Common use of Interest Computations Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs

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. (iv)

Appears in 1 contract

Samples: Financing Agreement (Central Vermont Public Service Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.