Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days, including the date a Loan is made and excluding the date a Loan or any portion thereof is paid or prepaid.
Appears in 11 contracts
Samples: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.), Revolving Credit Agreement (Centennial Bank Holdings, Inc.), Revolving Credit Agreement (First Community Bancorp /Ca/)
Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days, including the date a the Term Loan is made and excluding the date a the Term Loan or any portion thereof is paid or prepaid.
Appears in 8 contracts
Samples: Promissory Note (Nuway Medical Inc), Term Loan Agreement (Nuway Medical Inc), Convertible Loan Agreement (Nuway Medical Inc)
Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days, including the date a drawing on the Loan is made funded and excluding the date a such drawing on the Loan or any portion thereof is paid or prepaid.
Appears in 1 contract
Samples: Loan Agreement (Learncom Inc /Nv/)
Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days, including the date a Loan is made and excluding the date a Loan or any portion thereof is paid or is prepaid.
Appears in 1 contract
Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 365 or 366 days, including as the case may be. Interest shall be calculated to include the date a Loan is made and excluding exclude the date a such Loan or any portion thereof is paid or prepaid.
Appears in 1 contract
Samples: Loan Agreement (Ilex Oncology Inc)
Basis of Computation. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days, including the date a Loan is made and excluding the date a Loan or any portion thereof is paid or prepaid. Any change in the interest rate on a Loan shall become effective on the opening of business on the day on which such change becomes effective.
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