Common use of Calculations and Evidence of Debt Clause in Contracts

Calculations and Evidence of Debt. 25.1 Interest shall accrue from day to day and shall be calculated on the basis of a year of 365 days and the actual number of days elapsed. 25.2 The Lender shall maintain in accordance with its usual practice accounts evidencing the amounts from time to time lent by and owing to it (including interest) hereunder.

Calculations and Evidence of Debt. 25.1 27.1 Basis of Accrual Interest shall accrue from day to day and shall be calculated on the basis of a year of 365 360 days (or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed. 25.2 The Lender shall maintain in accordance with its usual practice accounts evidencing the amounts from time to time lent by and owing to it (including interest) hereunder.