Calculations of Interest. Collections of interest on the Receivables will be calculated in accordance with the Simple Interest Method.
Calculations of Interest. Collections of interest on the Receivables will be calculated in accordance with the Simple Interest Method. ARTICLE TWO CONVEYANCE OF RECEIVABLES; BOOKS AND RECORDS;
Calculations of Interest. All calculations of interest made hereunder shall be made, with respect to the Class A-1 Notes, on the basis of a year of 360 days and the actual number of days elapsed and with respect to the Class A-2 Notes, the Class A-3 Notes and the Class B Notes, on the basis of a year of 360 days of twelve 30-day months.
Calculations of Interest. All calculations of interest in respect of the Class A-1 Notes made hereunder shall be computed on the basis of the actual number of days in the related period of accrual divided by 360. Interest in respect of the Class A-1 Notes shall accrue from and including the Closing Date or from and including the most recent Payment Date to which interest has been paid to but excluding the current Payment Date. For the avoidance of doubt, if any Class A-1 Notes are outstanding after the Payment Date in April 2012, interest on the Class A-1 Notes will accrue from and including the Payment Date in April 2012 to but excluding the Special Payment Date. All calculations of interest in respect of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes made hereunder shall be made on the basis of a 360-day year consisting of twelve 30-day months. Interest on the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes in respect of a Payment Date will accrue from and including the 15th day of the month preceding such Payment Date (or the Closing Date in the case of the first Payment Date) to and including the 14th day of the month of such Payment Date.
Calculations of Interest. All calculations of interest on the Class 1A-1 Notes, Class 2A-1 Notes, Class 1M-1 Notes, Class 2M Notes and Class 2B-1 Notes shall be made on the basis of the actual number of days in the Accrual Period and a year assumed to consist of 360 days. All calculations of interest on the Class 1M-2 Notes, Class 1M-3 Notes, Class 1M-4 Notes, Class 1B Notes and Class SB Notes shall be made on the basis of the thirty days in the Accrual Period and a year assumed to consist of 360 days. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx with one-half of one xxxxx being rounded up.
Calculations of Interest. All calculations of interest made hereunder with respect to the Notes shall be made on the basis of a 360-day year based upon the actual number of days elapsed.
Calculations of Interest. All calculations of interest in respect of the Class A-1 Notes made hereunder shall be computed on the basis of the actual number of days in the related period of accrual divided by 360. Interest in respect of the Class A-1 Notes shall accrue from and including the Closing Date or from and including the most recent Payment Date to which interest has been paid to but excluding the current Payment Date. All calculations of interest in respect of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes made hereunder shall be made on the basis of a 360-day year consisting of twelve 30-day months. Interest on the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes in respect of a Payment Date will accrue from and including the 15th day of the month preceding such Payment Date (or the Closing Date in the case of the first Payment Date) to and including the 14th day of the month of such Payment Date.
Calculations of Interest. 9 ARTICLE II THE NOTES
Calculations of Interest. Interest on the unpaid principal balance of each Loan shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days.
