Common use of Interest Calculation Clause in Contracts

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 126 contracts

Samples: Credit Agreement, Loan Agreement (Pebblebrook Hotel Trust), Loan Agreement (Mechanical Technology Inc)

AutoNDA by SimpleDocs

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

Appears in 17 contracts

Samples: Loan Agreement (HireQuest, Inc.), Loan Agreement (Thorne Healthtech, Inc.), Loan Agreement (R F Industries LTD)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which that are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 5 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 4 contracts

Samples: Loan Agreement (Xeta Technologies Inc), Loan Agreement (Clean Energy Fuels Corp.), Loan Agreement (KVH Industries Inc \De\)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. , This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This method results in more interest or a higher fee than if a 365-day year is were used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Hooker Furniture Corp), Loan Agreement (Hooker Furniture Corp)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. used Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 2 contracts

Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (American Restaurant Concepts Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This calculation results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest Interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal Principal which are is not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Business Loan Agreement (McGrath Rentcorp)

Interest Calculation. Except as otherwise stated in this Agreement, all All interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

Appears in 1 contract

Samples: Uncommitted Loan Agreement (Middlesex Water Co)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This method results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (Hooker Furniture Corp)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. 4.5

Appears in 1 contract

Samples: Real Estate Loan Agreement

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. Ref# 0000000000 — MCA Enterprises Xxxxxxx Inc. Bridge Loan Agreement

Appears in 1 contract

Samples: Bridge Loan Agreement (Diversified Restaurant Holdings, Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal Principal amounts which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

Interest Calculation. Except as otherwise stated in this -------------------- Agreement, all interest and fees, if H any, will be computed Computed on the basis of a 360-360- day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day Monday year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Business Loan Agreement (Prolong International Corp)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, fees if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Modification Agreement (Zumiez Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all All interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. 4.6

Appears in 1 contract

Samples: Bridge Loan Agreement (Coast Casinos Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-360 - day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-365 - day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 8.

Appears in 1 contract

Samples: Loan Agreement (BurgerFi International, Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 365-day year and the actual number of days elapsed, provided that computation of interest and fees on all Offshore Rate portions shall be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments Instalments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Agreement (Amplicon Inc)

AutoNDA by SimpleDocs

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement

Appears in 1 contract

Samples: Loan Agreement (HF Foods Group Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will payable under this Agreement shall be computed on the basis of a 360-360 day year and the actual number of days elapsed. This , which results in more interest or a higher larger fee than if a 365-365 day year is were used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Credit Agreement (Gt Bicycles Inc)

Interest Calculation. Except as otherwise stated in this Loan Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Loan Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (Immunomedics Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall will continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (Super Micro Computer, Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360365-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which that are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsedelapsed or, in the case of interest in respect of Portions denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Loan Agreement (K Swiss Inc)

Interest Calculation. Except as otherwise stated in this AgreementAgreement or the Note, all interest and fees, if any, will be computed on the basis of a 360365-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal principal, which are not paid when due under this Agreement Agreement, shall continue to bear interest until paid.

Appears in 1 contract

Samples: Revolving Credit Agreement (Puradyn Filter Technologies Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 6.8

Appears in 1 contract

Samples: Credit Agreement Between Tejon Ranchcorp (Tejon Ranch Co)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a three hundred sixty (360-) day year and the actual number of days elapsed. This results in more interest or a higher fee than if a three hundred sixty-five (365-) day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Credit Agreement (Cash Systems Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. 5.6.

Appears in 1 contract

Samples: Business Loan Agreement (Winter Sports Inc /New)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid. As used in this paragraph, “principal” shall not include undrawn amounts under a Letter of Credit.

Appears in 1 contract

Samples: Loan Agreement (Gse Systems Inc)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 4.8

Appears in 1 contract

Samples: Active 696074304v9 Loan Agreement (Lifevantage Corp)

Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest -------------------------------------------------------------------------------- -6- or a higher fee than if a 365-day year is used. Installments Instalments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

Appears in 1 contract

Samples: Business Loan Agreement (Arterial Vascular Engineering Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.