Common use of Calculations and Evidence of Debt Clause in Contracts

Calculations and Evidence of Debt. 32.1 Interest and Commitment Fee shall accrue from day to day and shall be calculated on the basis of a year of 365 days or (in the case of interest payable on an amount denominated in an Optional Currency) 360 days and the actual number of days elapsed.

Calculations and Evidence of Debt. 32.1 Interest and Commitment Fee shall accrue from day to day and shall be calculated on the basis of a year of 365 360 days or (in the case of interest payable on an amount denominated in an Optional Currencysterling) 360 365 days and the actual number of days elapsed.