Common use of Computation; 360-Day Year Clause in Contracts

Computation; 360-Day Year. In computing interest, the date of the making of the Term Loan Advance shall be included and the date of payment shall be excluded; provided, however, that if the Term Loan Advance is repaid on the same day on which it is made, such day shall be included in computing interest on the Term Loan Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Subordinated Loan and Security Agreement (Everyday Health, Inc.)

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Computation; 360-Day Year. In computing interest, the date of the making of the any Term Loan Advance shall be included and the date of payment shall be excluded; provided, however, that if the any Term Loan Advance is repaid on the same day on which it is made, such day shall be included in computing interest on the such Term Loan Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Brightcove Inc)

Computation; 360-Day Year. In computing interest, the date of the making of the Term Loan Advance shall be included and the date of payment shall be excluded; provided, however, that if the Term Loan Advance is repaid on the same day on which it is made, such day shall be included in computing interest on the Term Loan Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Everyday Health, Inc.)

Computation; 360-Day Year. In computing interestinterest for Advances, the date of the making of the Term Loan Advance is funded shall be included and the date of payment shall be excluded; provided, however, that if the Term Loan any Advance is repaid on the same day on which it is made, such day shall be included in computing interest on the Term Loan such Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Intercreditor Agreement (Osprey Technology Acquisition Corp.)

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Computation; 360-Day Year. In computing interest, the date of the making of the Term Loan any Advance shall be included and the date of payment shall be excluded; provided, however, that if the Term Loan any Advance is repaid on the same day on which it is made, such day shall be included in computing interest on the Term Loan such Advance. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Crossroads Systems Inc)

Computation; 360-Day Year. In computing interest, the date of the making of the Term Loan Advance #2 shall be included and the date of payment shall be excluded; provided, however, that if the Term Loan Advance #2 is repaid on the same day on which it is made, such day shall be included in computing interest on the Term Loan AdvanceAdvance #2. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Modification Agreement (Everyday Health, Inc.)

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