Common use of Computations of Interest Clause in Contracts

Computations of Interest. (1) All computations of interest shall be made by the Lender taking into account the actual number of days occurring in the period for which such interest is payable, on the basis of a year of 365 days.

Appears in 6 contracts

Samples: Loan Agreement (Gilla Inc.), Loan Agreement (Gilla Inc.), Loan Agreement (Gilla Inc.)

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Computations of Interest. (1) All computations of interest shall be made by the Lender Agent taking into account the actual ‎actual number of days occurring in the period for which such interest is payable, payable and on the basis of ‎of a year of 365 days.days.‎

Appears in 2 contracts

Samples: Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Acreage Holdings, Inc.)

Computations of Interest. (1) All computations of interest shall be made by the Lender Agent taking into account the actual number of days occurring in the period for which such interest is payable, payable and on the basis of a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Acreage Holdings, Inc.)

Computations of Interest. (1a) All computations of interest Interest shall be made by the Lender taking into account the actual number of days occurring in the period for which such interest Interest is payablepayable pursuant to Section 3.3, on the basis of and a year of 365 days or 366 days, as the case may be, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives rise to the principle of deemed re-investment of interest.

Appears in 1 contract

Samples: Credit Agreement (Algoma Steel Group Inc.)

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Computations of Interest. (1a) All computations of interest hereunder shall be made by on the Lender taking into account basis of the actual number of days occurring in the period for which such interest is payable, on the basis of elapsed over a year of 365 360 days.

Appears in 1 contract

Samples: Credit Agreement (Spectra Energy Partners, LP)

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