Common use of 360-Day Year Clause in Contracts

360-Day Year. Interest payable under each Term Loan shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

Appears in 12 contracts

Sources: Loan Agreement (Evolus, Inc.), Loan Agreement (Collegium Pharmaceutical, Inc), Loan Agreement

360-Day Year. Interest payable under each this Term Loan Note shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

Appears in 6 contracts

Sources: Sixteenth Amendment (LumiraDx LTD), Fifteenth Amendment (LumiraDx LTD), Twelfth Amendment and Waiver (LumiraDx LTD)

360-Day Year. Interest payable under each Term Loan shall be computed on the basis of a year of 360 days days, and in each case shall be payable for the actual number of days elapsed.

Appears in 6 contracts

Sources: Loan Agreement (Precigen, Inc.), Loan Agreement (Geron Corp), Loan Agreement (INSMED Inc)

360-Day Year. Interest payable under each the Term Loan shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

Appears in 1 contract

Sources: Loan Agreement (Coherus BioSciences, Inc.)