Day Count Fraction. Whenever it is necessary to compute an amount of interest in respect of a Loan Tranche for any period (including any Loan Tranche Interest Period), such interest shall be calculated on the basis of actual days elapsed in a 365 day year.
Appears in 2 contracts
Samples: Global Intercompany Loan Agreement (Granite Finance Funding 2 LTD), Intercompany Loan Agreement (Granite Finance Funding 2 LTD)
Day Count Fraction. Whenever it is necessary to compute an amount of interest in respect of a Loan Tranche for any period (including any Loan Tranche Interest PeriodPeriod for such Loan Tranche), such interest shall be calculated on the basis of actual days elapsed in a 365 day year.
Appears in 2 contracts
Samples: Granite Master Issuer PLC, Intercompany Loan Agreement (Granite Finance Trustees LTD)
Day Count Fraction. Whenever it is necessary to compute an amount of interest in respect of a Loan Tranche for any period (including any Loan Tranche Interest Period), such interest shall be calculated on the basis of [actual days elapsed in a 365 day year].
Appears in 1 contract
Samples: Global Intercompany Loan Agreement (Granite Finance Trustees LTD)
