{"component": "clause", "props": {"groups": [{"size": 246, "snippet": "Each Contract provides for the calculation of interest payable thereunder under the \u201csimple interest\u201d method.", "samples": [{"hash": "9fvaPDustSV", "uri": "/contracts/9fvaPDustSV#interest-calculation", "label": "Purchase Agreement (Exeter Automobile Receivables Trust 2026-2)", "score": 37.2436687201, "published": true}, {"hash": "1ZnffgVrRnt", "uri": "/contracts/1ZnffgVrRnt#interest-calculation", "label": "Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2026-2)", "score": 37.2436687201, "published": true}, {"hash": "gaNcK7u3mK", "uri": "/contracts/gaNcK7u3mK#interest-calculation", "label": "Purchase Agreement (Exeter Automobile Receivables Trust 2026-2)", "score": 37.2245025635, "published": true}], "snippet_links": [{"key": "interest-payable", "type": "definition", "offset": [46, 62]}, {"key": "simple-interest", "type": "clause", "offset": [85, 100]}], "hash": "cffe966830dcdcdae3197ff908ea9eb5", "id": 1}, {"size": 207, "snippet": "Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.", "samples": [{"hash": "kZFJ57XvXNk", "uri": "/contracts/kZFJ57XvXNk#interest-calculation", "label": "Junior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.)", "score": 25.1752223969, "published": true}, {"hash": "6iReXL4WCCq", "uri": "/contracts/6iReXL4WCCq#interest-calculation", "label": "Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.)", "score": 25.1752223969, "published": true}, {"hash": "1EuhQvRScYs", "uri": "/contracts/1EuhQvRScYs#interest-calculation", "label": "Loan Agreement (Ashford Hospitality Prime, Inc.)", "score": 25.1752223969, "published": true}], "snippet_links": [{"key": "interest-on-the", "type": "clause", "offset": [0, 15]}, {"key": "loan-shall", "type": "definition", "offset": [53, 63]}, {"key": "actual-number-of-days", "type": "clause", "offset": [101, 122]}, {"key": "the-period", "type": "clause", "offset": [134, 144]}, {"key": "daily-rate", "type": "definition", "offset": [194, 204]}, {"key": "based-on", "type": "definition", "offset": [205, 213]}], "hash": "61a430c627fa8c1223ba694728619c62", "id": 2}, {"size": 76, "snippet": "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.", "samples": [{"hash": "eK2Pvaov4K1", "uri": "/contracts/eK2Pvaov4K1#interest-calculation", "label": "Business Loan Agreement (Remedytemp Inc)", "score": 19.0, "published": true}, {"hash": "qyMq8a8tCU", "uri": "/contracts/qyMq8a8tCU#interest-calculation", "label": "Business Loan Agreement (Dura Pharmaceuticals Inc/Ca)", "score": 18.0, "published": true}, {"hash": "lgHIpxVLjhO", "uri": "/contracts/lgHIpxVLjhO#interest-calculation", "label": "Business Loan Agreement (Watsco Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [27, 44]}, {"key": "interest-and-fees", "type": "clause", "offset": [50, 67]}, {"key": "basis-of", "type": "clause", "offset": [101, 109]}, {"key": "actual-number-of-days", "type": "clause", "offset": [133, 154]}], "hash": "aa335c4ea8e8bee8c036c990318bfe06", "id": 8}, {"size": 200, "snippet": "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.", "samples": [{"hash": "62nQMLC8jCJ", "uri": "/contracts/62nQMLC8jCJ#interest-calculation", "label": "Loan Agreement (Royalty Pharma PLC)", "score": 36.3785095215, "published": true}, {"hash": "aCcdoWBY6nN", "uri": "/contracts/aCcdoWBY6nN#interest-calculation", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "ciAlzE0zYaU", "uri": "/contracts/ciAlzE0zYaU#interest-calculation", "label": "Real Estate Loan Agreement", "score": 30.3408622742, "published": true}], "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [27, 44]}, {"key": "interest-and-fees", "type": "clause", "offset": [50, 67]}, {"key": "basis-of", "type": "clause", "offset": [101, 109]}, {"key": "actual-number-of-days", "type": "clause", "offset": [133, 154]}, {"key": "installments-of-principal", "type": "clause", "offset": [242, 267]}], "hash": "482b3696232c1f19b6168262455dd09a", "id": 3}, {"size": 77, "snippet": "Interest on the outstanding principal balance of each Component of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by (c) the outstanding principal balance. The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Period immediately prior to such Monthly Payment Date.", "samples": [{"hash": "iyaXs9yyF6r", "uri": "/contracts/iyaXs9yyF6r#interest-calculation", "label": "Loan Agreement (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}, {"hash": "giRVkX0Y2th", "uri": "/contracts/giRVkX0Y2th#interest-calculation", "label": "Loan Agreement (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}, {"hash": "4QhHbr0evlc", "uri": "/contracts/4QhHbr0evlc#interest-calculation", "label": "Loan Agreement (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "interest-on-the", "type": "clause", "offset": [0, 15]}, {"key": "outstanding-principal-balance", "type": "definition", "offset": [16, 45]}, {"key": "loan-shall", "type": "definition", "offset": [71, 81]}, {"key": "actual-number-of-days", "type": "clause", "offset": [119, 140]}, {"key": "the-period", "type": "clause", "offset": [152, 162]}, {"key": "daily-rate", "type": "definition", "offset": [212, 222]}, {"key": "based-on", "type": "definition", "offset": [223, 231]}, {"key": "the-interest-rate", "type": "clause", "offset": [279, 296]}, {"key": "default-rate", "type": "definition", "offset": [304, 316]}, {"key": "annual-rate", "type": "clause", "offset": [354, 365]}, {"key": "divided-by", "type": "clause", "offset": [366, 376]}, {"key": "accrual-period", "type": "definition", "offset": [428, 442]}, {"key": "interest-due", "type": "definition", "offset": [459, 471]}, {"key": "monthly-payment-date", "type": "clause", "offset": [480, 500]}, {"key": "interest-period", "type": "definition", "offset": [514, 529]}, {"key": "prior-to", "type": "clause", "offset": [542, 550]}], "hash": "7ebf0b41f0634b8c8d5cd548325c89ca", "id": 7}, {"size": 119, "snippet": "Interest on the Outstanding Principal Balance shall be calculated by multiplying (A) the actual number of days elapsed in the period for which the calculation is being made by (B) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate expressed as an annual rate divided by 360) by (C) the Outstanding Principal Balance. The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Period immediately prior to such Monthly Payment Date.", "samples": [{"hash": "9IykNukzZ1t", "uri": "/contracts/9IykNukzZ1t#interest-calculation", "label": "Loan Agreement (NOVONIX LTD)", "score": 33.0164260864, "published": true}, {"hash": "1PcOFoBF2CP", "uri": "/contracts/1PcOFoBF2CP#interest-calculation", "label": "Loan Agreement (NOVONIX LTD)", "score": 32.931552887, "published": true}, {"hash": "9ufvO1cxoWt", "uri": "/contracts/9ufvO1cxoWt#interest-calculation", "label": "Loan Agreement (Medalist Diversified REIT, Inc.)", "score": 32.8576316833, "published": true}], "snippet_links": [{"key": "interest-on-the", "type": "clause", "offset": [0, 15]}, {"key": "outstanding-principal-balance", "type": "definition", "offset": [16, 45]}, {"key": "actual-number-of-days", "type": "clause", "offset": [89, 110]}, {"key": "the-period", "type": "clause", "offset": [122, 132]}, {"key": "daily-rate", "type": "definition", "offset": [182, 192]}, {"key": "based-on", "type": "definition", "offset": [193, 201]}, {"key": "the-interest-rate", "type": "clause", "offset": [249, 266]}, {"key": "annual-rate", "type": "clause", "offset": [283, 294]}, {"key": "divided-by", "type": "clause", "offset": [295, 305]}, {"key": "accrual-period", "type": "definition", "offset": [357, 371]}, {"key": "interest-due", "type": "definition", "offset": [388, 400]}, {"key": "monthly-payment-date", "type": "clause", "offset": [409, 429]}, {"key": "interest-period", "type": "definition", "offset": [443, 458]}, {"key": "prior-to", "type": "clause", "offset": [471, 479]}], "hash": "c0ab040bb98f945bda5d703e84596b3e", "id": 4}, {"size": 54, "snippet": "Interest on the outstanding principal balance of the Loan shall be calculated on the basis of a three hundred sixty (360) day year comprised of twelve (12) months of thirty (30) days each, except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on a three hundred sixty (360) day year.", "samples": [{"hash": "81HNLi5yhRZ", "uri": "/contracts/81HNLi5yhRZ#interest-calculation", "label": "Loan Agreement (Highlands REIT, Inc.)", "score": 27.2094459534, "published": true}, {"hash": "7cCI5y6vDFX", "uri": "/contracts/7cCI5y6vDFX#interest-calculation", "label": "Loan Agreement (Highlands REIT, Inc.)", "score": 27.2094459534, "published": true}, {"hash": "4C7n6GMycfb", "uri": "/contracts/4C7n6GMycfb#interest-calculation", "label": "Loan Agreement (Highlands REIT, Inc.)", "score": 27.2094459534, "published": true}], "snippet_links": [{"key": "interest-on-the", "type": "clause", "offset": [0, 15]}, {"key": "loan-shall", "type": "definition", "offset": [53, 63]}, {"key": "basis-of", "type": "clause", "offset": [85, 93]}, {"key": "comprised-of", "type": "clause", "offset": [131, 143]}, {"key": "due-and-payable", "type": "definition", "offset": [210, 225]}, {"key": "period-of", "type": "definition", "offset": [232, 241]}, {"key": "full-month", "type": "clause", "offset": [254, 264]}, {"key": "actual-number-of-days", "type": "clause", "offset": [304, 325]}, {"key": "the-period", "type": "clause", "offset": [337, 347]}, {"key": "daily-rate", "type": "definition", "offset": [393, 403]}, {"key": "based-on", "type": "definition", "offset": [404, 412]}], "hash": "1bb5254206b080f8e9d57c8f61c01dd0", "id": 9}, {"size": 115, "snippet": "Any interest pursuant to this Section 9(h) will be calculated on the basis of daily compounding and the actual number of days elapsed.", "samples": [{"hash": "dQAb9b6EXLb", "uri": "/contracts/dQAb9b6EXLb#interest-calculation", "label": "2002 Master Agreement (Efcar, LLC)", "score": 36.9644088745, "published": true}, {"hash": "5pzvYqRNA9j", "uri": "/contracts/5pzvYqRNA9j#interest-calculation", "label": "2002 Master Agreement (Verses AI Inc.)", "score": 36.9233398438, "published": true}, {"hash": "edu9Yuaxnnd", "uri": "/contracts/edu9Yuaxnnd#interest-calculation", "label": "Master Trade Agreement (Handa Lab Co., Ltd.)", "score": 36.0636558533, "published": true}], "snippet_links": [{"key": "pursuant-to", "type": "definition", "offset": [13, 24]}, {"key": "basis-of", "type": "clause", "offset": [69, 77]}, {"key": "actual-number-of-days", "type": "clause", "offset": [104, 125]}], "hash": "fe1d0d50d1068c494eacedfe9a942d1f", "id": 5}, {"size": 107, "snippet": "All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error.", "samples": [{"hash": "2sSlelyDy2x", "uri": "/contracts/2sSlelyDy2x#interest-calculation", "label": "Credit Agreement (TiVo Corp)", "score": 28.0691299438, "published": true}, {"hash": "gpQvA8iR64G", "uri": "/contracts/gpQvA8iR64G#interest-calculation", "label": "Second Lien Credit Agreement (CPI International Holding Corp.)", "score": 26.9383983612, "published": true}, {"hash": "ecFmFLhbfd1", "uri": "/contracts/ecFmFLhbfd1#interest-calculation", "label": "Credit Agreement (Hercules Offshore, Inc.)", "score": 26.8453121185, "published": true}], "snippet_links": [{"key": "basis-of", "type": "clause", "offset": [48, 56]}, {"key": "a-year", "type": "definition", "offset": [57, 63]}, {"key": "reference-to", "type": "definition", "offset": [110, 122]}, {"key": "alternate-base-rate", "type": "definition", "offset": [127, 146]}, {"key": "days-in", "type": "definition", "offset": [208, 215]}, {"key": "leap-year", "type": "clause", "offset": [218, 227]}, {"key": "each-case", "type": "definition", "offset": [237, 246]}, {"key": "actual-number-of-days", "type": "clause", "offset": [272, 293]}, {"key": "first-day", "type": "definition", "offset": [317, 326]}, {"key": "but-excluding", "type": "clause", "offset": [327, 340]}, {"key": "last-day", "type": "clause", "offset": [345, 353]}, {"key": "the-applicable", "type": "clause", "offset": [356, 370]}, {"key": "adjusted-libor-rate", "type": "clause", "offset": [394, 413]}, {"key": "the-administrative-agent", "type": "clause", "offset": [437, 461]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [462, 513]}, {"key": "such-determination", "type": "definition", "offset": [518, 536]}, {"key": "manifest-error", "type": "definition", "offset": [564, 578]}], "hash": "0a6b6a005f75710f334bbe26c2d77b48", "id": 6}, {"size": 32, "snippet": "Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by (c) the outstanding principal balance. The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Accrual Period in which the related Monthly Payment Date occurs. Borrower understands and acknowledges that such interest accrual requirement results in more interest accruing on the Loan than if either a thirty (30) day month and a three hundred sixty (360) day year or the actual number of days and a three hundred sixty-five (365) day year were used to compute the accrual of interest on the Loan.", "samples": [{"hash": "i0hjrplrhe5", "uri": "/contracts/i0hjrplrhe5#interest-calculation", "label": "Loan Agreement (Ares Real Estate Income Trust Inc.)", "score": 36.175907135, "published": true}, {"hash": "9lIArGe4Ymq", "uri": "/contracts/9lIArGe4Ymq#interest-calculation", "label": "Loan Agreement (Industrial Logistics Properties Trust)", "score": 33.1587944031, "published": true}, {"hash": "5vB3DN2ijzZ", "uri": "/contracts/5vB3DN2ijzZ#interest-calculation", "label": "Mezzanine Loan Agreement (Industrial Logistics Properties Trust)", "score": 33.1587944031, "published": true}], "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [53, 63]}, {"key": "actual-number-of-days", "type": "clause", "offset": [101, 122]}, {"key": "the-period", "type": "clause", "offset": [134, 144]}, {"key": "daily-rate", "type": "definition", "offset": [194, 204]}, {"key": "based-on", "type": "definition", "offset": [205, 213]}, {"key": "the-interest-rate", "type": "clause", "offset": [261, 278]}, {"key": "default-rate", "type": "definition", "offset": [286, 298]}, {"key": "annual-rate", "type": "clause", "offset": [336, 347]}, {"key": "divided-by", "type": "clause", "offset": [348, 358]}, {"key": "interest-due", "type": "definition", "offset": [441, 453]}, {"key": "monthly-payment-date", "type": "clause", "offset": [462, 482]}, {"key": "interest-accrual-period", "type": "clause", "offset": [496, 519]}, {"key": "interest-accruing", "type": "clause", "offset": [663, 680]}, {"key": "day-month", "type": "clause", "offset": [722, 731]}, {"key": "interest-on-the-loan", "type": "clause", "offset": [884, 904]}], "hash": "1f957829c914950b09cefeb75a3134d7", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1pbnRlcmVzdC1jYWxjdWxhdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Interest Calculation", "parents": [["interest-rate", "Interest Rate"], ["general-terms", "General Terms"], ["miscellaneous", "Miscellaneous"], ["disbursements-payments-and-costs", "Disbursements Payments and Costs"], ["interest-on-loans", "Interest on Loans"]], "size": 2188, "children": [["", ""], ["swiss-minimum-interests-rates-and-payments", "Swiss Minimum Interests Rates and Payments"], ["currency-for-payment-of-interest", "Currency for Payment of Interest"], ["governing-law", "Governing Law"], ["change-of-details", "Change of Details"]], "id": "interest-calculation", "related": [["interest-calculations", "Interest Calculations", "<strong>Interest Calculations</strong>"], ["interest-calculation-costs", "INTEREST CALCULATION COSTS", "<strong>INTEREST CALCULATION</strong> COSTS"], ["interest-computation", "Interest Computation", "Interest Computation"], ["payment-interest-computation", "Payment; Interest Computation", "Payment; Interest Computation"], ["payment-calculation", "Payment Calculation", "Payment Calculation"]], "related_snippets": [], "updated": "2026-04-02T05:40:27+00:00", "also_ask": [], "drafting_tip": "Specify the interest rate, calculation method, and compounding frequency to ensure clarity, prevent disputes, and facilitate accurate enforcement.", "explanation": "The Interest Calculation clause defines how interest is determined and applied to outstanding amounts under an agreement. Typically, it specifies the applicable interest rate, the method of calculation (such as simple or compound interest), and the frequency at which interest accrues, for example, daily or monthly. This clause ensures both parties understand the financial consequences of late payments or outstanding balances, providing clarity and reducing disputes over how much is owed due to interest."}, "json": true, "cursor": ""}}