Common use of Interest Calculations and Payments Clause in Contracts

Interest Calculations and Payments. Unless otherwise stated, wherever in this Agreement reference is made to a rate of interest "PER ANNUM" or a similar expression is used, such interest will be calculated on the basis of a year of three hundred and sixty (360) days and the actual number of days elapsed in the period, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. All payments of interest to be made hereunder will be paid both before and after maturity and before and after default and/or judgment, if any, until payment thereof, and interest will accrue on overdue interest, if any.

Interest Calculations and Payments. Unless otherwise stated, ---------------------------------- wherever in this Agreement reference is made to a rate of interest "PER ANNUMper annum" or a similar expression is used, such interest will be calculated on the basis of a calendar year of three hundred and sixty (360) 365 days and or 366 days, as the actual number of days elapsed in the periodcase may be, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. All payments of interest to be made hereunder will be paid both before and after maturity and before and after default and/or judgment, if any, until payment thereof, and interest will accrue on overdue interest, if any.

Interest Calculations and Payments. Unless otherwise stated, wherever in this Agreement reference is made to a rate of interest "PER ANNUM" “per annum” or a similar expression is used, such interest will be calculated on the basis of a year of three hundred and sixty sixty-five (360365) days and the actual number of days elapsed in the period, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. All payments of interest to be made hereunder will be paid both before and after maturity and before and after default and/or judgment, if any, until payment thereof, and interest will accrue on overdue interest, if any.

Interest Calculations and Payments. Unless otherwise stated, ---------------------------------- wherever in this Agreement reference is made to a rate of interest "PER ANNUMper annum" or a similar expression is used, such interest will be calculated on the basis of a calendar year of three hundred and sixty (360) 365 days and or 366 days, as the actual number of days elapsed in the periodcase may be, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. All payments of interest to be made hereunder will be paid both before and after maturity and before and after default a Default, an Event of Default, and/or a judgment, if any, until payment thereof, and interest will accrue on overdue interest, if any.