Common use of Computation of Interest Clause in Contracts

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 57 contracts

Samples: Loan and Security Agreement (Acme United Corp), Loan and Security Agreement (Domo, Inc.), Loan and Security Agreement (Domo, Inc.)

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Computation of Interest. Interest on the Credit Extensions Any interest hereunder will accrue from day to day and all fees payable hereunder shall be computed is calculated on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accruesand a year of 360 days. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 19 contracts

Samples: Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Aspen Aerogels Inc)

Computation of Interest. Interest on the Credit Extensions Any interest hereunder will accrue from day to day and all fees payable hereunder shall be computed is calculated on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accruesand a year of three hundred sixty (360) days. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 6 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Roku, Inc), Subordinated Loan and Security Agreement (Roku, Inc)

Computation of Interest. Interest on the Credit Extensions Any interest hereunder will accrue from day to day and all fees payable hereunder shall be computed is calculated on the basis of a 360-day year and the actual number of days elapsed and a year of 360 days in the period during which such interest accruescase of any Credit Extension outstanding in any Currency other than Pounds Sterling, and a year of 365 days in respect of any Credit Extension outstanding in Pounds Sterling. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 5 contracts

Samples: Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Aviat Networks, Inc.)

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date CreditAmended and Restated Loan and Security Agreement – Domo, Inc. of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Domo, Inc.)

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of Funding Date for such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Jive Software, Inc.)

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a three hundred sixty 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Internet Brands, Inc.)

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Computation of Interest. Interest on the Credit Extensions Extension and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Commvault Systems Inc)

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In , hi computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Motricity Inc)

Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year (or 365/366 days in the case of Prime Rate Advances) and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Appears in 1 contract

Samples: Loan and Security Agreement (Ikanos Communications, Inc.)

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