Common use of Interest Computations Clause in Contracts

Interest Computations. All computations of interest on Loans hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of 360 days.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement

Interest Computations. All computations of interest on Loans the Term Loan hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of 360 days.

Appears in 1 contract

Sources: Loan Agreement (Solarcity Corp)

Interest Computations. All computations of interest on Loans the Term Loan hereunder shall include the first day each immediately preceding Quarterly Date but exclude the last day of the period for Quarterly Date on which such interest payment is payable being made and shall be based upon a year of 360 days365 days (or 366 days in a leap year) for the actual days elapsed.

Appears in 1 contract

Sources: Financing Agreement (Altus Power, Inc.)

Interest Computations. All computations of interest on Loans any Loan hereunder shall include the first day but exclude the last day of the applicable period for which such interest is payable and shall be based upon a year of, three hundred and sixty (360) days and the number of 360 daysactual days elapsed.

Appears in 1 contract

Sources: Financing Agreement (Energy Vault Holdings, Inc.)

Interest Computations. All computations of interest on Loans hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of (x) in the case of Base Rate Loans, 365 days (or 366 days in a leap year), and (y) in the case of LIBO Loans, 360 days, in each case for the actual days elapsed.

Appears in 1 contract

Sources: Financing Agreement (Central Vermont Public Service Corp)