Computations of Interest. Interest on LIBOR Loans and Senior Term Loans shall be calculated on the basis of a 360-day year for the actual days elapsed and interest on ABR Loans in respect of which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overdue interest shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.
Computations of Interest. Interest on LIBOR Loans and Senior Term Loans shallAll interest hereunder will be calculatedcomputed on the basis of a 360-day year forof 360 days, except that interest computed by reference to the actual days elapsed and interest on ABR Loans in respect of whichat times when the rate of interestABR is calculatedbased on the basis of the Administrative Agents prime rate and overdue interest shallwill be calculatedcomputed on the basis of a 365-year of 365 days (or 366-366 days in a leap year), as the case may be) day yearand, in each case, will be payable for the actual number of days elapsed.elapsed (including the first day but excluding the last day). The applicable ABR, Adjusted LIBOR Rate or LIBOR Rate will be determined by the Administrative Agent, and such determination will be conclusive absent manifest error.
ComputationsAll computations of Interest. Interest on LIBORinterest for ABR Loans and Senior(including ABR Loans determined by reference to the Adjusted LIBO Rate or Adjusted Term LoansSOFR) shall be calculatedmade on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year for theand actual days elapsed and interest on ABR Loans(which results in respect of which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overdue interest shall be calculatedmore fees or interest, as applicable, being paid than if computed on the basis of a 365- (or 366-, as the case may be) day yearyear). Interest shall accrue on each Loan for the actual days elapsed.day 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 2.18], bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Computations of Interest. Interest on LIBOR Loans(a) Interest, fees and Senior Term Loanscommissions payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed and interest onelapsed, except that, with respect to ABR Loans in respect offor which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overduePrime Rate, interest shall be calculated on the basis of a 365- (or 365/366-, as the case may be) day year for the actual number of days elapsed. All interest hereunder on any Loan shall be computed on a daily basis based upon the outstanding principal amount of such Loan as of the applicable date of determination. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant of each determination of aan Adjusted LIBORTerm SOFR Rate. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant of the effective date and the amount of each such change in interest rate.
ComputationsComputation of Interest. Interest on LIBOR Loans and Senior Term LoansAll interest hereunder shall be calculatedcomputed on the basis of a 360-day year forof 360 days, except that interest computed by reference to the actual days elapsed and interest on ABR Loans in respect of which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overdue interestPrime Rate shall be calculatedcomputed on the basis of a 365-year of 365 days (or 366-366 days in a leap year), as theand in each case may be) day yearshall be payable for the actual number of days elapsed.elapsed (including the first day but excluding the last day). The applicable Daily LIBOR Rate, Adjusted LIBOR Rate and LIBOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent clearly manifest error.
ComputationsComputation of Interest. Interest on LIBOR Loans and Senior Term LoansFees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed and interest onelapsed, except that with respect to ABR Loans in respect of which the rate of interest on which is calculated on the basis of the Administrative Agents prime rate and overduePrime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. Any change in the interest rate on a Loan resulting from a change in the ABR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Company or the relevant Subsidiary Borrower and the Lenders of the effective date and the amount of each such change in interest rate.
ComputationsComputation of Interest. Interest on LIBORand Fees; Retroactive Adjustments of Applicable Margin. (a) All computations of interest for ABR Loans when the Alternate Base Rate is determined by _Administrative Agent, Swing Line Lender, an L/C Issuer, Joint Lead Arranger and Senior Term LoansJoint Book Runner:Organization_’ Prime Rate shall be calculatedmade on the basis of a 360-day year forof 365 or 366 days, as the case may be, and actual days elapsedelapsed. All other computations of fees and interest on ABR Loans in respect of which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overdue interest shall be calculatedmade on the basis of a 365- (or 366-, as the case may be) 360‑day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the actual days elapsed.day 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 or Multicurrency Administrative Agent, as applicable, of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Computations2.11Computation of Interest. Interest on LIBOR Loans and Senior Term LoansFees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed and interest onelapsed, except that with respect to ABR Loans in respect of which the rate of interest on which is calculated on the basis of the Administrative Agents prime rate and overduePrime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. Any change in the interest rate on a Loan resulting from a change in the ABR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Company and the Lenders of the effective date and the amount of each such change in interest rate.
ComputationsComputation of Interest. Interest on LIBORand Fees; Retroactive Adjustments of Applicable Rate. All computations of interest for Base Rate Loans and Senior Term(including Base RateABR Loans determined by reference to the EurodollarPrime Rate) shall be calculatedmade on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year for theand actual days elapsed and interest on ABR Loans(which results in respect of which the rate of interest is calculated on the basis of the Administrative Agents prime rate and overdue interest shall be calculatedmore fees or interest, as applicable, being paid than if computed on the basis of a 365- (or 366-, as the case may be) day yearyear). Interest shall accrue on each Loan for the actual days elapsed.day 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 fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Computations of Interest. Interest on LIBOR Loans and Senior Term LoansComputation. All interest hereunder shall be calculatedcomputed on the basis of a 360-day year of 360 days, and shall be payable for the actual number of days elapsed and interest on ABR Loans in respect of which(including the rate of interest is calculated onfirst day but excluding the basis of the Administrative Agents prime rate and overdue interestlast day). The LIBOR Rate shall be calculated ondetermined by the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.Lender, and such determination shall be conclusive absent manifest error.
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