Common use of Calculation of interest Clause in Contracts

Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;

Appears in 15 contracts

Samples: Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp)

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Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve (12) thirty (30-) day months;.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (AmeriHome, Inc.)

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Calculation of interest. Interest on each Underlying Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve (12) thirty (30-) day months;

Appears in 1 contract

Samples: Master Repurchase Agreement (UWM Holdings Corp)

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