Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
Appears in 55 contracts
Samples: Business Loan Agreement (Remedytemp Inc), Business Loan Agreement (Gardenburger Inc), Business Loan Agreement (Farr Co)
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-360 day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Notwithstanding the foregoing, interest at the Maximum Rate will always be computed on the basis of a 365-day year and the actual number of days elapsed.
Appears in 6 contracts
Samples: Loan Agreement (Fresh America Corp), Business Loan Agreement (Powell Industries Inc), Business Loan Agreement (Temtex Industries Inc)
Interest Calculation. Except as otherwise stated in this Agreement, all All interest and fees, if any, fees under this Agreement will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
Appears in 3 contracts
Samples: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360365-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
Appears in 2 contracts
Samples: Business Loan Agreement (Travis International Inc), Business Loan Agreement (Travis International Inc)
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
Appears in 2 contracts
Samples: Loan Agreement (Aerosonic Corp /De/), Business Loan Agreement (Crop Growers Corp)
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360360 day year and the actual number of days elapsed. Notwithstanding the foregoing, interest at the Maximum Rate will always be computed on the basis of a 365-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
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Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-365 day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.
Appears in 1 contract
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-365- day year is used.
Appears in 1 contract
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.interest
Appears in 1 contract
Interest Calculation. Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-360 day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used.. -------------------------------------------------------------------------------- -2-
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