Basis of calculation. All interest (including default interest) and commitment fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed.
Appears in 2 contracts
Sources: Loan Agreement (Chartered Semiconductor Manufacturing LTD), Loan Agreement (Chartered Semiconductor Manufacturing LTD)
Basis of calculation. All interest (including default interest) and commitment fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Trio Tech International)