Accrual of interest and periodic payments. All payments of interest and other payments of an annual or periodic nature to be made by the Account Party shall accrue from day to day and be calculated on the basis of the actual number of days elapsed and a 365 day year.
Appears in 3 contracts
Samples: Credit Facility Agreement, Credit Facility Agreement (Max Capital Group Ltd.), Credit Facility Agreement (Max Capital Group Ltd.)
Accrual of interest and periodic payments. All payments of commission, interest and other payments of an annual or periodic nature to be made by the Account Party shall accrue from day to day and be calculated on the basis of the actual number of days elapsed and a 365 day year.
Appears in 1 contract
Samples: Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD)
