Common use of Day Counts Clause in Contracts

Day Counts. Interest on Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-day year for the actual number of days elapsed.

Appears in 2 contracts

Sources: Credit Agreement (Miravant Medical Technologies), Credit Agreement (Miravant Medical Technologies)

Day Counts. Interest on Loans shall be calculated on the basis of (a) a 365- or, if applicable, a 366-366- day year for the actual number of days elapsed.

Appears in 1 contract

Sources: Credit Agreement (Pharmacia & Upjohn Inc)