Common use of Computation and Payment Clause in Contracts

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.

Appears in 29 contracts

Sources: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc), Credit Agreement (Linear Technology Corp /Ca/)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit NoteNotes.

Appears in 15 contracts

Sources: Credit Agreement (First Consulting Group Inc), Credit Agreement (Natrol Inc), Credit Agreement (Rotonics Manufacturing Inc/De)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Loan Note.

Appears in 2 contracts

Sources: Credit Agreement (Corixa Corp), Credit Agreement (Public Storage Properties Iv LTD)

Computation and Payment. Interest (and fees computed on a per annum basis) shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.

Appears in 2 contracts

Sources: Loan Agreement (Advanced Materials Group Inc), Loan Agreement (Titan Motorcycle Co of America Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note (the "Note").

Appears in 1 contract

Sources: Credit Agreement (Natural Wonders Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.the

Appears in 1 contract

Sources: Credit Agreement (Turbodyne Technolgies Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note, Term Note I and Term Note II (collectively, the "Notes").

Appears in 1 contract

Sources: Credit Agreement (Turbodyne Technolgies Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit NoteNote and the Term Note (collectively, the "Notes").

Appears in 1 contract

Sources: Credit Agreement (First Consulting Group Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest , and shall be payable at the times and place set forth in the Line any promissory note or other document executed by Borrower to evidence any extension of Credit Notecredit by Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Apollo Group Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsedclosed. Interest shall be payable at the times and place set forth in the Line of Credit Noteeach promissory note or other instrument required hereby.

Appears in 1 contract

Sources: Credit Agreement (Dot Hill Systems Corp)