Common use of Interest Calculation Method Clause in Contracts

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. 7. Prepayment;

Interest Calculation Method. Interest on this Note is computed on a 365/360 basis; that is, is by applying the ratio of the interest rate Interest Rate over a year of 360 days, 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. 7. Prepayment;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 (without the obligation to pay the additional days of accrued interest).

Interest Calculation Method. Interest on this Note is the Notes shall be 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 the Notes shall be computed using this method. 7. Prepayment;This calculation method results in a higher effective interest rate than the numeric interest rate stated herein.

Interest Calculation Method. Interest on this Note is computed on a 365/360 basis; that is, is by applying the ratio of the interest rate Interest Rate over a year of 360 days, 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. 7. Prepayment;If any payment to be made by the Borrowers hereunder shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day (without the obligation to pay the additional days of accrued interest).

Interest Calculation Method. Interest on this Note is computed on a 365/360 basis; that is, is by applying the ratio of the interest rate Interest Rate over a year of 360 days, 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. 7. Prepayment;If any payment to be made by the

Interest Calculation Method. Interest on this Note is computed on a 365/360 basis; that is, is by applying the ratio of the interest rate Interest Rate over a year of 360 days, 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. 7. Prepayment;All

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. 7. Prepayment;; Minimum Interest Charge. In any event, even upon full