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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, and the actual number of days elapsed.”

Appears in 4 contracts

Samples: Loan and Security Agreement (Inspire Medical Systems, Inc.), Loan and Security Agreement (Inspire Medical Systems, Inc.), Loan and Security Agreement (Anaptysbio Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (LumiraDx LTD), Loan and Security Agreement (LumiraDx LTD)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Pulmonx Corp)

360-Day Year. Interest shall be computed on the basis of a three hundred sixty (360) day year, and the actual number of days elapsed.” 2.5 Section 2.5 (

Appears in 1 contract

Samples: Loan and Security Agreement (Zogenix, Inc.)