Common use of Calculation of interest Clause in Contracts

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred and sixty (360) days.

Appears in 8 contracts

Samples: Master Receivables Purchase Agreement (Fluence Energy, Inc.), Receivables Purchase Agreement (Cincinnati Bell Inc), Receivables Purchase Agreement (Sanmina Corp)

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Calculation of interest. All interest amounts calculated on a per annum basis hereunder are Interest shall be calculated on the basis of a year of three hundred and sixty (360) daysdays per year factor applied to the actual days on which there exists an unpaid balance hereunder.

Appears in 5 contracts

Samples: Loan and Security Agreement (Halifax Corp), Avatech Solutions Inc, Loan and Security Agreement (Accom Inc)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are Interest shall be calculated on the basis of a year of three hundred and sixty (360) daysdays per year factor applied to the number of actual days elapsed.

Appears in 4 contracts

Samples: Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred and sixty (360) days.. (g)

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Hanesbrands Inc.), Master Receivables Purchase Agreement (Hanesbrands Inc.)

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Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred 360 days and sixty (360) daysactual days elapsed.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (CHS Inc), Sale and Contribution Agreement (CHS Inc)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are Interest shall be calculated on the basis of a year of three hundred and sixty (360) daysdays and charged upon the actual number of days elapsed.

Appears in 1 contract

Samples: Inventory Loan and Security Agreement (Diamond Resorts Corp)

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