Common use of Canadian Interest Provisions Clause in Contracts

Canadian Interest Provisions. For purposes of the Interest Act (Canada) and disclosure thereunder, whenever interest to be paid under this Agreement is to be calculated on the basis of a year of 360 days, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent to is the rate so determined multiplied by the actual number of days ---------- -- in the calendar year in which the same is to be ascertained divided by 360. ------- --

Canadian Interest Provisions. For purposes of the Interest Act (Canada) and disclosure thereunder, whenever interest to be paid under this Agreement or any other Loan Document is to be calculated on the basis of a year of 360 days, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent to is the rate so determined multiplied by the actual number of days ---------- -- in the calendar year in which the same is to be ascertained divided by 360. ------- --.

Canadian Interest Provisions. For purposes of the Interest Act (Canada) and disclosure thereunder, whenever interest to be paid under this Agreement is to be calculated on the basis of a year of 360 days, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent to is the rate so determined multiplied by the actual number of days ---------- -- in the calendar year in which the same is to be ascertained divided by 360. ------- --.