Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 36 contracts
Samples: Trust Agreement (DPL Inc), Indenture (Zions Institutional Capital Trust A), Indenture (Everest Re Capital Trust Iii)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.
Appears in 32 contracts
Samples: Silicon Valley Bancshares, Asbc Capital Ii, Lincoln National Corp
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 23 contracts
Samples: Indenture (FCB/Sc Capital Trust I), Jeffbanks Inc, Aici Capital Trust
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest Interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 15 contracts
Samples: Broad National Bancorporation, GCB Capital Trust, Sun Capital Trust
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 10 contracts
Samples: Trust Agreement (Usf&g Corp), Agreement (Usf&g Corp), Indenture (Citizens Banking Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 7 contracts
Samples: Indenture (Financial Institutions Inc), Indenture (Financial Institutions Inc), Indenture (CenterState Bank Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and and, with respect to any period less than a full calendar month, on the basis of the actual number of days elapsed during such period in any partial month in relation to the deemed 30 days of such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 5 contracts
Samples: Securities Indenture (Western Wireless Corp), Securities Indenture (Western Wireless Corp), Hartford Life Capital Iii
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-360- day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 4 contracts
Samples: Indenture (Banponce Trust Ii), Indenture (Bank of New York Co Inc), CSC Capital Iii
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 4 contracts
Samples: Indenture (Evans Capital Trust III), Indenture (Privatebancorp Capital Trust Iv), Indenture (Privatebancorp Capital Trust Iv)
Computation of Interest. Except as Unless otherwise specified as contemplated by Section 3.1 provided in a Board Resolution or supplemental indenture for Securities any series of any seriesSecurities, interest on the Securities shall be computed on the basis of each series a 360-day year of twelve 30-day months and interest on the Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 3 contracts
Samples: Indenture (Hallmark Financial Services Inc), Indenture (WSFS Financial Corp), Indenture (WSFS Financial Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 301 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such an interest period, and interest on the Securities of each series for a full interest period shall be computed by dividing the rate per annum thereon by the number of interest periods that together constitute a full twelve months.
Appears in 3 contracts
Samples: Indenture (Everest Re Capital Trust Iii), Indenture (Everest Re Group LTD), Everest Reinsurance Holdings Inc
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial period less than a full month in such any period, and interest . Interest on the Securities of each series for a full period shall be computed by dividing multiplying the rate per annum by a fraction, the numerator of which is the number of interest periods that together constitute a months in such full twelve monthsperiod and the denominator of which is 12.
Appears in 2 contracts
Samples: CCF Holding Co, Peoples Bancorp of North Carolina Inc
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and with respect to any period less than a full month, on the basis of the actual number of days elapsed in any partial month in during such period. For example, and the interest for a period running from the 15th day of one month to the 15th day of the next month would be calculated on the Securities basis of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsone 30-day month.
Appears in 2 contracts
Samples: Indenture (Tsakos Energy Navigation LTD), Payton Shipping Corp.
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 301 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Computation of Interest. Except as otherwise specified as ----------------------- contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any period shall be computed on the basis of a 360-day year of twelve 30-day months, and interest on the Securities of each series for any partial period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Samples: Commonwealth Bankshares Inc, Commonwealth Bankshares Inc
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, period and interest on the Securities of each series for a any full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any period shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 2 contracts
Samples: Hl&p Capital Trust Iv, Hl&p Capital Trust I
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, or any Tranche thereof, interest on the Securities of each series shall be computed on the basis of a three hundred sixty (360)-day year of twelve (12) thirty (30)-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day three hundred sixty (360)-day year of twelve 30-day (12) thirty (30)-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 2 contracts
Samples: Security Agreement and Fixture Filing (Aquila Inc), Aquila Inc
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-30- day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Samples: First Hawaiian Capital I
Computation of Interest. Except as otherwise specified ------------- ----------------------- as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.
Appears in 1 contract
Samples: Chittenden Capital Trust I
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for provided in or pursuant to this Indenture or in the Securities of any seriesSeries, interest on the Securities shall be computed on the basis of each series a 360-day year of twelve 30-day months and interest on the Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 1 contract
Samples: Indenture (Sterling Bancorp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months. SECTION 3.12.
Appears in 1 contract
Samples: Republic New York Capital Iv
Computation of Interest. Except as Unless otherwise specified as contemplated by Section 3.1 provided in a supplemental indenture for Securities any series of any seriesSecurities, interest on the Securities shall be computed on the basis of each series a 360-day year of twelve 30-day months and interest on the Securities for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 1 contract
Samples: Indenture (WSFS Financial Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the actual number of interest periods that together constitute days elapsed in a full twelve months30-day month.
Appears in 1 contract
Samples: Downey Financial Corp
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, or any Tranche thereof, interest on the Securities of each series for any partial period shall be computed on the basis of a three hundred sixty (360-) day year consisting of twelve (12) thirty (30-) day months and months, and, with respect to any period less than a full calendar month, on the basis of the actual number of days elapsed in any partial month in during such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such periodmonths, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Samples: Providian Financial Corp
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 herein, for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Samples: PNC Capital Trust F
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 herein, for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 37 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Samples: M&t Bank Corp