Common use of Basis of Accrual Clause in Contracts

Basis of Accrual. Interest, commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Facility Agreement (Micron Technology Inc)

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Basis of Accrual. Interest, commitment letter of credit commission and fees accruing hereunder shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 4 contracts

Samples: Restated Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/)

Basis of Accrual. Interest, Interest and commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: Participation Agreement (Getronics N V)

Basis of Accrual. Interest, Interest and commitment commission and fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: Agreement (Comple Tel LLC)

Basis of Accrual. Interest, Interest and the commitment commission and fees fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where if market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

Basis of Accrual. Interest, Interest and commitment commission and fees shall will accrue from day to day and shall will be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: Shurgard Storage Centers Inc

Basis of Accrual. Interest, commitment letter of credit commission and fees accruing hereunder shall accrue from day to day and shall be calculated on the basis of a year of 360 365 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: HCC Insurance Holdings Inc/De/

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Basis of Accrual. InterestAny interest, commitment commission and or fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) practice and the actual number of days elapsed.

Appears in 1 contract

Samples: Genesys Sa

Basis of Accrual. Interest, commitment Any commission and fees or fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed.

Appears in 1 contract

Samples: Lucid Group, Inc.

Basis of Accrual. InterestAny interest, commitment commission and or fees shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, in any case where market practice differs, in accordance with market practice) practice and the actual number of days elapsed.

Appears in 1 contract

Samples: Agreement (Genesys Sa)

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