Interest Rate Basis. All interest will be calculated at the per annum interest rate based on 360-day year and applied to the actual number of days elapsed.
Appears in 6 contracts
Sources: Business Loan Agreement (Coeur D Alenes Co /Ia/), Business Loan Agreement (Data I/O Corp), Business Loan Agreement (Coeur D Alenes Co /Ia/)
Interest Rate Basis. All interest will be calculated at the per annum interest rate based on 360-day year period and applied to the actual number of days elapsed.
Appears in 1 contract
Sources: Business Loan Agreement (Telect Inc)