Common use of Interest Computation Clause in Contracts

Interest Computation. In computing interest on the Obligations, all Payments received after 12:00 Noon, Pacific Time, on any day shall be deemed received on the next Business Day.

Appears in 35 contracts

Samples: Convertible Note Purchase Agreement (Surf Air Mobility Inc.), Loan and Security Agreement (Borqs Technologies, Inc.), Loan and Security Agreement (Borqs Technologies, Inc.)

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Interest Computation. In computing interest on the Obligations, all Payments received after 12:00 Noon, Pacific TimeStandard Time or Pacific Daylight Time (as the case may be), on any day shall be deemed received on the next Business Day.

Appears in 3 contracts

Samples: Convertible Note Facility Agreement (CBD Energy LTD), Convertible Note Facility Agreement (CBD Energy LTD), Convertible Note Facility Agreement (CBD Energy LTD)

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Interest Computation. In computing interest on the Obligations, all Payments received after 12:00 Noon, Pacific Time, on any day shall be deemed received on the next Business Day.. Partners for Growth Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Composite Technology Corp)

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