{"component": "clause", "props": {"groups": [{"samples": [{"hash": "arDnpsZOZn", "uri": "/contracts/arDnpsZOZn#payment-interest-computation", "label": "Loan and Security Agreement (BioAge Labs, Inc.)", "score": 35.4120483398, "published": true}, {"hash": "9Bexpvvx7VL", "uri": "/contracts/9Bexpvvx7VL#payment-interest-computation", "label": "Loan and Security Agreement (Contineum Therapeutics, Inc.)", "score": 35.2012329102, "published": true}, {"hash": "hAYvjFHg53k", "uri": "/contracts/hAYvjFHg53k#payment-interest-computation", "label": "Loan and Security Agreement (Molekule Group, Inc.)", "score": 34.2429847717, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [50, 56]}, {"key": "basis-of", "type": "clause", "offset": [97, 105]}, {"key": "actual-number-of-days", "type": "clause", "offset": [129, 150]}, {"key": "payments-received", "type": "clause", "offset": [191, 208]}, {"key": "pacific-time", "type": "definition", "offset": [226, 238]}, {"key": "deemed-received", "type": "clause", "offset": [259, 274]}, {"key": "next-business-day", "type": "clause", "offset": [309, 326]}, {"key": "credit-extension", "type": "definition", "offset": [367, 383]}, {"key": "date-of-payment", "type": "clause", "offset": [410, 425]}, {"key": "same-day", "type": "definition", "offset": [510, 518]}, {"key": "interest-on", "type": "definition", "offset": [580, 591]}], "size": 272, "snippet": "Interest is payable monthly on the first calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.", "hash": "f71cad2afc709743a060f82287ce29df", "id": 1}, {"samples": [{"hash": "f5vC6HjREp7", "uri": "/contracts/f5vC6HjREp7#payment-interest-computation", "label": "Loan and Security Agreement (Neumora Therapeutics, Inc.)", "score": 36.5947990417, "published": true}, {"hash": "b9Vhojo6zTP", "uri": "/contracts/b9Vhojo6zTP#payment-interest-computation", "label": "Loan and Security Agreement (Mind Medicine (MindMed) Inc.)", "score": 36.3018493652, "published": true}, {"hash": "ayiBINHRnW6", "uri": "/contracts/ayiBINHRnW6#payment-interest-computation", "label": "Loan and Security Agreement (Alto Neuroscience, Inc.)", "score": 36.0417518616, "published": true}], "snippet_links": [{"key": "monthly-in-arrears", "type": "definition", "offset": [20, 38]}, {"key": "payment-date", "type": "definition", "offset": [46, 58]}, {"key": "basis-of", "type": "clause", "offset": [111, 119]}, {"key": "actual-number-of-days", "type": "clause", "offset": [143, 164]}, {"key": "payments-received", "type": "clause", "offset": [205, 222]}, {"key": "eastern-time", "type": "definition", "offset": [239, 251]}, {"key": "deemed-received", "type": "clause", "offset": [272, 287]}, {"key": "next-business-day", "type": "clause", "offset": [322, 339]}, {"key": "loan-shall", "type": "definition", "offset": [380, 390]}, {"key": "date-of-payment", "type": "clause", "offset": [411, 426]}, {"key": "applicable-rate", "type": "definition", "offset": [461, 476]}, {"key": "based-on", "type": "definition", "offset": [477, 485]}, {"key": "the-prime-rate", "type": "definition", "offset": [497, 511]}, {"key": "effective-as-of-the", "type": "clause", "offset": [522, 541]}, {"key": "to-the-extent", "type": "clause", "offset": [552, 565]}], "size": 33, "snippet": "Interest is payable monthly in arrears on the Payment Date of the following month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 3:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Loan shall be included and the date of payment shall be excluded. Changes to the Applicable Rate based on changes to the Prime Rate, shall be effective as of the date, and to the extent, of such change.", "hash": "0eaaaca72b17d2101433b2976a4d3ac3", "id": 2}, {"samples": [{"hash": "jkqAIGlSLKe", "uri": "/contracts/jkqAIGlSLKe#payment-interest-computation", "label": "Mezzanine Loan and Security Agreement (Xactly Corp)", "score": 26.4318962097, "published": true}, {"hash": "4yJfbo9ijeW", "uri": "/contracts/4yJfbo9ijeW#payment-interest-computation", "label": "Loan and Security Agreement (Xactly Corp)", "score": 25.1943874359, "published": true}, {"hash": "61prL0UHGUA", "uri": "/contracts/61prL0UHGUA#payment-interest-computation", "label": "Loan and Security Agreement (Conexant Systems Inc)", "score": 21.1670093536, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [49, 55]}, {"key": "the-obligations", "type": "clause", "offset": [93, 108]}, {"key": "payments-received", "type": "clause", "offset": [114, 131]}, {"key": "pacific-time", "type": "definition", "offset": [149, 161]}, {"key": "received-on", "type": "clause", "offset": [189, 200]}, {"key": "next-business-day", "type": "clause", "offset": [205, 222]}, {"key": "account-for-the", "type": "clause", "offset": [282, 297]}, {"key": "item-of-payment", "type": "definition", "offset": [312, 327]}, {"key": "to-bank", "type": "definition", "offset": [352, 359]}, {"key": "good-faith", "type": "clause", "offset": [367, 377]}, {"key": "business-judgment", "type": "clause", "offset": [378, 395]}, {"key": "designated-deposit-account", "type": "definition", "offset": [428, 454]}], "size": 12, "snippet": "Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. Bank shall not, however, be required to credit Borrower\u2019s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower\u2019s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.", "hash": "f977a16557ba7c6794fb803da90398ee", "id": 4}, {"samples": [{"hash": "2NlGZTWnjkr", "uri": "/contracts/2NlGZTWnjkr#payment-interest-computation", "label": "Loan and Security Agreement (Homology Medicines, Inc.)", "score": 34.9603004456, "published": true}, {"hash": "dOPAN1Wf7et", "uri": "/contracts/dOPAN1Wf7et#payment-interest-computation", "label": "Loan and Security Agreement (Social Capital Suvretta Holdings Corp. 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In computing interest, (i) all payments received after 1:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.", "hash": "4de6ef2e7f3dbad4e738f5fb0fdae51d", "id": 3}, {"samples": [{"hash": "fuj8Mu13vQK", "uri": "/contracts/fuj8Mu13vQK#payment-interest-computation", "label": "Loan and Guaranty Agreement (Ault Alliance, Inc.)", "score": 34.9520874023, "published": true}, {"hash": "lbYesqG4Ntp", "uri": "/contracts/lbYesqG4Ntp#payment-interest-computation", "label": "Loan and Guaranty Agreement (Ault Alliance, Inc.)", "score": 34.5468864441, "published": true}], "snippet_links": [{"key": "monthly-in-arrears", "type": "definition", "offset": [20, 38]}, {"key": "payment-date", "type": "definition", "offset": [47, 59]}, {"key": "basis-of", "type": "clause", "offset": [89, 97]}, {"key": "actual-number-of-days", "type": "clause", "offset": [121, 142]}, {"key": "payments-received", "type": "clause", "offset": [183, 200]}, {"key": "eastern-time", "type": "definition", "offset": [217, 229]}, {"key": "deemed-received", "type": "clause", "offset": [250, 265]}, {"key": "next-business-day", "type": "clause", "offset": [300, 317]}, {"key": "loan-shall", "type": "definition", "offset": [357, 367]}, {"key": "date-of-payment", "type": "clause", "offset": [388, 403]}], "size": 8, "snippet": "Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next Business Day and (ii) the date of the making of any Loan shall be included and the date of payment shall be excluded.", "hash": "e20ab4c920ec25182160fedba558091c", "id": 5}, {"samples": [{"hash": "9QEGzuDo0Z3", "uri": "/contracts/9QEGzuDo0Z3#payment-interest-computation", "label": "Loan and Security Agreement (Xata Corp /Mn/)", "score": 23.162902832, "published": true}, {"hash": "5Lxre38XgJ9", "uri": "/contracts/5Lxre38XgJ9#payment-interest-computation", "label": "Loan and Security Agreement (NxStage Medical, Inc.)", "score": 21.5530452728, "published": true}, {"hash": "kA4UVZPS0em", "uri": "/contracts/kA4UVZPS0em#payment-interest-computation", "label": "Loan and Security Agreement (NxStage Medical, Inc.)", "score": 21.3394927979, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [49, 55]}, {"key": "the-obligations", "type": "clause", "offset": [93, 108]}, {"key": "payments-received", "type": "clause", "offset": [114, 131]}, {"key": "eastern-time", "type": "definition", "offset": [149, 161]}, {"key": "received-on", "type": "clause", "offset": [189, 200]}, {"key": "next-business-day", "type": "clause", "offset": [205, 222]}, {"key": "account-for-the", "type": "clause", "offset": [282, 297]}, {"key": "item-of-payment", "type": "definition", "offset": [312, 327]}, {"key": "to-bank", "type": "definition", "offset": [352, 359]}, {"key": "good-faith", "type": "clause", "offset": [367, 377]}, {"key": "business-judgment", "type": "clause", "offset": [378, 395]}, {"key": "designated-deposit-account", "type": "definition", "offset": [428, 454]}], "size": 7, "snippet": "Interest is payable monthly on the last calendar day of each month. In computing interest on the Obligations, all Payments received after 12:00 noon Eastern time on any day shall be deemed received on the next Business Day. Bank shall not, however, be required to credit Borrower\u2019s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower\u2019s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.", "hash": "ae1ef9af3f8f1097c5024ecea7210a14", "id": 6}, {"samples": [{"hash": "23WhQ7rOWxI", "uri": "/contracts/23WhQ7rOWxI#payment-interest-computation", "label": "Loan and Security Agreement (Okta, Inc.)", "score": 29.1916503906, "published": true}, {"hash": "7R14dFExhk", "uri": "/contracts/7R14dFExhk#payment-interest-computation", "label": "Loan and Security Agreement (Okta, Inc.)", "score": 28.1950721741, "published": true}, {"hash": "99jlQbFNBUM", "uri": "/contracts/99jlQbFNBUM#payment-interest-computation", "label": "Loan and Security Agreement (Okta, Inc.)", "score": 27.967830658, "published": true}], "snippet_links": [{"key": "the-revolving-line", "type": "clause", "offset": [16, 34]}, {"key": "monthly-in-arrears", "type": "definition", "offset": [46, 64]}, {"key": "day-of", "type": "clause", "offset": [86, 92]}, {"key": "term-loan-advances", "type": "clause", "offset": [144, 162]}, {"key": "in-accordance-with", "type": "definition", "offset": [174, 192]}, {"key": "basis-of", "type": "clause", "offset": [251, 259]}, {"key": "actual-number-of-days", "type": "clause", "offset": [305, 326]}, {"key": "payments-received", "type": "clause", "offset": [367, 384]}, {"key": "pacific-time", "type": "definition", "offset": [402, 414]}, {"key": "deemed-received", "type": "clause", "offset": [435, 450]}, {"key": "next-business-day", "type": "clause", "offset": [485, 502]}, {"key": "credit-extension", "type": "definition", "offset": [543, 559]}, {"key": "date-of-payment", "type": "clause", "offset": [586, 601]}, {"key": "same-day", "type": "definition", "offset": [686, 694]}], "size": 7, "snippet": "(i) Interest on the Revolving Line is payable monthly in arrears on the last calendar day of each month and (ii) interest on the Growth Capital Term Loan Advances is payable in accordance with Section 2.1.2(b) above. Interest shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.", "hash": "81ae56357ac3140cbe7d96c7a9aa915c", "id": 7}, {"samples": [{"hash": "jCaxn2527qN", "uri": "/contracts/jCaxn2527qN#payment-interest-computation", "label": "Loan and Security Agreement (Expensify, Inc.)", "score": 36.1567420959, "published": true}, {"hash": "cs61D4txpDM", "uri": "/contracts/cs61D4txpDM#payment-interest-computation", "label": "Loan and Security Agreement (Expensify, Inc.)", "score": 35.1409988403, "published": true}, {"hash": "kKmn5hTqXgu", "uri": "/contracts/kKmn5hTqXgu#payment-interest-computation", "label": "Loan and Security Agreement", "score": 34.7279510498, "published": true}], "snippet_links": [{"key": "pay-interest", "type": "clause", "offset": [16, 28]}, {"key": "in-arrears", "type": "definition", "offset": [39, 49]}, {"key": "commencing-with-the", "type": "clause", "offset": [72, 91]}, {"key": "first-payment-date", "type": "definition", "offset": [92, 110]}, {"key": "applicable-funding-date", "type": "definition", "offset": [121, 144]}, {"key": "with-respect-to", "type": "clause", "offset": [145, 160]}, {"key": "each-loan", "type": "clause", "offset": [161, 170]}, {"key": "basis-of", "type": "clause", "offset": [206, 214]}, {"key": "actual-number-of-days", "type": "clause", "offset": [242, 263]}, {"key": "payments-received", "type": "clause", "offset": [304, 321]}, {"key": "deemed-received", "type": "clause", "offset": [372, 387]}, {"key": "next-business-day", "type": "clause", "offset": [422, 439]}, {"key": "credit-extension", "type": "definition", "offset": [480, 496]}, {"key": "date-of-payment", "type": "clause", "offset": [523, 538]}], "size": 6, "snippet": "Borrowers shall pay interest quarterly in arrears on each Payment Date, commencing with the first Payment Date after the applicable Funding Date with respect to each Loan. Interest shall be computed on the basis of a 365/366-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Ontario time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded.", "hash": "fa40b1f0691ddba7e611be6a5a2f92e0", "id": 8}, {"samples": [{"hash": "aW0bVlLwsM3", "uri": "/contracts/aW0bVlLwsM3#payment-interest-computation", "label": "Loan and Security Agreement (Ulthera Inc)", "score": 25.1204662323, "published": true}, {"hash": "9JJ8DkPZVSk", "uri": "/contracts/9JJ8DkPZVSk#payment-interest-computation", "label": "Loan and Security Agreement (Encision Inc)", "score": 24.4880218506, "published": true}, {"hash": "9p0WwpQfLD9", "uri": "/contracts/9p0WwpQfLD9#payment-interest-computation", "label": "Loan and Security Agreement (Encision Inc)", "score": 23.3709793091, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [49, 55]}, {"key": "basis-of", "type": "clause", "offset": [96, 104]}, {"key": "actual-number-of-days", "type": "clause", "offset": [128, 149]}, {"key": "payments-received", "type": "clause", "offset": [190, 207]}, {"key": "pacific-time", "type": "definition", "offset": [225, 237]}, {"key": "deemed-received", "type": "clause", "offset": [258, 273]}, {"key": "next-business-day", "type": "clause", "offset": [308, 325]}, {"key": "credit-extension", "type": "definition", "offset": [366, 382]}, {"key": "date-of-payment", "type": "clause", "offset": [409, 424]}, {"key": "same-day", "type": "definition", "offset": [509, 517]}, {"key": "interest-on", "type": "definition", "offset": [579, 590]}, {"key": "account-for-the", "type": "clause", "offset": [672, 687]}, {"key": "item-of-payment", "type": "definition", "offset": [702, 717]}, {"key": "to-bank", "type": "definition", "offset": [742, 749]}, {"key": "good-faith", "type": "clause", "offset": [757, 767]}, {"key": "business-judgment", "type": "clause", "offset": [768, 785]}, {"key": "designated-deposit-account", "type": "definition", "offset": [818, 844]}], "size": 6, "snippet": "Interest is payable monthly on the last calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Bank shall not, however, be required to credit Borrower\u2019s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower\u2019s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.", "hash": "a155e5542139dd718957f3bf543f2d53", "id": 9}, {"samples": [{"hash": "6hiAm9xojFH", "uri": "/contracts/6hiAm9xojFH#payment-interest-computation", "label": "Loan and Security Agreement (Tintri, Inc.)", "score": 28.4907588959, "published": true}, {"hash": "kgffKzG1wgr", "uri": "/contracts/kgffKzG1wgr#payment-interest-computation", "label": "Loan and Security Agreement (Tintri, Inc.)", "score": 28.4852848053, "published": true}, {"hash": "ccQNpu3Cvtk", "uri": "/contracts/ccQNpu3Cvtk#payment-interest-computation", "label": "Loan and Security Agreement (Tintri, Inc.)", "score": 28.414100647, "published": true}], "snippet_links": [{"key": "the-non", "type": "clause", "offset": [12, 19]}, {"key": "day-of", "type": "clause", "offset": [80, 86]}, {"key": "basis-of", "type": "clause", "offset": [127, 135]}, {"key": "actual-number-of-days", "type": "clause", "offset": [159, 180]}, {"key": "payments-received", "type": "clause", "offset": [221, 238]}, {"key": "pacific-time", "type": "definition", "offset": [256, 268]}, {"key": "deemed-received", "type": "clause", "offset": [289, 304]}, {"key": "next-business-day", "type": "clause", "offset": [339, 356]}, {"key": "any-non", "type": "clause", "offset": [393, 400]}, {"key": "formula-advance", "type": "definition", "offset": [401, 416]}, {"key": "date-of-payment", "type": "clause", "offset": [443, 458]}, {"key": "same-day", "type": "definition", "offset": [546, 554]}], "size": 5, "snippet": "Interest on the Non-Formula Loan is payable monthly on the first (1st) calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Non-Formula Advance shall be included and the date of payment shall be excluded; provided, however, that if any Non-Formula Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Non-Formula Advance.", "hash": "cab300a6d3216e3a7cef21daf9eedfd8", "id": 10}], "next_curs": "CmUSX2oVc35sYXdpbnNpZGVyY29udHJhY3RzckELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiVwYXltZW50LWludGVyZXN0LWNvbXB1dGF0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 445, "parents": [["loan-and-terms-of-payment", "Loan and Terms of Payment"], ["payment-of-interest-on-the-credit-extensions", "Payment of Interest on the Credit Extensions"], ["payment-of-interest", "Payment of Interest"], ["amendments-to-loan-agreement", "Amendments to Loan Agreement"], ["loans-and-terms-of-payment", "Loans and Terms of Payment"]], "children": [["fees-fully-earned", "Fees Fully Earned"], ["final-payment", "Final Payment"], ["bank-expenses", "Bank Expenses"], ["commitment-fee", "Commitment Fee"], ["prepayment-premium", "Prepayment Premium"]], "title": "Payment; Interest Computation", "id": "payment-interest-computation", "related": [["interest-computation", "Interest Computation", "Interest Computation"], ["interest-calculation", "Interest Calculation", "Interest Calculation"], ["interest-calculations", "Interest Calculations", "Interest Calculations"], ["designation-of-additional-amounts-to-be-included-in-the-excess-spread-amount-for-the-discoverseries-notes", "Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes", "Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes"], ["computation-period", "Computation Period", "Computation Period"]], "related_snippets": [], "updated": "2026-05-17T05:43:39+00:00"}, "json": true, "cursor": ""}}