Common use of Payment; Interest Computation Clause in Contracts

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next Business Day and (ii) the date of the making of any Loan shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 360365 or 366-day year year, as applicable, for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 12:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next following Business Day Day, and (ii) the date of the making of any Loan Credit Extension shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly quarterly in arrears on the first day of each Payment Date calendar quarter, commencing with the first such date to occur after the date that is eighteen months after the date of the Loan, and shall be computed on the basis of a 360365-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 5:00 p.m. Eastern Time time on any day shall be deemed received at the opening of business on the next Business Day and (ii) the date of the making of any Loan shall be included and the date of payment shall be excludedbusiness day.

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 1:00 p.m. Eastern Time Pacific time on any day shall be deemed received at the opening of business on the next Business Day Day, and (ii) the date of the making of any Loan Credit Extension shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on the first day of each Payment Date month and shall be computed on the basis of a 360365 or 366-day year year, as applicable, for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 12:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next following Business Day Day, and (ii) the date of the making of any Loan Credit Extension shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on each the Payment Date of the following month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next Business Day and (ii) the date of the making of any Loan shall be included and the date of payment shall be excluded.

Payment; Interest Computation. Interest is payable monthly in arrears on each Payment Date and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 4:00 p.m. Eastern Time on any day shall be deemed received at the opening of business on the next Business Day and (ii) the date of the making of any the Term Loan shall be included and the date of payment shall be excluded.