Common use of Day count convention Clause in Contracts

Day count convention. Any interest or fee accruing under a Finance Document will accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) days.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Aleris Ohio Management, Inc.), Facility Agreement (Aleris Ohio Management, Inc.)

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Day count convention. Any interest interest, commission or fee accruing under a Finance Document will accrue from day to day and shall be is calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) daysdays (if such amount is denominated in US Dollars) or three hundred and sixty-five (365) days (if such amount is denominated in RMB).

Appears in 2 contracts

Samples: Term Loan Facility Agreement (Solar Power, Inc.), Term Loan Facility (Solar Power, Inc.)

Day count convention. Any interest interest, commission or fee accruing under a Finance Document will accrue from day to day and shall be is calculated on the basis of the actual number of days elapsed and a year of three hundred 365 days in respect of Sterling borrowings and sixty (360) days360 days in respect of US Dollars or Canadian Dollars or, in any case where the practice in the Relevant Interbank Market differs, in accordance with that market practice.

Appears in 2 contracts

Samples: Facilities Agreement (Inveresk Research Group LTD), Facilities Agreement (Inveresk Research Group Inc)

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Day count convention. Any interest interest, commission or fee accruing under a Finance Document will accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) days.

Appears in 2 contracts

Samples: Facility Agreement (Tiffany & Co), Loan Agreement (Tiffany & Co)

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