Common use of Basis of calculation Clause in Contracts

Basis of calculation. All interest and commitment and utilisation fees shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a year of 360 days or in accordance with the then current market practice in the Inter-bank Market.

Appears in 7 contracts

Sources: Revolving Credit Agreement (Alstom), Revolving Credit Facility Agreement (Alstom), Revolving Credit Agreement (Alstom)

Basis of calculation. All interest and commitment and utilisation fees shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a year of 360 days or in accordance with the then current market practice in the Inter-bank Market.

Appears in 1 contract

Sources: Subordinated Debt Facility Agreement (Alstom)

Basis of calculation. All interest and commitment and utilisation fees payable 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 and a year of 360 days or in accordance with the then current market practice in the Inter-bank Marketelapsed.

Appears in 1 contract

Sources: Facility Agreement (Creative Technology LTD)

Basis of calculation. All interest and commitment and utilisation fees shall accrue from day to day and shall be calculated on the basis of a year of 365 days and the actual number of days elapsed and a year of 360 days or in accordance with the then current market practice in the Inter-bank Marketelapsed.

Appears in 1 contract

Sources: Debenture (Astrata Group Inc)