Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance shall include the amount of the Advance and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paid.
Appears in 5 contracts
Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)
Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance shall include the amount advance of the Advance Loan shall be included and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paidbe excluded.
Appears in 4 contracts
Samples: Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc)
Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance Closing Date shall include the amount of the Advance be included and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paidbe excluded.
Appears in 4 contracts
Samples: Loan Agreement (Shopko Stores Inc), Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Finova Capital Corp)
Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance Closing Date shall include the amount of the Advance be included and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paidbe excluded."
Appears in 3 contracts
Samples: Forbearance Agreement (Aquis Communications Group Inc), Forbearance Agreement (Aquis Communications Group Inc), Forbearance Agreement (Aquis Communications Group Inc)
Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance Funding Date shall include the amount of the Advance be included and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paidbe excluded.
Appears in 3 contracts
Samples: Loan Agreement (Scott Cable Communications Inc), Loan Agreement (Us 1 Industries Inc), Loan Agreement (Us 1 Industries Inc)
Interest Computation. Interest shall be computed on the basis of a year consisting of 360 days and charged for the actual number of days during the period for which interest is being charged. In computing interest, the Principal Balance on the date of funding of an Advance a Loan shall include the amount of the Advance be included and the Principal Balance on the date of payment of any amount due hereunder shall exclude the amount paidbe excluded.
Appears in 1 contract
