Common use of Calculation of interest Clause in Contracts

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred and sixty (360) days.

Appears in 12 contracts

Sources: First Amendment to Fifth Amended and Restated Credit and Security Agreement (Smithfield Foods Inc), Master Receivables Purchase Agreement (Smithfield Foods Inc), Master Receivables Purchase Agreement (Smithfield Foods Inc)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are Interest shall be calculated on the basis of a year of three hundred and sixty (360) daysdays per year factor applied to the actual days on which there exists an unpaid balance hereunder.

Appears in 5 contracts

Sources: Loan and Security Agreement (Halifax Corp), Promissory Note (Avatech Solutions Inc), Loan and Security Agreement (Accom Inc)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred 360 days and sixty (360) daysactual days elapsed.

Appears in 2 contracts

Sources: Omnibus Amendment (CHS Inc), Sale and Contribution Agreement (CHS Inc)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred and sixty (360) days.. (g)

Appears in 2 contracts

Sources: Master Receivables Purchase Agreement (Hanesbrands Inc.), Master Receivables Purchase Agreement (Hanesbrands Inc.)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are Interest shall be calculated on the basis of a year of three hundred and sixty (360) daysdays and charged upon the actual number of days elapsed.

Appears in 1 contract

Sources: Inventory Loan and Security Agreement (Diamond Resorts Corp)

Calculation of interest. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred and sixty (360) days.. (h)

Appears in 1 contract

Sources: Receivables Purchase Agreement (Super Micro Computer, Inc.)