Common use of Computation and Payment Clause in Contracts

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 138 contracts

Sources: Credit Agreement (Tilly's, Inc.), Credit Agreement, Credit Agreement (Cray Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 17 contracts

Sources: Revolving Line of Credit Note (Ihop Corp), Credit Agreement (Ihop Corp), Credit Agreement (Expeditors International of Washington Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed, unless such calculation would result in a usurious rate, in which case interest shall be computed on the basis of a 365/366-day year, as the case may be, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 9 contracts

Sources: Credit Agreement (Sharps Compliance Corp), Credit Agreement (Wilhelmina International, Inc.), Credit Agreement (Us Home Systems Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Line of Credit Note or, as applicable, in the Letter of Credit Agreement.

Appears in 4 contracts

Sources: Credit Agreement (Lacrosse Footwear Inc), Credit Agreement (Lacrosse Footwear Inc), Credit Agreement (Lacrosse Footwear Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Term Note.

Appears in 3 contracts

Sources: Credit Agreement (Lindsay Corp), Credit Agreement (Lindsay Corp), Credit Agreement (Lindsay Manufacturing Co)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed, unless such calculation would result in a usurious rate, in which case interest shall be computed on the basis of a 365/366-day year, as the case may be, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 3 contracts

Sources: Credit Agreement (Tanox Inc), Credit Agreement (Allis Chalmers Corp), Credit Agreement (Enb Bankshares Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Note.

Appears in 2 contracts

Sources: Credit Agreement (Auto Graphics Inc), Loan Agreement (Coors John K)

Computation and Payment. Interest under the Note shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Note.

Appears in 2 contracts

Sources: Loan Agreement (Aqua Metals, Inc.), Loan Agreement (Aqua Metals, Inc.)

Computation and Payment. Interest shall be computed on the basis of a ----------------------- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Line of Credit Note.

Appears in 2 contracts

Sources: Revolving Line of Credit Agreement (Hughes B Wayne Et Al), Credit Agreement (Keith Companies Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, year and actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 2 contracts

Sources: Credit Agreement (Staar Surgical Company), Credit Agreement (Staar Surgical Company)

Computation and Payment. Interest and fees shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (American Reprographics CO)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Term Commitment Note.

Appears in 1 contract

Sources: Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.. 

Appears in 1 contract

Sources: Credit Agreement (Flexsteel Industries Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. , Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.,

Appears in 1 contract

Sources: Credit Agreement (Hypercom Corp)

Computation and Payment. Interest shall be computed on the basis of a ----------------------- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Notes.

Appears in 1 contract

Sources: Credit Agreement (Tier Technologies Inc)

Computation and Payment. Interest shall be computed on the basis of a ----------------------- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Term Commitment Note.

Appears in 1 contract

Sources: Credit Agreement (International Network Services)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest and principal shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Note.

Appears in 1 contract

Sources: Loan Agreement (Utah Medical Products Inc)

Computation and Payment. Interest shall be computed on the basis of a ------------------------- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Loan Agreement (Amrep Corp.)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each under this Agreement or any promissory note or other instrument or document required herebyexecuted in connection with related principal amounts outstanding under this Line of Credit.

Appears in 1 contract

Sources: Credit Agreement (Cree Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Loan Documents.

Appears in 1 contract

Sources: Credit Agreement (Intermec, Inc.)

Computation and Payment. Interest shall be computed on the basis of a 360-day -day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Line of Credit Note.

Appears in 1 contract

Sources: Credit Agreement (Nexstar Pharmaceuticals Inc)

Computation and Payment. Interest shall be computed on the basis of a ------------------------ 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Loan Agreement (Amrep Corp)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Loan Documents (as defined below).

Appears in 1 contract

Sources: Credit Agreement (Lacrosse Footwear Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory the note or other instrument or document required hereby.

Appears in 1 contract

Sources: Loan Agreement (Amrep Corp.)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note and each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Sturm Ruger & Co Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebythe Promissory Note.

Appears in 1 contract

Sources: Credit Agreement (Saba Software Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebySection 1.1(d).

Appears in 1 contract

Sources: Loan and Security Agreement (Ipg Photonics Corp)

Computation and Payment. Interest shall be computed on the basis of ----------------------- a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Hall Kinion & Associates Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in the Line of Credit Note or each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Horsehead Holding Corp)

Computation and Payment. Interest shall be computed on the basis of a ----------------------- 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Keystone Automotive Industries Inc)

Computation and Payment. Interest (and fees computed on a "per annum" ----------------------- basis) shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Shoe Pavilion Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note the Revolving Line of Credit Note, the Term Note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Mocon Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required herebyexecuted in connection herewith.

Appears in 1 contract

Sources: Credit Agreement (Pinnacle Data Systems Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place places set forth in each promissory note or other instrument or document required herebythe Line of Credit Note and the Term Note.

Appears in 1 contract

Sources: Credit Agreement (Datum Inc)

Computation and Payment. Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note the Revolving Note or other instrument or document required hereby.

Appears in 1 contract

Sources: Credit Agreement (Communications Systems Inc)