Common use of Additional Interest Provisions Clause in Contracts

Additional Interest Provisions. a. All computations of interest on the Term Loan shall be made on the basis of a three hundred sixty (360) day year and the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)

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Additional Interest Provisions. a. All computations of interest on the Term Loan Loans shall be made on the basis of a three hundred sixty (360) day year and the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (JetPay Corp)

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