Example ContractsClausescomputationsVariants
Remove:

Computations. All computations of interest based on the Prime Rate shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Federal Funds Effective Rate or the Eurodollar Rate and of fees shall be made by the Administrative Agent, on the basis of a year of 360 days, in each case for the actual number of days (including the first day, but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent of an interest rate shall be conclusive and binding for all purposes, absent manifest error.

Computations. All computations of interest based on the PrimeBase Rate (other than when the Base Rate is determined by reference to the Federal Funds Rate or the Eurodollar Rate) shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Federal Funds EffectiveEurodollar Rate or the EurodollarFederal Funds Rate and of fees shall be made by the Administrative Agent,Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day,day but excluding the last day) occurring in the period for which such interestinterest, fees or feescommissions are payable. Each determination by the Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Section # Computations. All computations of interest based on the Prime Rate shall be made by the Administrative Agent[[Organization B:Organization]] on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Federal Funds EffectiveEurodollar Rate or the EurodollarFederal Funds Rate and of fees shall be made by the Administrative Agent,[[Organization B:Organization]] on the basis of a year of 360 days, in each case for the actual number of days (including the first day,day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination byExcept as otherwise provided in the Administrative Agentdefinition of an interest ratethe term “Interest Period” with respect to any Eurodollar Rate Loan, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be conclusiveextended to the next succeeding Business Day, and binding for all purposes, absent manifest error.interest on any principal so extended shall accrue during such extension.

Computations. All computations of interest based on the PrimeBase Rate shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all other computations of interest based on the Federal Funds Effective Rate or the Eurodollar Rate and of fees shall be made by the Administrative Agent, and all computations of interest pursuant to [Section 2.08] shall be made by a [[Organization B:Organization]], on the basis of a year of 360 days, in each case for the actual number of days (including the first day,day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Computations. All computations of interestInterest hereunder based on the Prime RateAdministrative Agent’s prime lending rate shall be made by the Administrative Agentcomputed on the basis of a year of 365 ordays (or 366 days, asdays in a leap year) and paid for the case may be,actual number of days elapsed (including the first day but excluding the last day). All other interest and all computations of interest based on the Federal Funds Effective Rate or the Eurodollar Rate and of fees hereunder shall be made by the Administrative Agent,computed on the basis of a year of 360 days, in each casedays and paid for the actual number of days elapsed (including the first day,day but excluding the last day) occurring in the period for which such interest or fees are payable.. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes, absent manifest error.purposes.

Computations. All computations of interestInterest hereunder based on the Prime RateAdministrative Agent’s prime lending rate shall be made by the Administrative Agentcomputed on the basis of a year of 365 ordays (or 366 days, asdays in a leap year) and paid for the case may be,actual number of days elapsed (including the first day but excluding the last day). All other interest and all computations of interest based on the Federal Funds Effective Rate or the Eurodollar Rate and of fees hereunder shall be made by the Administrative Agent,computed on the basis of a year of 360 days, in each casedays and paid for the actual number of days elapsed (including the first day,day but excluding the last day) occurring in the period for which such interest or fees are payable.. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes, absent manifest error.purposes.

Computations. All computations of interest based on the Prime Rate’s base rate shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Federal Funds EffectiveEurocurrency Rate or the EurodollarFederal Funds Rate and of feesFacility Fees and Letter of Credit commissions shall be made by the Administrative Agent, and all computations of interest pursuant to [Section 2.08] shall be made by a , on the basis of a year of 360 days,days (or, in each case of Advances denominated in Committed Currencies where market practice differs, in accordance with such market practice), in each case for the actual number of days (including the first day,day but excluding the last day) occurring in the period for which such interestinterest, Facility Fees or feesLetter of Credit commissions are payable. Each determination by the Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.