Common use of Payment; Interest Computation Clause in Contracts

Payment; Interest Computation. (i) Interest on the Revolving Line is payable monthly in arrears on the last calendar day of each month and (ii) interest on the Growth Capital Term Loan Advances is payable in accordance with Section 2.1.2(b) above. Interest shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific 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 Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Payment; Interest Computation. (i) Interest on the Revolving Line is payable monthly in arrears on the last calendar first (1st) day of each calendar month and (ii) interest on the Growth Capital Term Loan Advances is payable in accordance with Section 2.1.2(b) above. Interest shall be computed on the basis of a year of three hundred sixty sixty-five (360365) day year days (or three hundred sixty-six (366) days in a leap year), and in each case shall be payable for the actual number of days elapsedelapsed (including the first (1st) day but excluding the last day). In computing interest, (i) all payments received after 12:00 p.m. Pacific 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 Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Payment; Interest Computation. (i) Interest on the Revolving Line is payable monthly in arrears on the last calendar day of each month and (ii) interest on the Growth Capital Term Loan Advances is payable in accordance with Section 2.1.2(b) above2.4(b). Interest shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed. In computing interest, (i1) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii1) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

Payment; Interest Computation. (i) Interest on the Revolving Line is payable monthly in arrears on the last calendar day Business Day of each month calendar quarter, commencing March 31, 2022 and (ii) interest on the Growth Capital Term Loan Advances is payable in accordance with Section 2.1.2(b) above. Interest Revolving Line Maturity Date, and shall be computed on the basis of a three hundred sixty (360) day year of 360 days, and in each case shall be payable for the actual number of days elapsedelapsed (including the first day but excluding the last day). In computing interest, (i) all payments received after 12:00 3:00 p.m. Pacific 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 Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.