Interest Calculation Method. Interest on this Note is computed on a 365/360 basis; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this Note is computed using this method.
Interest Calculation Method. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed in any portion of a month in which interest is due. If any payment to be made by the Borrower hereunder shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.
Interest Calculation Method. Interest is calculated daily on the basis of a 360-day year with 12 months each of which is 30 days (or 30/360) long, regardless if a month has more or less than 30 days. This Note shall bear interest on any overdue installment of principal and, to the extent permitted by applicable law, on any overdue installment of interest, at the interest rate stated and as calculated above.
Interest Calculation Method. The interest rate on this Note shall equal the “Lender’s Cost of Funds,” which shall mean a daily rate equal to the “Prime Rate” of interest published in The Wall Street Journal from time to time, plus three percent. If more than one “Prime Rate” is published in The Wall Street Journal for a day, the average of such “Prime Rates” shall be used, and such average shall be rounded up to the nearest 1/100th of one percent (0.01%).
Interest Calculation Method. Interest and any other payments under this Clause of an annual nature shall accrue from day to day and be calculated on the basis of the actual number of days elapsed and a year of three hundred sixty (360) days.
Interest Calculation Method. Con- sistent with § 205.13, a Treasury-State Agreement must indicate the method a State will use to calculate and docu- ment interest liabilities pursuant to this subpart.
Interest Calculation Method. Interest on the Loan is computed on a 365/360 basis; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. This calculation method results in a higher effective interest rate than the numeric interest rate stated in the Confirmed Loan Terms letter. All interest under the Loan is computed using this method.
Interest Calculation Method. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed in any portion of a month in which interest is due. If any payment to be made by the Borrower hereunder shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day. REVOLVING CREDIT NOTE U.S. $10,000,000.00 December 21, 2017 Prepayment; Minimum Interest Charge. In any event, even upon full prepayment of this Note, Xxxxxxxx understands that Lender is entitled to a minimum interest charge of $10.00. Other than Borrower’s obligations to pay any minimum interest charge, Borrower may pay without penalty all or a portion of the amount earlier than it is due. Early payments will not, unless agreed to by Xxxxxx in writing, relieve Xxxxxxxx of Xxxxxxxx’s obligation to continue to make payments of accrued unpaid interest. Rather, early payment will reduce the principal balance due. Xxxxxxxx agrees not to send Lender payments marked “paid in full”, “without recourse”, or similar language. If Borrower sends such a payment, Xxxxxx may accept it without losing any of Xxxxxx’s rights under this Note, and Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including any check or other payment instrument that indicates that the payment constitutes “payment in full” of the amount owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: Minnesota Bank & Trust, 0000 Xxxxxx Xxxxxx Xxxxx, Xxxxx, XX 00000.
Interest Calculation Method. Interest on this loan is computed on a 365/360 basis; that is. by applying the ratio of the interest rate over a year of 360 days. multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this method.
Interest Calculation Method. Interest Rates are calculated as follows: (1) the current yield of the investment portfolio is determined; (2) any difference between the Book Value of the assets and the Book Value of the liabilities is calculated and the difference is amortized over the expected remaining life of the assets in the Stable Asset Fund, unless otherwise agreed to by the Company and the Group Contractholder; (3) fees are deducted. The resulting rate is guaranteed and applied to all Participant Annuity Accounts for the following quarter.
