Common use of Basis of Computation Clause in Contracts

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 58 contracts

Sources: Purchase and Sale Agreement (Oncor Electric Delivery Co LLC), Purchase and Sale Agreement (Dayforce, Inc.), Assignment and Acceptance Agreement and Amendment (United Rentals North America Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365- or 366-day year, as the case may be.

Appears in 22 contracts

Sources: Receivables Sale Agreement (Sinclair Broadcast Group, LLC), Receivables Sale Agreement (Gray Television Inc), Purchase and Sale Agreement (Applied Industrial Technologies Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365- or 366-day year.

Appears in 12 contracts

Sources: Purchase and Sale Agreement (Triumph Group Inc), Purchase and Sale Agreement (Triumph Group Inc), Sale and Contribution Agreement (Alliance Resource Partners Lp)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day yearyear and actual days elapsed.

Appears in 4 contracts

Sources: Joinder Agreement (Davey Tree Expert Co), Subordinated Note (Davey Tree Expert Co), Receivables Sale and Contribution Agreement (DCP Midstream, LP)

Basis of Computation. Interest accrued hereunder shall be -------------------- computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Mail Well Inc), Sale Agreement (Exide Corp)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day yearyear consisting of 360 days.

Appears in 2 contracts

Sources: Loan Agreement (Tower Tech Inc), Secured Credit Agreement (International Aircraft Investors)

Basis of Computation. Interest accrued hereunder shall -------------------- be computed for the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Dixie Group Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365 or 366-day year, as the case may be.

Appears in 1 contract

Sources: Sale and Contribution Agreement (Phillips 66)

Basis of Computation. Interest accrued hereunder shall be computed -------------------- for the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Alliance Laundry Holdings LLC)

Basis of Computation. Interest accrued hereunder shall be computed for -------------------- the actual number of days elapsed on the basis of a 360-day year.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360365-day year.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Basis of Computation. Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-360 day yearyear and actual days elapsed.

Appears in 1 contract

Sources: Subordinated Note (Hunt J B Transport Services Inc)