Common use of 360-Day Year Clause in Contracts

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) days.

Appears in 85 contracts

Samples: Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Celsion CORP)

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360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting for the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 43 contracts

Samples: Loan and Security Agreement (Ardelyx, Inc.), Loan and Security Agreement (Rapid Micro Biosystems, Inc.), Loan and Security Agreement (Achaogen Inc)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days.

Appears in 23 contracts

Samples: Loan and Security Agreement (Medicinova Inc), Loan and Security Agreement (Tetraphase Pharmaceuticals Inc), Loan and Security Agreement (Omeros Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days-day months.

Appears in 11 contracts

Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Loan and Security Agreement (Ardea Biosciences, Inc./De), Loan and Security Agreement (Advanced BioHealing Inc)

360-Day Year. Interest shall be is computed on the basis of a three hundred sixty (360) day year consisting for the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 10 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.), Loan and Security Agreement (LTX Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting and the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 10 contracts

Samples: Business Loan and Security Agreement (Biofrontera Inc.), Business Loan and Security Agreement (Biofrontera Inc.), Confessed Judgment Guaranty Agreement (Amphitrite Digital Inc)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of comprising twelve (12) months consisting of thirty (30) days.

Appears in 7 contracts

Samples: Loan and Security Agreement (Cryocor Inc), Loan and Security Agreement (ARYx Therapeutics, Inc.), Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting year, and the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 5 contracts

Samples: Loan and Security Agreement (Inspire Medical Systems, Inc.), Loan and Security Agreement (Trovagene, Inc.), Loan and Security Agreement (Inspire Medical Systems, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) daysdays for the actual days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc)

360-Day Year. Interest Subject to paragraph (f) below, interest shall be computed on the basis of a three hundred sixty (360) day year consisting for the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (LumiraDx LTD), Loan and Security Agreement (LumiraDx LTD)

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360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (12 30) days-day months.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) days, and shall be compounded annually.

Appears in 1 contract

Samples: Subordination Agreement (Pulmonx Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year year, consisting of twelve (12) months of thirty (30) days.

Appears in 1 contract

Samples: Loan and Security Agreement (Radius Health, Inc.)

360-Day Year. 360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting year, and the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Pulmonx Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days-day months.

Appears in 1 contract

Samples: Loan and Security Agreement (Alphatec Holdings, Inc.)

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