Common use of Interest Act Clause in Contracts

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) day year or any other period of time less than a calendar year) are equivalent to the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) or such other period of time, respectively.

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) 360 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or such other period of time, respectively.

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) day year 360 days or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or such other period of time, respectively.

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents Note (and stated herein or therein, as applicable, applicable to be computed on the basis of a three hundred sixty (360) 365 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 365 or such other period of time, respectively.

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided for in this Agreement and the other Loan Credit Documents (and stated herein or therein, as applicable, to be computed on the basis of a three hundred sixty (360) 360 day year or any other period of time less than a calendar year) are equivalent to are the rates so determined provided for multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) 360 or the actual number of days in such other period of time, respectively.

Interest Act. (Canada). For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or and therein, as applicable, to be computed on the basis of a year having three hundred sixty (360) day year days or any other period of time less than a calendar year) are equivalent to are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three hundred sixty (360) or such other period of time, respectively.