Common use of Computation and Payment Clause in Contracts

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.

Appears in 29 contracts

Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc), Credit Agreement (Linear Technology Corp /Ca/)

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Computation and Payment. Interest (and fees computed on a per annum basis) shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.

Appears in 2 contracts

Samples: Loan Agreement (Titan Motorcycle Co of America Inc), Loan Agreement (Advanced Materials Group Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest , and shall be payable at the times and place set forth in the Line any promissory note or other document executed by Borrower to evidence any extension of Credit Notecredit by Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Apollo Group Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note.the

Appears in 1 contract

Samples: Credit Agreement (Turbodyne Technolgies Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsedclosed. Interest shall be payable at the times and place set forth in the Line of Credit Noteeach promissory note or other instrument required hereby.

Appears in 1 contract

Samples: Credit Agreement (Dot Hill Systems Corp)

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Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note (the "Note").

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note, Term Note I and Term Note II (collectively, the "Notes").

Appears in 1 contract

Samples: Credit Agreement (Turbodyne Technolgies Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit NoteNote and the Term Note (collectively, the "Notes").

Appears in 1 contract

Samples: Credit Agreement (First Consulting Group Inc)

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