTION # Computation. All computations of Interest and Fees. Interest based oninterest for Base Rate Loans when the PrimeBase Rate is determined by the “prime lending rate” shall be computedmade on the basis of a year of 365 days (oror 366 days, as the case may be, and actual days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day).elapsed. All other interestcomputations of fees and fees under this [Article 2]interest shall be computedmade on the basis of a 360 day year of 360and actual days and paidelapsed. Interest shall accrue on each Loan for the actual numberday on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to [Section 2.14(a)], bear interest for one day. Each determination by the Administrative Agent of days elapsed (including the first day but excluding the last day).an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

SECTION # Computation of Interest and Fees. Interest basedInterest. All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and paidin each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). All other interestThe applicable Daily LIBOR Rate, Adjusted LIBOR Rate and fees under this [Article 2]LIBOR Rate shall be computed ondetermined by the basis of a year of 360 daysAdministrative Agent, and paid for the actual number of days elapsed (including the first day but excluding the last day).such determination shall be conclusive absent clearly manifest error.

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