Common use of Computation Period Clause in Contracts

Computation Period. Except for the computation of the Maximum Lawful Rate which shall be undertaken on the basis of a 365 or 366‑day year, as the case may be, interest on the indebtedness evidenced by this Note shall be computed on the basis of a 360‑day year and shall accrue on the actual number of days any principal balance hereof is outstanding.

Computation Period. Except for the computation of the Maximum Lawful Rate which shall be undertaken on the basis of a 365 or 366‑day 366 day year, as the case may be, interest on the indebtedness evidenced by this Note shall be computed on the basis of a 360‑day 360 day year and shall accrue on the actual number of days any principal balance hereof is outstanding, including the date of disbursement but excluding the date of payment.

Computation Period. Except for the computation of the Maximum Lawful Rate which shall be undertaken on the basis of a 365 365- or 366‑day 366-day year, as the case may be, interest on the indebtedness evidenced by this Note shall be computed on the basis of a 360‑day 360-day year and shall accrue on the actual number of days any principal balance hereof is outstanding.

Computation Period. Except for the computation of the Maximum Lawful Rate Rate, which shall be undertaken on the basis of a 365 or 366‑day 366-day year, as the case may be, interest on the indebtedness evidenced by this Note shall be computed on the basis of a 360‑day 360-day year and shall accrue and compound on the actual number of days any principal balance hereof is outstandingan annual basis.

Computation Period. Except for the computation of the Maximum Lawful Rate which shall be undertaken on the basis of a 365 or 366‑day 366-day year, as the case may be, interest on the indebtedness evidenced by this Note shall be computed on the basis of a 360‑day 360-day year and shall accrue on the actual number of days any principal balance hereof is outstanding.