Common use of Interest Calculation Clause in Contracts

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated on the basis of a three hundred sixty (360) day year comprised of twelve (12) months of thirty (30) days each, except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on a three hundred sixty (360) day year.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated on the basis of a three hundred sixty (360) day year comprised composed of twelve (12) months of thirty (30) days each, each except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the such period for which the calculation is being made by a daily rate based on a three hundred sixty (360) said 360 day year.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated on the basis of a three hundred sixty (360) day year comprised consisting of twelve (12) months of thirty (30) days each, except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on a three hundred sixty (360) day yearmonths.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated for the period for which the calculation is being made on the basis of a thirty (30) day month and a three hundred sixty (360) day year comprised of twelve (12) months of thirty (30) days eachyear; provided, except however, that interest due and payable on the outstanding principal balance of the Loan for a period of less than a full any partial month shall be calculated by multiplying on the basis of the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on and a three hundred sixty (360) day year.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated on the basis of thirty (30) day months and a three hundred sixty (360) day year comprised of twelve (12) months of thirty (30) days eachexcept with respect to the initial Interest Accrual Period, except that interest due and payable for a period of less than a full month which shall be calculated by multiplying based on the actual number of days elapsed in the period for which the calculation is being made by a daily rate based made). The accrual period for calculating interest due on a three hundred sixty (360) day yeareach Monthly Payment Date shall be the applicable Interest Accrual Period.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated for each Interest Accrual Period on the basis of a three hundred sixty (360) day year comprised year, and Interest Accrual Periods consisting of twelve (12a) months of thirty (30) days eachduring the first Interest Accrual Period, except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on a three hundred sixty such Interest Accrual Period, and (360b) day yearduring all other Interest Accrual Periods, thirty (30) days.

Interest Calculation. Interest on the outstanding principal balance of the Loan shall be calculated on the basis of a three hundred sixty (360) -day year comprised composed of twelve (12) months of thirty (30) days each, except that interest due and payable for a period of less than a full month shall be calculated by multiplying the actual number of days elapsed in the period for which the calculation is being made by a daily rate based on a three hundred sixty (360) -day yearmonths.