Common use of 360-Day Year Clause in Contracts

360-Day Year. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 162 contracts

Sources: Note and Warrant Purchase and Security Agreement (SANUWAVE Health, Inc.), Debtor in Possession Loan and Security Agreement, Loan and Security Agreement (Yodle Inc)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360-) day year for year, and the actual number of days elapsed.

Appears in 102 contracts

Sources: Loan and Security Agreement (Vera Therapeutics, Inc.), Loan and Security Agreement (Soleno Therapeutics Inc), Loan and Security Agreement (Scholar Rock Holding Corp)

360-Day Year. Interest shall be computed on the basis of a 360-day year for of 360 days and the actual number of days elapsed.

Appears in 18 contracts

Sources: Loan Agreement (Revolution Medicines, Inc.), Loan Agreement (Axsome Therapeutics, Inc.), Loan Agreement (Amicus Therapeutics, Inc.)

360-Day Year. Interest shall be is computed on the basis of a 360-360 day year for the actual number of days elapsed.

Appears in 4 contracts

Sources: Loan and Security Agreement (Axs One Inc), Loan and Security Agreement (Aprimo, INC), Loan and Security Agreement (Infinera Corp)

360-Day Year. Interest shall be computed on the basis of a 360-day year for of a 360 days and the actual number of days elapsed.

Appears in 3 contracts

Sources: Loan Agreement (Mannkind Corp), Loan Agreement and Security Agreement (Mannkind Corp), Loan Agreement (Mannkind Corp)

360-Day Year. Interest shall be computed on the basis of a 360-day 360’day year for the actual number of days elapsed.

Appears in 1 contract

Sources: Loan and Security Agreement (GPS Industries, Inc.)

360-Day Year. Interest shall be computed on the basis of a ------------- 360-day year for the actual number of days elapsed.

Appears in 1 contract

Sources: Loan and Security Agreement (Concurrent Computer Corp/De)