Payments of interest on the Securities. shall include interest accrued to but excluding the respective Interest Payment Dates. The amount of interest payable for any interest period shall be computed and paid on the basis of a 360-day year and the actual number of days elapsed in the relevant interest period.
Appears in 5 contracts
Samples: Junior Subordinated Indenture (Northstar Realty), Determination of Libor (Harleysville National Corp), Junior Subordinated Indenture (Mills Corp)
Payments of interest on the Securities. shall include interest accrued to but excluding the respective Interest Payment Dates. The amount of interest payable Interest payments for any interest period the Securities shall be computed and paid on the basis of a 360-day year and the actual number of days elapsed in the relevant interest period.
Appears in 2 contracts
Samples: Junior Subordinated Indenture (Homebanc Corp), North Pointe Holdings Corp
Payments of interest on the Securities. shall include interest accrued to but excluding the respective Interest Payment Dates. The amount of interest payable Interest payments for any interest period the Securities shall be computed and paid on the basis of a 360-day year and the actual number of days elapsed in the relevant interest period. The amount of interest payable for any full interest period shall be computed by dividing the applicable rate per annum by four.
Appears in 2 contracts
Samples: Indenture (Commercial Capital Bancorp Inc), Southcoast Financial Corp
Payments of interest on the Securities. shall include interest accrued to but excluding the respective Interest Payment Dates. The amount of interest payable for any interest period shall be computed and paid on the basis of a 360-day year and the actual number of days elapsed in the relevant interest period, computed by dividing the actual number of days elapsed in the period by 360 and multiplying the result by the applicable per annum rate in effect for the period.
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