Common use of Annual Equivalents Clause in Contracts

Annual Equivalents. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of subsection 4.4.1 are the following rates: (the quoted rate) x (number of days in the year) ÷ 360 = % per annum.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Alimentation Couche Tard Inc)

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Annual Equivalents. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of subsection 4.4.1 3.6.3 and with the provisions of clause (ii) of subsection 3.6.2 are the following ratesrate: (the quoted rate) x (number of days in the year) ÷ 360 = % per annum. The annual rates to which are equivalent the rates determined in accordance with the provisions of subsection 3.6.1 and clause (i) of subsection 3.6.2 are the following rate: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum.

Appears in 2 contracts

Samples: Credit Agreement (Cgi Group Inc), Credit Agreement (Cgi Group Inc)

Annual Equivalents. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of clause (i) of subsection 4.4.1 5.4.1 are the following rates: (the quoted rate) x (number of days in the year) ÷ 360 = % per annum.. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of clause (ii) of subsection 5.4.1 are the following rates: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum

Appears in 2 contracts

Samples: Credit Agreement (Cgi Group Inc), Credit Agreement (Cgi Group Inc)

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Annual Equivalents. The annual rates to which are equivalent the rates determined in accordance with the provisions of clause (i) of subsection 3.4.1 are the following rate: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of clause (ii) of subsection 4.4.1 3.4.1 are the following ratesrate: (the quoted rate) x (number of days in the year) ÷ 360 = % per annum.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Alimentation Couche Tard Inc)

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