Common use of Basis of Computation Clause in Contracts

Basis of Computation. The interest rate is an annual rate and will be computed using a 360-day year and charged for actual days elapsed.

Appears in 10 contracts

Samples: Dloc Note (Lodging Fund REIT III, Inc.), Term Loan Note (Lodging Fund REIT III, Inc.), Dloc Note (Lodging Fund REIT III, Inc.)

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Basis of Computation. The interest rate Interest Rate is an annual rate and will be computed using a 360-day year and charged for actual days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

Basis of Computation. The interest rate is an annual rate and will be computed using a 360-360- day year and charged for actual days elapsed.

Appears in 1 contract

Samples: Term Loan Note (Lodging Fund REIT III, Inc.)

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Basis of Computation. The interest rate herein is an annual rate and will be computed using a 360-day year and charged for actual days elapsed.. ​

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

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