Common use of Day count convention and interest calculation Clause in Contracts

Day count convention and interest calculation. (a) Any interest, commission or fee accruing under a Finance Document will accrue from day to day and the amount of any such interest, commission or fee is calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) days in the case of US Dollar-denominated Loans or, in any case where the practice in the Relevant Market differs, in accordance with that market practice, and (subject to paragraph (b) below) without rounding.

Day count convention and interest calculation. (a) Any interest, commission or fee accruing under a Finance Document will accrue from day to day and the amount of any such interest, commission or fee is calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) 360 days in the case of US Dollar-denominated Loans or, in any case where the practice in the Relevant Market differs, in accordance with that market practice, and (subject to paragraph (b) below) without rounding.

Day count convention and interest calculation. (a) Any interest, commission or fee accruing under a Finance Document will accrue from day to day and the amount of any such interest, commission or fee is calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) 360 days in the case of US Dollar-denominated Loans or, in any case where the practice in the Relevant Market differs, in accordance with that market practice, and (subject to paragraph (b) below) without rounding.. 108

Day count convention and interest calculation. (a) Any interest, commission or fee accruing under a Finance Document in respect of a Forward Rate Loan or a Compounded Rate Loan will accrue from day to day and the amount of any such interest, commission or fee is calculated calculated: (i) on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) 360 days in the case of US Dollar-denominated Loans or, in any case where the practice in the Relevant Market differs, in accordance with that market practice, ; and (ii) in case of a Compounded Rate Loan, subject to sub-paragraph (b) below) , without rounding.