Common use of Computation; 360-Day Year Clause in Contracts

Computation; 360-Day Year. In computing interest, the date of the making of any Term Advance shall be included and the date of payment shall be excluded; provided, however, that if any Term Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Term Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Computation; 360-Day Year. In computing interest, the date of the making of any the Term Advance shall be included and the date of payment shall be excluded; provided, however, that if any the Term Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such the Term Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Computation; 360-Day Year. In computing interest, the date of the making of any Term Advance shall be included and the date of payment shall be excluded; provided, however, that if any Term Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Term Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Computation; 360-Day Year. In computing interestinterest for Advances, the date of the making of any Term Advance is funded shall be included and the date of payment shall be excluded; provided, however, that if any Term Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Term Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.