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 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)

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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 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 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 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)

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