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Common use of Basis of Accrual Clause in Contracts

Basis of Accrual. Default interest shall accrue from day to day and shall be calculated on the basis of a year of 360 days consisting of 12 30-day months.

Appears in 9 contracts

Sources: Loan Agreement (Wimm Bill Dann Foods Ojsc), Loan Agreement (Open Joint Stock Co Vimpel Communications), Loan Agreement (Open Joint Stock Co Vimpel Communications)

Related Clauses

  • Basis of Agreement
  • Rate of Accrual
  • Basis of Computation
  • BASIS OF CONTRACT
  • Basis of Compensation

Parent Clauses

  • Calculations and Evidence of Debt
  • Miscellaneous
  • European Economic and Monetary Union
  • European Monetary Union
  • The Credits

Sub-Clauses

  • SAFE CONDITIONS
  • RAIN SUITS AND HATS
  • PAYROLL DEDUCTIONS
  • WHEN REMITTED
  • PAY FOR PHYSICALS
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