Common use of Calculation Clause in Contracts

Calculation. Interest will be computed on the basis of a year of 360 days and paid for the actual number of days elapsed.

Appears in 23 contracts

Samples: Loan Agreement (MVC Capital, Inc.), Loan Agreement (MVC Capital, Inc.), Revolving Credit Loan Agreement (Hersha Hospitality Trust)

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Calculation. Interest will shall be computed calculated on the basis of a year of 360 days and paid for the actual number of days elapsedelapsed over a year assumed to have 360 days.

Appears in 3 contracts

Samples: Boston Restaurant Associates Inc, Boston Restaurant Associates Inc, Viisage Technology Inc

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Calculation. Interest will be computed on the basis of a year of 360 days comprised of twelve (12) 30-day months and paid for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Imaging Services Inc)

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