Computation; 360-Day Year. In computing interest, the date of the making of any Term Loans shall be included and the date of payment shall be excluded; provided, however, that if any Term Loans are repaid on the same day on which it is made, such day shall be included in computing interest on such Term Loans. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan and Security Agreement (Novelion Therapeutics Inc.), Loan and Security Agreement (Novelion Therapeutics Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)
Computation; 360-Day Year. In computing interestinterest for the Term Loan, the date of the making of any Term Loans Funding Date shall be included and the date of payment shall be excluded; provided, however, that if any portion of the Term Loans are Loan is repaid on the same day on which it is made, such day shall be included in computing interest on such portion of the Term LoansLoan. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Airgain Inc)
Computation; 360-Day Year. In computing interestinterest with respect to the Term Loan, the date of the making of any the Term Loans Loan shall be included and the date of payment shall be excluded; provided, however, that if any the Term Loans are Loan is repaid on the same day on which it is made, such day shall be included in computing interest on such the Term LoansLoan. Interest with respect to the Term Loans shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Computation; 360-Day Year. In computing interest, the date of the making of any the Term Loans shall be included and the date of payment shall be excluded; provided, however, that if any Term Loans are repaid on the same day on which it is made, made such day shall be included in computing interest on such Term Loansthereon. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Novelion Therapeutics Inc.)
Computation; 360-Day Year. In computing interestinterest for the Term Loan, the date of the making of any Term Loans Funding Date shall be included and the date of payment shall be excluded; provided, however, that if any the Term Loans are Loan is repaid on the same day on which it is made, such day shall be included in computing interest on such Term LoansLoan. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Computation; 360-Day Year. In computing interest, the date of the making of any the Term Loans Loan shall be included and the date of payment shall be excluded; provided, however, that if any the Term Loans are Loan is repaid on the same day on which it is made, such day shall be included in computing interest on such Term Loansthereon. Interest on the Term Loan and all fees payable hereunder shall be computed on the basis of a 360-day year for the actual number of days elapsed.
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