Common use of Payment and Calculation Clause in Contracts

Payment and Calculation. Interest shall be payable quarterly in arrears by the twentieth (20th) day of the month following the end of each calendar quarter. Interest shall be calculated on the actual number of days the Loan is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.

Payment and Calculation. Interest shall be payable quarterly monthly in arrears by the twentieth (20th) day of the month following the end of each calendar quarter. Interest month, upon any prepayment and at maturity, and shall be calculated on the actual number of days the Loan is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.

Payment and Calculation. Interest The Borrower shall be payable quarterly pay interest monthly in arrears by the twentieth (20th) 20th day of the month following the end of each calendar quartermonth, upon any prepayment and at maturity. Interest shall be calculated on the actual number of days the Loan Loan, or any part thereof, is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.

Payment and Calculation. Interest The Borrower shall be payable quarterly pay interest monthly in arrears by the twentieth (20th) 20th day of the month following the end of each calendar quartermonth, upon any prepayment and at maturity. Interest shall be calculated on the actual number of days the Loan Loan, or any part thereof; is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.

Payment and Calculation. Interest The Borrower shall be payable quarterly pay interest monthly in arrears by the twentieth (20th) 20th day of the month following the end of each calendar quartermonth, upon any prepayment and at maturity. Interest shall be calculated on the actual number of days any part of the Loan is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.

Payment and Calculation. Interest shall be payable quarterly monthly in arrears by the twentieth (20th) 20th day of the month following the end of each calendar quarter. Interest month, upon any prepayment and at maturity, and shall be calculated on the actual number of days during the prior month the Loan is outstanding on the basis of a year consisting of 360 days. In calculating accrued interest, the date the advance under the Loan is made shall be included and the date any principal amount of the Loan is repaid or prepaid shall be excluded as to such amount.