Common use of Interest Computation and Payment Clause in Contracts

Interest Computation and Payment. The outstanding principal -------------------------------- balance of the Revolving Loans shall bear interest at the rates of interest set forth in the Revolving Note. Interest shall be computed on the basis of a 360- day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Revolving Note.

Interest Computation and Payment. The outstanding -------------------------------- principal -------------------------------- balance of the Revolving Loans shall bear interest at the rates of interest set forth in the Revolving Note. Interest shall be computed on the basis of a 360- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Revolving Note.