INTEREST CALCULATION BASIS definition

INTEREST CALCULATION BASIS means the calculation of Interest on the basis of a 360-day year of twelve 30-day months.
INTEREST CALCULATION BASIS means, on or prior to December 8, 2015, the calculation of Interest on the basis of a 360-day year of twelve 30-day months; and thereafter, the calculation of Interest on the basis of the actual number of days elapsed on the basis of a 360-day year.