Common use of CALCULATION OF PERIODS Clause in Contracts

CALCULATION OF PERIODS. For the purpose of calculating interest, commitment fee and other pay­ment obligations based on periods of time, a year will be calculated on the basis of the actual number of days elapsed and a year of 360 days.

CALCULATION OF PERIODS. For the purpose of calculating interest, commitment fee and other pay­ment payment obligations based on periods of time, a year will be calculated on the basis of the actual number of days elapsed and a year of 360 days.