Common use of Computation of Interest Clause in Contracts

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION 311. CUSIP NUMBERS.

Appears in 26 contracts

Samples: Indenture (Capstone Capital Corp), Indenture (Pinnacle West Capital Corp), Indenture (Sun Microsystems Inc)

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Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 20 contracts

Samples: Indenture (Talk America), Indenture (Airtran Holdings Inc), Senior Indenture (Sempra Energy Holdings)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERSmonths and for any period shorter than a full month, on the basis of the actual number of days elapsed in such period.

Appears in 17 contracts

Samples: Indenture (Midamerican Energy Financing Ii), Indenture (Midamerican Energy Financing Ii), Trust Indenture (Duquesne Light Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION Section 311. CUSIP NUMBERSNumbers.

Appears in 10 contracts

Samples: Indenture (Psi Energy Inc), Indenture (Wisconsin Central Transportation Corp), Indenture (Impac Mortgage Holdings Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, or Tranche thereof, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. CUSIP NUMBERS, 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.

Appears in 9 contracts

Samples: Subordinated Indenture (Aep Capital Trust Iii), Indenture (Pp&l Resources Inc), Subordinated Indenture (Pp&l Capital Funding Trust I)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION Section 311. CUSIP NUMBERS.

Appears in 3 contracts

Samples: Indenture (Allegheny Energy Inc), Indenture (Maverick Tube Corporation), Indenture Agreement (Platinum Underwriters Holdings LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION 42 Section 311. CUSIP NUMBERS.

Appears in 2 contracts

Samples: Indenture (Eg&g Inc), Indenture (Eg&g Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section SECTION 301 for Securities of any series, (i) interest on the Securities of each series which bear interest at a fixed rate shall be computed on the basis of a 360-day year of twelve 30-day monthsmonths and (ii) interest on the Securities of each series which bear interest at a variable rate shall be computed on a basis of the actual number of days in an interest period divided by 360. SECTION Section 311. CUSIP NUMBERS.

Appears in 2 contracts

Samples: Indenture (Prime Group Realty Trust), Indenture (Prime Group Realty Trust)

Computation of Interest. Except as otherwise specified as contemplated by provided pursuant to Section 301 for Securities of any series301, interest on the Securities of each all series shall be computed on the basis of a 360-day year of twelve 30-day months. SECTION 311Section 313. CUSIP NUMBERSNumbers.

Appears in 2 contracts

Samples: Senior Indenture (Sinclair Television Co Ii Inc), Subordinated Indenture (Sinclair Television Co Ii Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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 (12) 30-day months. SECTION Section 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Senior Indenture (Maverick Tube Corporation)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION Section 311. CUSIP NUMBERS.Numbers. --------------

Appears in 1 contract

Samples: Indenture (Owens Corning)

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Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION - 26 - Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 1 contract

Samples: Indenture (Potomac Electric Power Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of comprising twelve 30-day months. SECTION 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Indenture (Pilgrims Pride Corp)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION -36- Section 311. CUSIP NUMBERS.Numbers. -------------

Appears in 1 contract

Samples: Indenture (Unova Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION Section 311. CUSIP NUMBERS.. The Company in issuing the Securities may use "CUSIP" numbers (if then generally in use), and if so, the Trustee shall use "CUSIP" numbers in notices of redemption as a

Appears in 1 contract

Samples: Senior Indenture (National City Corp)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 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. SECTION 40 Section 311. CUSIP NUMBERS.

Appears in 1 contract

Samples: Indenture (Eg&g Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of compressing twelve 30-day months. SECTION 311. CUSIP NUMBERSNumbers.

Appears in 1 contract

Samples: Indenture (Pennzoil Quaker State Co)

Computation of Interest. Except as otherwise specified as contemplated by Section 301 for with respect to Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. SECTION 311. 311 CUSIP NUMBERS.

Appears in 1 contract

Samples: Indenture (Pan Pacific Retail Properties Inc)

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