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Common use of 360-Day Year Clause in Contracts

360-Day Year. All interest and fees due under this Agreement will be calculated on the basis of actual days elapsed in a 360 day year.

Appears in 9 contracts

Sources: Credit Agreement (Cancer Genetics, Inc), Credit Agreement (American Caresouce Holdings, Inc.), Credit Agreement (Sportsmans Guide Inc)

Related Clauses

  • year
  • Holiday Coinciding with a Day of Vacation
  • INTEREST ON ARREARS
  • Holiday Falling on a Scheduled Workday
  • Holiday Falling on a Day of Rest

Parent Clauses

  • Payment of Interest on the Credit Extensions
  • Loans and Terms of Payment
  • Loan and Terms of Payment
  • Payment of Interest on the Term Loans
  • Miscellaneous

Sub-Clauses

  • Voluntary Prepayments
  • Annual Financial Statements
  • Financial Covenants
  • No Material Adverse Change
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