Interest Act Disclosure. For the purposes of the Interest Act (Canada) and disclosure under such act, whenever interest to be paid under this Agreement is to be calculated on the basis of a year of 365 days or 360 days or any other period of time that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by either 365, 360 or such other period of time, as the case may be.
Interest Act Disclosure. Whenever interest is computed on the basis of a year (the “deemed year”) which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.
Interest Act Disclosure. The annual rates of interest to which the rates calculated in accordance with this Agreement are equivalent, are the rates so calculated multiplied by the actual number of days in the calendar year and divided by 365.
Interest Act Disclosure. Whenever a rate of interest hereunder is calculated on the basis of a year (the "DEEMED YEAR") which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.
Interest Act Disclosure. For purposes of the Interest Act (Canada), (i) whenever any interest or fee under the Notes or the Indenture is calculated using a rate based on a year of 360 days, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and (z) divided by 360, (ii) the principal of deemed reinvestment of interest does not apply to any interest calculation under the Notes or the Indenture, and (iii) the rates of interest stipulated in the Notes are intended to be nominal rates and not effective rates or yields. The Issuer will furnish to any Holder of a Note upon written request and without charge a copy of the Indenture. Requests may be made to: Williams Scotsman, Inc., 8211 Town Center Drive, Baltimore, Maryland 20000. ASSIGNMENT FORM If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: I or we assign and transfer this Note to: __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ (Print or type name, address and zip code and social security or tax ID number of assignee) and irrevocably appoint ___________________ , agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him.
Interest Act Disclosure. For purposes of the Interest Act (Canada), (i) whenever any interest or fee under the Notes or the Indenture is calculated using a rate based on a year of 360 days, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and (z) divided by 360, (ii) the principal of deemed reinvestment of interest does not apply to any interest calculation under the Notes or the Indenture, and (iii) the rates of interest stipulated in the Notes are intended to be nominal rates and not effective rates or yields. The Issuer will furnish to any Holder of a Note upon written request and without charge a copy of the Indenture. Requests may be made to: Xxxxxxxx Scotsman, Inc., 8200 Xxxx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000. ASSIGNMENT FORM If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: I or we assign and transfer this Note to: (Print or type name, address and zip code and social security or tax ID number of assignee) and irrevocably appoint , agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. Dated: Signed: (Sign exactly as your name appears on the other side of this Note) Signature Guarantee: Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements on and after October 26, 1992 will include membership or participation in STAMP or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. In connection with any transfer of this Note occurring prior to the date which is the earlier of (i) the date of the declaration by the Commission of the effectiveness of a registration statement under the Securities Act of 1933, as amended (the “Securities Act”) covering resales of this Note (which effectiveness shall not have been suspended or terminated at the date of the transfer) and (ii) [ ], the undersigned confirms that it has not utilized any general solicitation or general advertising in connection with the transfer: [Check One]
Interest Act Disclosure. For the sole purpose of disclosure pursuant to the Interest Act (Canada), the yearly rate of interest to which any rate of interest payable under this Indenture or any of the Notes that is calculated on any basis other than a full calendar year is equivalent may be determined by multiplying such rate by a fraction the numerator of which is the actual number of days in the calendar year in which such yearly rate of interest is to be ascertained and the denominator of which is the number of days comprising such other basis, and the rates of interest stipulated in this Indenture or in any of the Notes are intended to be nominal rates and not effective rates or yields.
Interest Act Disclosure. For purposes of the Interest Act (Canada), (i) whenever any interest or fee under this Agreement or any Note is calculated using a rate based on a year of 360 days, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and (z) divided by 360, (ii) the principle of deemed reinvestment of interest does not apply to any interest or fee calculation under this Agreement and any Note, and (iii) the rates of interest stipulated in this Agreement and any Note are intended to be nominal rates and not effective rates or yields.
Interest Act Disclosure. 46 10.5 Assignment............................................................................ 46 10.6 Enurement............................................................................. 46 10.7 Amendment............................................................................. 46 10.8
Interest Act Disclosure. For the purposes of the Interest Act (Canada), where in this Agreement a yearly rate or percentage of interest or a fee is calculated on the basis of a year of 360 or 365 days, the yearly rate or percentage of interest to which such rate or fee is equivalent is the said rate or fee multiplied by the actual number of days in the year for which such calculation is made and divided 360 or 365, as the case may be. The rates of interest and Applicable Rates specified in this Agreement are nominal rates and not effective rates or yields and the parties hereto acknowledge that there is a material distinction between the nominal and effective rates of interest, that they are capable of making the calculations necessary to compare such rates and that the principle of deemed reinvestment of interest shall not apply to any calculations of interest hereunder.
