30/360 Basis definition

30/360 Basis. The accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means on the basis of a 360-day year consisting of 12 months of 30 days each.
30/360 Basis. As defined in the Preliminary Statement.

More Definitions of 30/360 Basis

30/360 Basis means on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each.
30/360 Basis means, for purposes of calculating a rate for Distributions, such rate calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means any Mortgage Loan that accrues interest on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis. As defined in clause (iii) of the definition of "Mortgage Loan Schedule".
30/360 Basis means the accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months. "200 Park Avenue Co-Lender Agreement" shall have the meaning assigned thereto in the Preliminary Statement.
30/360 Basis means the accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day month-long Security Interest Accrual Periods.
30/360 Basis means a calculation for the relevant Distribution Period or other period on the basis of a year of 360 days consisting of twelve 30-day months.