Interest Computations. All computations of interest on Loans hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of 360 days.
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Samples: Credit Agreement, Credit Agreement
Interest Computations. All computations of interest on Loans hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of (x) in the case of Base Rate Loans, 365 days (or 366 days in a leap year), and (y) in the case of LIBO Loans, 360 days, in each case for the actual days elapsed.
Appears in 1 contract
Samples: Financing Agreement (Central Vermont Public Service Corp)
Interest Computations. All computations of interest on Loans the Term Loan hereunder shall include the first day but exclude the last day of the period for which such interest is payable and shall be based upon a year of 360 days.
Appears in 1 contract
Samples: Loan Agreement (Solarcity Corp)
Interest Computations. All computations of interest on Loans the Term Loan hereunder shall include the first day each immediately preceding Quarterly Date but exclude the last day of the period for Quarterly Date on which such interest payment is payable being made and shall be based upon a year of 360 days365 days (or 366 days in a leap year) for the actual days elapsed.
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