Common use of Payment; Interest Computation Clause in Contracts

Payment; Interest Computation. Interest is payable monthly in arrears and shall be computed on the basis of a 365 or 366-day year, as applicable, for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the following Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 365 or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the following next Business Day, Day and (ii) the date of the making of any Credit Extension Loan shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on the first day of each month and shall be computed on the basis of a 365 or 366-day year, as applicable, for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the following Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 365 or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the following next Business Day, Day and (ii) the date of the making of any Credit Extension the Term Loan shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly quarterly in arrears on the first day of each calendar quarter, commencing with the first such date to occur after the date that is eighteen months after the date of the Loan, and shall be computed on the basis of a 365 or 366365-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 5:00 p.m. Eastern Time time on any day shall be deemed received at the opening of business on the following Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excludednext business day.

Payment; Interest Computation. Interest is payable monthly in arrears on the Payment Date of the following month and shall be computed on the basis of a 365 or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the following next Business Day, Day and (ii) the date of the making of any Credit Extension Loan shall be included and the date of payment shall be excluded.