Common use of Calculation and Payment of Interest Clause in Contracts

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

Appears in 5 contracts

Samples: Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Yamana Gold Inc)

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Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (New Gold Inc. /FI), Credit Agreement (New Gold Inc. /FI), Credit Agreement (New Gold Inc. /FI)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be365.

Appears in 3 contracts

Samples: Credit Agreement (Lundin Mining CORP), Credit Agreement (Yamana Gold Inc), Credit Agreement (4352351 Canada Inc.)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be365.

Appears in 2 contracts

Samples: Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Sandstorm Gold LTD)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as 366 in the case may beof a leap year, with respect to Prime Rate Loans, and 360, with respect to Base Rate Canada Loans.

Appears in 1 contract

Samples: Credit Agreement (Novagold Resources Inc)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan and on the amount of overdue interest thereon from time to time shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the actual number of days in the year in the case may beof a Prime Rate Loan or Base Rate Canada Loan or divided by 360 in the case of a LIBO Loan.

Appears in 1 contract

Samples: Credit Agreement (Ceridian Corp)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date Third Amended and Restated Credit Agreement 286042.00038/115243826.6 on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

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Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but Credit Agreement excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 360, 365 or 366, as the case may beapplicable.

Appears in 1 contract

Samples: Credit Agreement (Sandstorm Gold LTD)

Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.. Second Amended and Restated Credit Agreement - RT

Appears in 1 contract

Samples: Credit Agreement (Wheaton Precious Metals Corp.)

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