Common use of Computation of Interest Clause in Contracts

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsed.

Appears in 6 contracts

Sources: Senior Secured Note Indenture (SLM International Inc /De), Collateralized Note Indenture (Huntway Partners L P), Junior Subordinated Debenture Indenture (Huntway Partners L P)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months, provided, however, that Special Interest on Original Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 6 contracts

Sources: Indenture (RSL Communications LTD), Indenture (RSL Communications LTD), Indenture (RSL Communications LTD)

Computation of Interest. Interest (including any Contingent Interest) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 6 contracts

Sources: Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc)

Computation of Interest. Interest (including Additional Interest and Special Interest) on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 6 contracts

Sources: Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve (12) 30-day months and the actual number of days which have elapsedmonths.

Appears in 5 contracts

Sources: Indenture (AV Homes, Inc.), Indenture (Avatar Holdings Inc), Indenture (Epicept Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and and, for any partial period, on the actual basis of the number of days which have elapsedelapsed in a 360-day year of twelve 30-day months.

Appears in 5 contracts

Sources: Senior Subordinated Indenture (Fresenius National Medical Care Holdings Inc), Senior Subordinated Indenture (Fresenius National Medical Care Holdings Inc), Senior Subordinated Indenture (Fresenius Medical Care Corp)

Computation of Interest. Interest Except as otherwise provided in or pursuant to this Indenture, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 5 contracts

Sources: Indenture (BBVA International Preferred, S.A. Unipersonal), Indenture (Bbva Subordinated Capital, S.A. Unipersonal), Indenture (BBVA International Preferred, S.A. Unipersonal)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 4 contracts

Sources: Indenture (Nebraska Book Co), Indenture (Nebraska Book Co), Indenture (NBC Acquisition Corp)

Computation of Interest. Interest Unless otherwise provided in a Board Resolution or supplemental indenture for any series of Securities, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the actual Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the number of days which have elapsedelapsed in any partial month.

Appears in 3 contracts

Sources: Indenture (Hallmark Financial Services Inc), Indenture (WSFS Financial Corp), Indenture (WSFS Financial Corp)

Computation of Interest. Interest Unless otherwise set forth in a Board Resolution or Supplemental Indenture, interest on the Securities shall will be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 3 contracts

Sources: Indenture (Meritage Homes of North Carolina, Inc.), Indenture (Mobile Mini Inc), Indenture (Meritage Homes of Texas Holding, Inc.)

Computation of Interest. Interest on the Securities shall will be computed on the basis of a 360-day year consisting of twelve 30-day months and months, as provided in Section 1 of the actual number of days which have elapsedSecurities.

Appears in 3 contracts

Sources: Indenture (Deluxe Corp), Indenture (Deluxe Corp), Indenture (Deluxe Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that any Special Interest on Original Securities shall be computed on the basis of a 365- or 366- day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 2 contracts

Sources: Indenture (Western Wireless Corp), Indenture (Voicestream Wireless Corp /De)

Computation of Interest. Interest on the Securities shall be computed on the semi-annual basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (New Century Financial Corp), Indenture (New Century Financial Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that Special Interest on Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 2 contracts

Sources: Indenture (Millicom International Cellular Sa), Indenture (Millicom International Cellular Sa)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and months, except that Additional Interest shall be computed on the actual number basis of days which have elapseda 365 or 366-day year, as the case may be.

Appears in 2 contracts

Sources: Indenture (Gap Inc), Indenture (Gap Inc)

Computation of Interest. Interest on the Securities shall will be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (Libbey Inc), Indenture (Libbey Inc)

Computation of Interest. Interest on the Securities (including, without limitation, any interest on overdue interest) shall be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (Advanced Energy Industries Inc), Indenture (Advanced Energy Industries Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and and, for any partial period, on the actual basis of the number of days which have elapsedelapsed in a 360-day year of twelve 30-day months. Interest on the Securities shall accrue from the last Interest Payment Date or, or if no interest has been paid, from the Issue Date.

Appears in 2 contracts

Sources: Senior Subordinated Indenture (Superior National Insurance Group Inc), Senior Subordinated Indenture (Symons International Group Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that Defaulted Interest shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 2 contracts

Sources: Indenture (Net Servicos De Comunicacao S A), Indenture (Brazilian Communitary Antennae LTD)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the actual Securities for any partial period shall be computed on the basis of a 360- day year of twelve 30-day months and the number of days which have elapsedelapsed in any partial month.

Appears in 2 contracts

Sources: Indenture (Kinder Morgan Energy Partners L P), Indenture (Kinder Morgan Energy Partners L P)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months, except that Special Interest shall be computed on the basis of a 365-day year and the actual number of days which have elapsed.

Appears in 2 contracts

Sources: Indenture (Exelon Generation Co LLC), Indenture (Allegheny Energy Supply Co LLC)

Computation of Interest. Interest on the Securities (including Additional Interest, if any) shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (Privatebancorp, Inc), Indenture (Oil States International Inc)

Computation of Interest. Interest on the Securities (including any additional interest) shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (Cuc International Inc /De/), Indenture (Uromed Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-360 day year composed of twelve 30-30 day months and the actual number of days which have elapsedmonths.

Appears in 2 contracts

Sources: Indenture (NBC Acquisition Corp), Indenture (New Nebraska Book Company, Inc.)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year consisting of twelve (12) months of thirty (30-day months and ) days each and, in the actual case of an incomplete month, the number of days which have actually elapsed.

Appears in 2 contracts

Sources: Indenture (Telefonica of Argentina Inc), Indenture (Telefonica of Argentina Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsed.months

Appears in 2 contracts

Sources: Indenture (NRG Energy Inc), Senior Debt Securities Indenture (NRG Energy Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and and, in the actual case of an incomplete month, the number of days which have elapsed.

Appears in 2 contracts

Sources: Indenture (Shire PLC), Indenture (Shire Pharmaceuticals Group PLC)

Computation of Interest. Interest (including Special Interest, if any) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Reliant Resources Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that Additional Interest on the -------- ------- Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Regency Centers Lp)

Computation of Interest. Interest Unless otherwise provided in a supplemental indenture for any series of Securities, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the actual Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the number of days which have elapsedelapsed in any partial month.

Appears in 1 contract

Sources: Indenture (WSFS Financial Corp)

Computation of Interest. Interest on the Securities (including Additional Interest and Special Interest, if any) shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Alesco Financial Inc)

Computation of Interest. Interest (including Additional Interest, if any) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Cogent Communications Group Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsed.months. 47 -40-

Appears in 1 contract

Sources: Indenture (Optel Inc)

Computation of Interest. Interest Except as otherwise provided in Section 2.1 with respect to the Securities of any series, interest on the Securities shall be computed on the basis of a 360-day three hundred and sixty (360)-day year of twelve 30-day months and the actual number of days which have elapsed(12) thirty (30)-day months.

Appears in 1 contract

Sources: Indenture (Urs Corp /New/)

Computation of Interest. Interest Except as otherwise provided in or pursuant to this Indenture or in the Securities of any Series, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the actual Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the number of days which have elapsedelapsed in any partial month.

Appears in 1 contract

Sources: Indenture (Sterling Bancorp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months, provided, however, that any Special Interest payable on Original Securities shall be computed on the basis of a 365 or 366 day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Nextlink Communications LLC)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 12 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Inter Act Systems Inc)

Computation of Interest. Interest (including any Contingent Interest and Additional Interest) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Manor Care Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and and, in the case of a partial month, the actual number of days which have elapsed.

Appears in 1 contract

Sources: Indenture (Chemical Leaman Corp /Pa/)

Computation of Interest. Interest Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto, interest on the Securities shall will be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Meritage Homes CORP)

Computation of Interest. Interest Except as otherwise provided in or pursuant to this Indenture or in the Securities of any Series, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Subordinated Debt Indenture (Allegiance Bancshares, Inc.)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months, provided, however, that Additional Interest on the Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Granite Broadcasting Corp)

Computation of Interest. Interest (including any Additional Interest but excluding Reporting Interest) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Kyphon Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and months, except that Additional Interest shall be computed on the actual number basis of days which have elapseda 365-day year. -57- SECTION 311. CUSIP NUMBERS.

Appears in 1 contract

Sources: Indenture (Nextlink Communications Inc /De/)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that Additional Interest on the Securities shall be computed on the basis of a 365 or 366 day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Regency Centers Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-360- day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Physicians Resource Group Inc)

Computation of Interest. Interest Unless otherwise provided in the Securities, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Convertible Subordinated Indenture (Chancellor Media Corp/)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and months; provided, however, that for any period other than a full interest period, interest will be computed on the basis of the actual number of days which have elapsedelapsed during the period and a 360-day year.

Appears in 1 contract

Sources: Indenture (Delta Petroleum Corp/Co)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; -66- PROVIDED, HOWEVER, that Additional Interest on Rule 144A Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Commonwealth Aluminum Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months provided, however, that any interest on overdue principal of (and premium, if any) and interest on any Securities, shall be computed on the basis of a 365-day or 366-day year, as the case may be, and the actual number of days which have elapsedactually elapsed during the period of default in the payment of such overdue principal (and premium, if any) or interest.

Appears in 1 contract

Sources: Fiscal Agency Agreement (Principal Financial Group Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that Additional Interest on Rule 144A Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Granite Broadcasting Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsed.months. 72

Appears in 1 contract

Sources: Indenture (Colortyme Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days which have elapsed.months. NYDOCS01/566567 3

Appears in 1 contract

Sources: Indenture (Qwest Communications International Inc)

Computation of Interest. Interest (including Contingent Interest and Additional Interest, if any) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Goodrich Petroleum Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and months. Accrual of Original Issue Discount shall be calculated on the actual number basis of days which have elapseda 360-day year of twelve 30-day months, compounded semi-annually.

Appears in 1 contract

Sources: Indenture (Veritas Software Corp)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-30 day months and and, in the actual case of an incomplete month, the number of days which have elapsed.

Appears in 1 contract

Sources: Indenture (Drdgold LTD)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months; provided, however, that any Special Interest on Original Securities shall be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Western Wireless Corp)

Computation of Interest. Interest on the Securities (including any Additional Interest) shall be computed on the basis of a 360-day year of twelve 30-day months and and, in the case of an incomplete month, the actual number of days which have elapsed.

Appears in 1 contract

Sources: Indenture (Collegiate Pacific Inc)

Computation of Interest. Interest Except as otherwise provided in or pursuant to this Indenture or in the Securities of any series, interest on the Securities shall be computed on the basis of a 360-day 360‑day year of twelve 30-day months and the actual number of days which have elapsed30‑day months.

Appears in 1 contract

Sources: Indenture (CBL & Associates Limited Partnership)

Computation of Interest. Interest on Whenever it is necessary to compute any amount of interest in respect of the Securities for a period of less than a full year, such interest shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Royal Caribbean Cruises LTD)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day 360_day year of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Indenture (Vintage Petroleum Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day 360‑day year comprised of twelve 30-day months and the actual number of days which have elapsed30‑day months.

Appears in 1 contract

Sources: Indenture (NorthStar Realty Europe Corp.)

Computation of Interest. Interest (including any Additional Interest) on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months and months; provided, however, that for any period other than a full interest period, interest will be computed on the basis of the actual number of days which have elapsedelapsed during the period and a 365-day year.

Appears in 1 contract

Sources: Indenture (Calgon Carbon Corporation)

Computation of Interest. Interest (including Special Interest) on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days which have elapsedmonths.

Appears in 1 contract

Sources: Exhibit (Steel Dynamics Inc)

Computation of Interest. Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months months, provided, however, that Special Interest on Original Securities shall -61- be computed on the basis of a 365- or 366-day year, as the case may be, and the actual number of days which have actually elapsed.

Appears in 1 contract

Sources: Indenture (Brooks Fiber Properties Inc)