Common use of Interest Act Clause in Contracts

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) day year or any other period of time less than a calendar year) are equivalent to the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) or such other period of time, respectively.

Appears in 5 contracts

Sources: Revolving Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in any Credit Agreement and in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, applicable to be computed on the basis of a three hundred sixty (360) 365 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 365 or such other period of time, respectively.

Appears in 4 contracts

Sources: Canadian Security Agreement (Nortel Networks Corp), Foreign Pledge Agreement (Nortel Networks LTD), Canadian Guarantee and Security Agreement (Nortel Networks LTD)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) 360 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or such other period of time, respectively.

Appears in 3 contracts

Sources: Credit Agreement (Exopack Holding Corp), Credit Agreement (Exopack Holding Corp), Credit Agreement (Exopack Holding Corp)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) day year 360 days or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or such other period of time, respectively.

Appears in 3 contracts

Sources: Senior Secured Super Priority Debtor in Possession Credit Agreement (Tailored Brands Inc), Credit Agreement (Tailored Brands Inc), Credit Agreement (Mens Wearhouse Inc)

Interest Act. (Canada). For the purposes of disclosure pursuant to under the Interest Act (Canada), if and to the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as extent applicable, whenever interest is to be computed paid hereunder and such interest is to be calculated on the basis of a three hundred sixty (360) day year or any other period of time less than a calendar year) are , the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent to is the rates rate so determined multiplied by the actual number of days in the applicable calendar year in which the same is to be ascertained and divided by three hundred sixty (360) or the number of days in such other period of time, respectivelyperiod.

Appears in 1 contract

Sources: Credit Agreement (Credit Acceptance Corporation)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or and therein, as applicable, to be computed on the basis of a year having three hundred sixty (360) day year days or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) or such other period of time, respectively.

Appears in 1 contract

Sources: Credit Agreement (Cooper Companies Inc)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided for in this Agreement and the other Loan Credit Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) 360 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined provided for multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or the actual number of days in such other period of time, respectively.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents Note (and stated herein or therein, as applicable, applicable to be computed on the basis of a three hundred sixty (360) 365 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 365 or such other period of time, respectively.

Appears in 1 contract

Sources: Secured Term Note (Altair International Inc)