Common use of Calculation and Payment Clause in Contracts

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly in arrears as of the end of each calendar quarter and on the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, and on the Maturity Date. Notwithstanding the foregoing, at CoBank’s option, interest on balances bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly in arrears as of the end of each calendar quarter and on the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, and on the Maturity Date. Notwithstanding the foregoing, at CoBank’s option, interest on balances bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.. (D)

Calculation and Payment. Interest shall be calculated on the actual number of days each the Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each the Loan is made shall be included and the date each the Loan or installment thereof is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly be payable monthly in arrears as by the twentieth (20th) day of the end of each calendar quarter following month (or on such other day in such month as CoBank shall require in a written notice to the Company) and on the Maturity Date; and (2) due and payable on final maturity of the 20th day of each April, July, October, and January, and on the Maturity DateLoan. Notwithstanding the foregoing, at CoBank’s option, interest on balances any balance bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan or installment thereof is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly be payable monthly in arrears as by the twentieth (20th) day of the end of each calendar quarter and following month (or on such other day in such month as CoBank shall require in a written notice to the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, and on the Maturity DateCompany). Notwithstanding the foregoing, at CoBank’s option, interest on balances any balance bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan (or portion thereof) is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly be payable monthly in arrears as by the twentieth (20th) day of the end of each calendar quarter and following month (or on such other day in such month as CoBank shall require in a written notice to the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, and on the Maturity DateCompany). Notwithstanding the foregoing, at CoBank’s option, interest on balances any balance bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly monthly in arrears as of the end last day of each calendar quarter month and on the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, the following month and on the Maturity Date. Notwithstanding the foregoing, at CoBank’s 's option, interest on balances bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly alculated monthly in arrears as of the end last day of each calendar quarter month and on the Maturity Date; and (2) due and payable on the 20th day of each April, July, October, and January, the following month and on the Maturity Date. Notwithstanding the foregoing, at CoBank’s option, interest on balances bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervalsitervals.

Calculation and Payment. Interest shall be calculated on the actual number of days each Loan is the Loans are outstanding on the basis of a year consisting of 360 days. In calculating interest, the date each Loan is made shall be included and the date each Loan is repaid shall, if received before 3:00 P.M. Mountain time, be excluded. Interest shall be: (1) calculated quarterly monthly in arrears as of the end last day of each calendar quarter month and on the Maturity Datefinal maturity date of the Loans; and (2) due and payable on the 20th day of each April, July, October, and January, the following month and on the Maturity Datefinal maturity date of the Loans. Notwithstanding the foregoing, at CoBank’s option, interest on balances bearing interest at the LIBOR Option shall be payable on the last day of the Interest Period or, in the case of Interest Periods of longer than three months, at three month intervals.