Common use of Accrual and Computation of Interest Clause in Contracts

Accrual and Computation of Interest. Interest shall accrue ----------------------------------- daily and shall be computed on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 3 contracts

Samples: Registration Rights Agreement (Retractable Technologies Inc), Registration Rights Agreement (Retractable Technologies Inc), Registration Rights Agreement (Retractable Technologies Inc)

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Accrual and Computation of Interest. Interest shall accrue ----------------------------------- daily and shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days for the actual number of days elapseddays.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Ambi Inc)

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Accrual and Computation of Interest. Interest shall accrue ----------------------------------- daily and shall be computed on the basis of a year of 360 days for the actual number of days elapsed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Micro Therapeutics Inc)

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