Common use of Calculation Clause in Contracts

Calculation. Interest will be computed on the basis of a year of 360 days and paid for the actual number of days elapsed.

Appears in 23 contracts

Samples: Possession Loan and Security Agreement, Loan Agreement (MVC Capital, Inc.), Revolving Credit Loan Agreement (Hersha Hospitality Trust)

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Calculation. Interest will be computed on the basis of a year of 360 365/366 days and paid for the actual number of days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Uti Energy Corp), Loan and Security Agreement (Uti Energy Corp), Loan and Security Agreement (Uti Energy Corp)

Calculation. Interest will be computed on the basis of a year of 360 365 days and paid for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (MRC Group), Loan and Security Agreement (MRC Group)

Calculation. Interest will be computed on the basis of a year of ----------- 360 days and paid for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Hersha Hospitality Trust)

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Calculation. Interest will be computed on the basis of a year of 360 days --- ----------- and paid for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Specialty Products & Insulation Co)

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