All computations of interest for Base Rate Loans when the Base Rate is determined by Reference Bank’s “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 other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest shall accrue on each Loan for the 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 for purposes of calculating interest, all principal payments made by or on account of the Borrowers shall be deemed to have been applied to the Loans two (2) Business Day(s) after receipt; for the avoidance of doubt, for purposes of calculating the amount of Revolving Loans which may be made available under Section 2.01, all principal payments made by or on account of the Borrowers shall be deemed to have been applied on the date of receipt. Each determination by the Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.