Common use of Basis of Computation Clause in Contracts

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 10 contracts

Samples: Purchase and Sale Agreement (Worthington Industries Inc), Sale and Contribution Agreement (Arch Coal Inc), Purchase and Sale Agreement (Fleetcor Technologies Inc)

AutoNDA by SimpleDocs

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(bPARAGRAPH 3(B) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Atrium Companies Inc), Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/), Purchase and Sale Agreement (Worthington Industries Inc)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year, as applicable.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (VWR Funding, Inc.), Purchase and Sale Agreement (SWIFT TRANSPORTATION Co)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Note hereof shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year, as applicable.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Amphenol Corp /De/), Purchase and Sale Agreement (Amphenol Corp /De/)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in 740816958 17540157 Exhibit B-2 paragraph 3(b) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph PARAGRAPH 3(b) of this Company Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

AutoNDA by SimpleDocs

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Term Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa California, LLC)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph 3(b) of this Company Revolving Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Citgo Petroleum Corp)

Basis of Computation. Interest accrued hereunder that is computed by reference to the Telerate Screen Rate shall be computed for the actual number of days elapsed on the basis of a 360-day year, and interest accrued hereunder that is computed by reference to the rate described in paragraph PARAGRAPH 3(b) of this Company Term Note shall be computed for the actual number of days elapsed on the basis of a 365- or 366-day year.. 2

Appears in 1 contract

Samples: Purchase and Sale Agreement (Allete)

Time is Money Join Law Insider Premium to draft better contracts faster.