{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lIa9z0xQZxQ", "uri": "/contracts/lIa9z0xQZxQ#computations", "label": "Revolving Credit Agreement (Excel Realty Trust Inc)", "score": 18.0, "published": true}, {"hash": "kASbsEPZE5l", "uri": "/contracts/kASbsEPZE5l#computations", "label": "Bridge Loan Agreement (Windrose Medical Properties Trust)", "score": 18.0, "published": true}, {"hash": "jM8CQeVqpOK", "uri": "/contracts/jM8CQeVqpOK#computations", "label": "Bridge Loan Agreement (Ramco Gershenson Properties Trust)", "score": 18.0, "published": true}], "snippet": "All computations of interest on the Loans and of other fees to the extent applicable shall be based on a 360-day year and paid for the actual number of days elapsed. 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applicable shall be based on a 360-day year (or a 365 or 366 day year, as applicable, in the case of Base Rate Loans) and paid for the actual number of days elapsed. Except as otherwise provided in the definition of the term \u201cInterest Period\u201d with respect to LIBOR Rate Loans, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and interest shall accrue during such extension. The Outstanding Loans and Letter of Credit Liabilities as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount absent manifest error.", "size": 58, "snippet_links": [{"key": "interest-on-the-loans", "type": "clause", "offset": [20, 41]}, {"key": "other-fees", "type": "definition", "offset": [49, 59]}, {"key": "to-the-extent", "type": "clause", "offset": [60, 73]}, {"key": "based-on", "type": "definition", "offset": [94, 102]}, {"key": "in-the-case", "type": "clause", "offset": [160, 171]}, {"key": "base-rate-loans", "type": "clause", "offset": [175, 190]}, {"key": "actual-number-of-days", "type": "clause", "offset": [209, 230]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [240, 268]}, {"key": "definition-of-the-term", "type": "clause", "offset": [276, 298]}, {"key": "interest-period", "type": "definition", "offset": [300, 315]}, {"key": "with-respect-to", "type": "clause", "offset": [317, 332]}, {"key": "libor-rate-loans", "type": "definition", "offset": [333, 349]}, {"key": "other-loan-documents", "type": "definition", "offset": [400, 420]}, {"key": "a-day", "type": "definition", "offset": [436, 441]}, {"key": "not-a-business-day", "type": "clause", "offset": [450, 468]}, {"key": "due-date", "type": "definition", "offset": [474, 482]}, {"key": "and-interest", "type": "clause", "offset": [555, 567]}, {"key": "outstanding-loans", "type": "definition", "offset": [608, 625]}, {"key": "letter-of-credit-liabilities", "type": "definition", "offset": [630, 658]}, {"key": "the-records", "type": "clause", "offset": [675, 686]}, {"key": "from-time-to-time", "type": "clause", "offset": [700, 717]}, {"key": "evidence-of", "type": "definition", "offset": [750, 761]}, {"key": "manifest-error", "type": "definition", "offset": [781, 795]}], "hash": "381c0f19a89da37c82d59b726e9bd10a", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVjb21wdXRhdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["certain-general-provisions", "Certain General Provisions"], ["payments-and-computations", "Payments and Computations"], ["payments-fees-and-other-general-provisions", "Payments Fees and Other General Provisions"], ["miscellaneous", "Miscellaneous"], ["payments-pro-rata-treatment-computations-etc", "Payments Pro Rata Treatment Computations Etc"]], "title": "Computations", "size": 4988, "children": [["", ""], ["conditions-precedent-to-funding", "Conditions Precedent to Funding"], ["interest-act-canada", "Interest Act (Canada)"], ["conclusive-determinations", "Conclusive Determinations"], ["basis", "Basis"]], "id": "computations", "related": [["calculations-computations", "Calculations; Computations", "Calculations; <strong>Computations</strong>"], ["payments-and-computations", "Payments and Computations", "Payments and <strong>Computations</strong>"], ["interest-computation", "Interest Computation", "Interest Computation"], ["computation-of-interest-and-fees", "Computation of Interest and Fees", "Computation of Interest and Fees"], ["computation-of-overtime", "Computation of Overtime", "Computation of Overtime"]], "related_snippets": [], "updated": "2026-05-03T06:08:52+00:00", "also_ask": ["What key elements must be included in a 'Computations' clause to ensure clarity and enforceability?", "How can parties strategically negotiate the methods and standards for financial computations?", "What are the most common risks or ambiguities that lead to disputes over computation clauses?", "How do courts typically interpret and enforce computation provisions in contracts?", "How do computation clauses in this jurisdiction compare to those in other major legal systems?"], "drafting_tip": "Specify calculation methods, define key terms, and state responsible parties to ensure accuracy, clarity, and accountability in computations.", "explanation": "The Computations clause defines how financial or quantitative calculations are to be performed under the agreement. It typically specifies the methods, formulas, or standards to be used when determining amounts such as payments, interest, damages, or adjustments. For example, it may require that all calculations be made using a specific currency, rounding convention, or reference rate. This clause ensures consistency and transparency in how figures are derived, reducing the risk of disputes over calculation methods and outcomes."}, "json": true, "cursor": ""}}