Elapsed Days definition
Examples of Elapsed Days in a sentence
The "Number of Elapsed Days" shall be determined by the number of days from the last day of the previous month (excluding such last day of the previous month) up until and including the date upon which the Interest will be due.
The "Number of Elapsed Days" shall be determined respectively for each month an Interest Payment is due by the number of days from the last day of the previous month (excluding such last day of the month), up until and including the last day of the month in which the Interest Payment is due.
The "Number of Elapsed Days" shall be determined in such a manner up until the Due Date of the Loan.
In addition, Exception Items shall include, without limitation, the following: (a) checks that were previously presented to Bank or are duplicates (b) checks which match an Issued Check Record but are timely marked with a "Void" by Customer prior to the check being presented; and (c) checks which match an Issued Check Record but have an "Issue Elapsed Days" exceeding the Customer established number (which may not exceed 180), or exceed the Bank's established number of 180.
The "Number of Elapsed Days" for the Interest due on December 31, 2003, shall be determined by the number of days from the date of this Agreement up until and including December 31, 2003.
Interest on the Loan shall be calculated based on the formula: [Outstanding Loan Amount x Interest Rate Specified in Paragraph 1 x Actual Number of Elapsed Days / 365 (For Loan Interest Periods during a leap year, the denominator shall be 366)].
For Interest due on March 31, 2004, June 30, 2004, and August 31, 2004, the "Number of Elapsed Days" shall be determined respectively by the number of days from the last day of the previous quarter (excluding such last day of the previous quarter) up until and including the date upon which the Interest Payment is due.
For Interest due on March 31, 2004, June 30, 2004, and August 31, 2004, the "Number of Elapsed Days" shall be determined respectively by the number of days from the last day of the previous quarter (excluding such last day of the previous quarter), up until and including the date upon which the Interest Payment is due.