Example ContractsClausescomputation of interest and related feesVariants
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All computations of interest with respect to the Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any period shall be calculated on the basis of a year of 360 days for the actual number of days elapsed in such period (except in the case of Base Rate Loans, which shall be 365 days (or 366 days in a leap year)). Interest shall accrue from the first day of the making of a Loan (or the date on which interest or fees or other payments are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.

All computationsSECTION # Computation of interest with respect toInterest and Fees. Interest on the Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any period shall be calculatedcomputed on the basis of a year of 360 days and paid for the actual number of days elapsed in such period (except in the case of Base Rate Loans, which shall be 365 days (or 366 days in a leap year)). Interest shall accrue from(including the first day but excluding the last day). Facility fees, letter of credit fees and any other fees (excluding Facing Fees) payable hereunder shall be computed on the makingbasis of a Loan (oryear of 360 days and paid for the date on which interest or fees or other payments are due hereunder, if applicable) to (but not including)actual number of days elapsed (including the date of repayment of such Loan (orfirst day but excluding the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.last day).

Computation. All computations of interest (other than interest that is calculated with respectreference to the LoansBase Rate) and computations offees chargeable under the fees (including the Letter of Credit Fee) due hereunder for any periodLoan Documents shall be calculatedcomputed on the basis of a year of 360 daysday year, in each case, for the actual number of days elapsed in suchthe period (except induring which the case of Base Rate Loans, which shall be 365 days (or 366 days in a leap year)). Interest shall accrue from the first day of the making of a Loan (or the date on which interest or fees accrue. All interest that is calculated with reference to the Base Rate under the Loan Documents shall be computed on the basis of a 365-day or other payments are due hereunder, if applicable)366-day year, as applicable, for the actual number of days elapsed in the period during which such interest accrues. In the event the Base Rate is changed from time to (but not including)time hereafter, the date of repayment of such Loan (or the date of the paymentrates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or fees or other payments, if applicable)decreased by an amount equal to such change in accordance with the provisions hereof.Base Rate.

Computation. All computations of interest with respect toand fees chargeable under the Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any periodLoan Documents shall be calculatedcomputed on the basis of a 360 day year (except that computations based upon reference to the Base Rate based upon clause (c) of 360 daysthe definition thereof shall be computed based on the basis of a 365-day year (or 366-day year in a leap year)), in each case, for the actual number of days elapsed in suchthe period (except induring which the case of Base Rate Loans, which shall be 365 days (or 366 days in a leap year)). Interest shall accrue from the first day of the making of a Loan (or the date on which interest or fees or other payments are due hereunder, if applicable)accrue. If the Base Rate is changed from time to (but not including)time hereafter, the date of repayment of such Loan (or the date of the paymentrates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or fees or other payments, if applicable)decreased by an amount equal to such change in accordance with the provisions hereof.Base Rate.

Section # Computation of Interest and Fees. All computations of interest with respect to thefor Base Rate Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any period shall be calculatedmade on the basis of a year of 360three hundred sixty-five (365) days, or three hundred sixty-six (366) days, as applicable, and actual days for the actual numberelapsed. All other computations of days elapsed in such period (except in the case of Base Rate Loans, whichfees and interest shall be 365made on the basis of a three hundred sixty (360) day year and actual days (or 366 days in a leap year)).elapsed. Interest shall accrue fromon each Loan for the first day of the making of a Loan (or the date 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 (1) day. Each determination by the Administrative Agent of an interest rate or fees or other payments are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

Computation of Interest and Fees. All computations of interest with respect to thefor Base Rate Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any period shall be calculatedmade on the basis of a year of 360three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and actual days forelapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual number of days elapsed (which results in such period (except inmore fees or interest, as applicable, being paid than if computed on the casebasis of Base Rate Loans, which shall be 365 days (or 366 days in a leapthree hundred sixty-five (365) day year)). Interest shall accrue fromon each Loan for the first day of the making of a Loan (or the date 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 (1) day. Each determination by the [[Administrative Agent:Organization]] of an interest rate or fees or other payments are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

Section # Computation of Interest and Fees. All computations of interest with respect to thefor Base Rate Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any period shall be calculatedmade on the basis of a year of 360three hundred sixty-five (365) days, or three hundred sixty-six (366) days, as applicable, and actual days for the actual numberelapsed. All other computations of days elapsed in such period (except in the case of Base Rate Loans, whichfees and interest shall be 365made on the basis of a three hundred sixty (360) day year and actual days (or 366 days in a leap year)).elapsed. Interest shall accrue fromon each Loan for the first day of the making of a Loan (or the date 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 (1) day. Each determination by the Administrative Agent of an interest rate or fees or other payments are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

Computation. All computations of interest with respect toand fees chargeable under the Loans and computations of the fees (including the Letter of Credit Fee) due hereunder for any periodLoan Documents shall be calculatedcomputed on the basis of a year of 360 daysday year, in each case, for the actual number of days elapsed in suchthe period (except induring which the case of Base Rate Loans, which shall be 365 days (or 366 days in a leap year)). Interest shall accrue from the first day of the making of a Loan (or the date on which interest or fees or other payments are due hereunder, if applicable)accrue. In the event the Base Rate is changed from time to (but not including)time hereafter, the date of repayment of such Loan (or the date of the paymentrates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or fees or other payments, if applicable)decreased by an amount equal to such change in accordance with the provisions hereof.Base Rate.

All computations of interest with respect toComputation Period. Interest on the Loans and computationsall other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the feesactual number of days elapsed (including the Letter of Credit Fee) due hereunder for any periodfirst day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year of 360 days foror 366-day year, as the actualcase may be. In computing the number of days elapsed in such period (except induring which interest accrues, the case of Base Rate Loans,day on which funds are initially advanced shall be 365 days (or 366 days in a leap year)). Interest shall accrue from the first dayincluded regardless of the makingtime of a Loan (orday such advance is made, and the dateday on which interest or fees or other paymentsfunds are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.repaid shall be included

Computation of Interest and Fees. All computations of interest withfor Base Rate Loans in respect toof which the Loans and computationsrate of interest is calculated on the basis of the fees (including the Letter of Credit Fee) due hereunder for any periodPrime Rate shall be calculatedmade on the basis of a year of 360365 or 366 days, as the case may be, and actual days forelapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual number of days elapsed (which results in such period (except inmore fees or interest, as applicable, being paid than if computed on the casebasis of Base Rate Loans, which shall be 365 days (or 366 days in a leap365-day year)). Interest shall accrue fromon each Loan for the first day of the making of a Loan (or the date 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 an interest rate or fees or other payments are due hereunder, if applicable) to (but not including) the date of repayment of such Loan (or the date of the payment of interest or fees or other payments, if applicable) in accordance with the provisions hereof.fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

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