Common use of Calculation Clause in Contracts

Calculation. Interest will be computed on the basis of a year of 360 days and paid for the actual number of days elapsed.

Appears in 23 contracts

Samples: Loan Agreement (MVC Capital, Inc.), Loan Agreement (MVC Capital, Inc.), Revolving Credit Loan Agreement (Hersha Hospitality Trust)

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Calculation. Interest will shall be computed on the basis of a year of 360 days and paid calculated for the actual number of days elapsedelapsed on the basis of a 360-day year.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (Greater Bay Bancorp), Credit Agreement (Anchor Bancorp Wisconsin Inc), Credit Agreement (Electronic Tele Communications Inc)

Calculation. Interest will shall be computed calculated on the basis of a year of 360 days and paid for the actual number of days elapsedelapsed over a year assumed to have 360 days.

Appears in 3 contracts

Samples: Boston Restaurant Associates Inc, Boston Restaurant Associates Inc, Viisage Technology Inc

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Calculation. Interest will be computed on the basis of a year of 360 days comprised of twelve (12) 30-day months and paid for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Imaging Services Inc)

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