Common use of Interest and Payment Clause in Contracts

Interest and Payment. 1.1 Interest shall be computed on the basis of the actual number of days elapsed in the period during which interest accrues and a year of 365 days.

Appears in 3 contracts

Samples: Subscription Agreement (Boomerang Systems, Inc.), Boomerang Systems, Inc., Boomerang Systems, Inc.

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Interest and Payment. 1.1 Interest shall be computed on the basis of the actual number of days elapsed in the period during which interest accrues and a year of 365 days.

Appears in 1 contract

Samples: Subscription Agreement (Boomerang Systems, Inc.)

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