Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each LIBOR 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.
Appears in 2 contracts
Samples: Credit Agreement (Allied Nevada Gold Corp.), Credit Agreement (Allied Nevada Gold Corp.)
Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each LIBOR Loan and on overdue interest thereon shall accrue from day to day from and including the date on which credit is obtained by way of such Loan or on which such overdue interest is due, as the case may be, to but excluding the date on which such Loan or overdue interest, as the case may be, 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.
Appears in 1 contract
Samples: Agreement (Primero Mining Corp)
Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each LIBOR Loan shall and on the amount of overdue interest thereon from time to time will 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 default or judgment) and shall will be calculated on the basis of the actual number of days elapsed divided by 360the actual number of days in the year in the case of a Base Rate Loan or divided by 360 in the case of a LIBOR Loan.
Appears in 1 contract
Samples: Credit Agreement (Brookfield Property Partners L.P.)
