Computation of Interest and Related Fees. All computations of interest and fees under the Loan Documents shall be made on the basis of a year of three hundred sixty (360) days and calculated for actual days elapsed. The date of funding of any Term Loans shall be included in the calculation of interest while the date of payment of the Term Loans shall be excluded from the calculation of interest.
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Computation of Interest and Related Fees. All computations of interest and fees under the each Loan Documents Document shall be made calculated on the basis of a year of three hundred sixty (360) days and calculated day year for the actual number of days elapsed. The date of funding of any Term Loans a Loan and the date of repayment of a Loan (including, without limitation, the Maturity Date) shall be included in the calculation of interest; provided, however, that if a Loan is repaid on the same day that it is made, one (1) day’s interest while the date of payment of the Term Loans shall be excluded from the calculation of interestcharged.
Appears in 1 contract
Computation of Interest and Related Fees. All computations of interest and fees under the each Loan Documents Document shall be made calculated on the basis of a year of three hundred sixty (360) days and calculated day year for the actual number of days elapsed. The date of funding of any Term Loans a Loan and the date of repayment of a Loan (including, without limitation, the Maturity Date) shall be included in the calculation of interest; provided, however, that if a Loan is repaid on the same day that it is made, one (1) day's interest while the date of payment of the Term Loans shall be excluded from the calculation of interestcharged.
Appears in 1 contract
Sources: Credit and Security Agreement (Greenbrook TMS Inc.)
Computation of Interest and Related Fees. All computations of interest and fees under the each Loan Documents Document shall be made calculated on the basis of a year of three hundred sixty (360) days and calculated day year for the actual number of days elapsed. The date of funding of any Term Loans a Loan and the date of repayment of a Loan (including, without limitation, the Maturity Date) shall be included in the calculation of interest; provided, however, that if a Loan is repaid on the same day that it is made, one (1) day's interest while the date of payment of the Term Loans shall be excluded from the calculation of interest.charged.
Appears in 1 contract
Sources: Credit and Security Agreement (Greenbrook TMS Inc.)