Common use of Computation of Interest Clause in Contracts

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 26 contracts

Samples: Indenture (Pinnacle West Capital Corp), Indenture (Maverick Tube Corporation), Subordinated Indenture (National City Corp)

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Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 20 contracts

Samples: Senior Indenture (San Diego Gas & Electric Co), Indenture (Owens Corning), Indenture (Talk America)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERSmonths and for any period shorter than a full month, on the basis of the actual number of days elapsed in such period.

Appears in 17 contracts

Samples: Indenture (Atlantic City Electric Co), Indenture (Allete Capital Iii), Indenture (Texas Utilities Electric Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION Section 311. CUSIP NUMBERSNumbers.

Appears in 10 contracts

Samples: Indenture (Psi Energy Inc), Trust Agreement (Usf&g Corp), Impac Mortgage Holdings Inc

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, or Tranche thereof, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERS, and with respect to any period less than a full calendar month, on the basis of the actual number of days elapsed during such period.

Appears in 9 contracts

Samples: Subordinated Indenture (Southwestern Electric Power Co), Pp&l Capital Funding Inc, Aep Capital Trust Iii

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, or any Tranche thereof, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERSmonths and on the basis of the actual number of days elapsed within any month in relation to the deemed 30 days of such month.

Appears in 8 contracts

Samples: Indenture (Ies Utilities Inc), Indenture (Union Electric Co), Indenture (Carolina Power & Light Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION Section 311. CUSIP NUMBERS.

Appears in 3 contracts

Samples: Maverick Tube Corporation, Allegheny Energy Inc, Platinum Underwriters Holdings LTD

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 42 Section 311. CUSIP NUMBERS.

Appears in 2 contracts

Samples: Eg&g Inc, Eg&g Inc

Computation of Interest. Except as otherwise specified as contemplated by Section 301 2.2 or Section 3.1, as the case may be, for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 2 contracts

Samples: Apex Silver Mines LTD, Apex Silver Mines LTD

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311. CUSIP NUMBERS.Numbers

Appears in 1 contract

Samples: Indenture (Staples Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION -36- Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 1 contract

Samples: Unova Inc

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for with respect to Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. 311 CUSIP NUMBERS.

Appears in 1 contract

Samples: Indenture (Pan Pacific Retail Properties Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 40 Section 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Eg&g Inc

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for with respect to Securities of any series, interest interest, if any, on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERS.37

Appears in 1 contract

Samples: Avnet Inc

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Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION Section 311. CUSIP NUMBERS.Numbers. --------------

Appears in 1 contract

Samples: Owens Corning

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of compressing twelve 30-day months. SECTION 311. CUSIP NUMBERSNumbers.

Appears in 1 contract

Samples: Pennzoil Quaker State Co

Computation of Interest. Except as otherwise specified as contemplated by in Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Foster Wheeler Corp

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION Section 311. CUSIP NUMBERS.. The Company in issuing the Securities may use "CUSIP" numbers (if then generally in use), and if so, the Trustee shall use "CUSIP" numbers in notices of redemption as a

Appears in 1 contract

Samples: National City Corp

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve (12) 30-day months. SECTION Section 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Maverick Tube Corporation

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION - 26 - Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 1 contract

Samples: Potomac Electric Power (Potomac Electric Power Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of comprising twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Indenture (Pilgrims Pride Corp)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series301, interest on the all Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Heritage Media Corp

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