Common use of Basis of Computation Clause in Contracts

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 56 contracts

Samples: Assignment and Acceptance Agreement and Amendment (United Rentals North America Inc), Purchase and Sale Agreement (Oncor Electric Delivery Co LLC), Receivables Purchase Agreement (United Rentals North America Inc)

AutoNDA by SimpleDocs

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365- or 366-day year, as the case may be.

Appears in 20 contracts

Samples: Receivables Sale Agreement (Gray Television Inc), Receivables Purchase Agreement (Concentrix Corp), Receivables Sale and Contribution Agreement (StarTek, Inc.)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365- or 366-day year.

Appears in 11 contracts

Samples: Purchase and Sale Agreement (Triumph Group Inc), Sale and Contribution Agreement (Alliance Resource Partners Lp), Purchase and Sale Agreement (LyondellBasell Industries N.V.)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day yearyear and actual days elapsed.

Appears in 3 contracts

Samples: Subordinated Note (Davey Tree Expert Co), Receivables Sale and Contribution Agreement (DCP Midstream, LP), Receivables Purchase Agreement (Davey Tree Expert Co)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day yearyear consisting of 360 days.

Appears in 2 contracts

Samples: Secured Credit Agreement (International Aircraft Investors), Loan Agreement (Tower Tech Inc)

Basis of Computation. Interest accrued hereunder shall be -------------------- computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 2 contracts

Samples: Sale Agreement (Exide Corp), Purchase and Sale Agreement (Mail Well Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-360 day yearyear and actual days elapsed.

Appears in 1 contract

Samples: Subordinated Note (Hunt J B Transport Services Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365 or 366-day year, as the case may be.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Phillips 66)

AutoNDA by SimpleDocs

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365-day year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Basis of Computation. Interest accrued hereunder shall be computed -------------------- for the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alliance Laundry Holdings LLC)

Basis of Computation. Interest accrued hereunder shall -------------------- be computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Dixie Group Inc)

Basis of Computation. Interest accrued hereunder shall be computed for -------------------- the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!