Calculations and Evidence of Debt. 28.1 Basis of Accrual Interest and Letter of Credit Commission shall accrue from day to day and shall be calculated on the basis of a year of 365 days (or in the case of any such amounts denominated in dollars, 360 days) and the actual number of days elapsed.
Appears in 2 contracts
Samples: Charge Agreement (Ace LTD), Ace LTD
Calculations and Evidence of Debt. 28.1 36.1 Basis of Accrual Interest and Letter of Credit Commission shall Any interest, commission or fee accruing under the Finance Documents will accrue from day to day and shall be is calculated on the basis of actual number of days elapsed and a year of 365 360 days (or or, in the case of any such amounts Advance denominated in dollars, 360 sterling 365 days) and the actual number of days elapsedor, in any case where market practice differs, in accordance with market practice.
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Samples: Cemex Sa De Cv
Calculations and Evidence of Debt. 28.1 Basis of Accrual Interest 40.1 BASIS OF ACCRUAL Interest, commitment commission and Letter of Credit Commission shall accrue from day to day and shall be calculated on the basis of a year of 365 360 days (or in the case of any such amounts denominated in dollars, 360 days) and the actual number of days elapsedelapsed or, in any case where the practice in the London Interbank Market differs, in accordance with that market practice.
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Samples: Facility Agreement (Primacom Ag)