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Common use of 360-Day Year Clause in Contracts

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) days.

Appears in 85 contracts

Samples: Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Inhibrx, Inc.), Loan and Security Agreement (Inhibrx, Inc.)

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360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting for the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 49 contracts

Samples: Note Purchase Agreement (5E Advanced Materials, Inc.), Note Purchase Agreement (5E Advanced Materials, Inc.), Note Purchase Agreement (5E Advanced Materials, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting and the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 26 contracts

Samples: Business Loan and Security Agreement (Laser Photonics Corp), Business Loan and Security Agreement (Super League Enterprise, Inc.), Subordinated Business Loan and Security Agreement (Loop Media, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days.

Appears in 23 contracts

Samples: Loan and Security Agreement (Omeros Corp), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days-day months.

Appears in 11 contracts

Samples: Loan and Security Agreement (Hyperion Therapeutics Inc), Loan and Security Agreement (Advanced BioHealing Inc), Loan and Security Agreement (Alphatec Holdings, Inc.)

360-Day Year. Interest shall be is computed on the basis of a three hundred sixty (360) day year consisting for the actual number of twelve (12) months of thirty (30) daysdays elapsed.

Appears in 10 contracts

Samples: Term Loan and Security Agreement (A123 Systems, Inc.), Loan and Security Agreement (Physiometrix Inc), Term Loan and Security Agreement (A123 Systems, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of comprising twelve (12) months consisting of thirty (30) days.

Appears in 7 contracts

Samples: Loan and Security Agreement (Complete Genomics Inc), Loan and Security Agreement (Complete Genomics Inc), Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) daysdays for the actual days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc)

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360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (12 30) days-day months.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year year, consisting of twelve (12) months of thirty (30) days.

Appears in 1 contract

Samples: Loan and Security Agreement (Radius Health, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) days, and shall be compounded annually.

Appears in 1 contract

Samples: Subordination Agreement (Pulmonx Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting year, and the actual number of twelve (12) months of thirty (30) days.days elapsed. DMS 22024654.13

Appears in 1 contract

Samples: Loan and Security Agreement (Lexicon Pharmaceuticals, Inc.)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) -day year consisting of twelve (12) months of thirty (30) days-day months.”

Appears in 1 contract

Samples: Loan and Security Agreement (Alphatec Holdings, Inc.)