Common use of Basis of Computation Clause in Contracts

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.

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."

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.

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.

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.

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.