Common use of Computation and Payment Clause in Contracts

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 1 contract

Samples: Credit Agreement (Shoe Pavilion Inc)

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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 Facility A Revolving Credit Note and the Facility B Term Note.

Appears in 1 contract

Samples: Loan Agreement (Iomega Corp)

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 Noteeach promissory note or other instrument required hereby.

Appears in 1 contract

Samples: Credit Agreement (Shoe Pavilion Inc)

Computation and Payment. Interest (and fees computed on a "per annum" ----------------------- 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 and the Term Note.

Appears in 1 contract

Samples: Loan Agreement (Stevens International Inc)

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, term Note and Promissory Note.

Appears in 1 contract

Samples: Loan Agreement (Futech Interactive Products Inc)

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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 1 contract

Samples: Credit Agreement (Bei Technologies Inc)

Computation and Payment. Interest (and fees computed on a "per annum" ----------------------- 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 places set forth in the Line of Credit Note.

Appears in 1 contract

Samples: Loan Agreement (Andataco Inc)

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