Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 36 contracts
Sources: Junior Subordinated Indenture (Dime Capital Trust Ii), Junior Subordinated Indenture (Bb&t Capital Trust I), Junior Subordinated Indenture (Banponce Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.
Appears in 32 contracts
Sources: Junior Subordinated Indenture (Asbc Capital Ii), Junior Subordinated Indenture (Silicon Valley Bancshares), Junior Subordinated Indenture (Silicon Valley Bancshares)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 23 contracts
Sources: Junior Subordinated Indenture (Jeffbanks Inc), Junior Subordinated Indenture (First Empire Capital Trust I), Junior Subordinated Indenture (National Penn Bancshares Inc)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any period shall be computed on the basis of a 360- day year of twelve 30-day months and interest on the Securities of each series for any partial period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 11 contracts
Sources: Junior Subordinated Indenture (Chase Capital Iii), Senior Indenture (First American Financial Corp), Junior Subordinated Indenture (First Tennessee Capital Iv)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 10 contracts
Sources: Junior Subordinated Indenture (Pmi Group Inc), Junior Subordinated Indenture (Bankamerica Corp/De/), Trust Agreement (Usf&g Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 7 contracts
Sources: Indenture (Financial Institutions Inc), Indenture (Financial Institutions Inc), Indenture Agreement (CenterState Bank Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 301 for Securities of any series, or Tranche thereof, interest on the Securities of each series for any partial period shall be computed on the basis of a three hundred sixty (360-) day year consisting of twelve (12) thirty (30-) day months months, and with respect to any period less than a full month, on the basis of the actual number of days elapsed in any partial month in during such period. For example, and the interest for a period running from the 15th day of one month to the 15th day of the next month would be calculated on the Securities basis of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsone 30-day month.
Appears in 7 contracts
Sources: Indenture, Deed of Trust and Security Agreement (Entergy Texas, Inc.), Indenture (Txu Energy Co LLC), Indenture (For Unsecured Debt Securities) (Oncor Electric Delivery Co)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and and, with respect to any period less than a full calendar month, on the basis of the actual number of days elapsed during such period in any partial month in relation to the deemed 30 days of such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 5 contracts
Sources: Indenture (Western Wireless Corp), Subordinated Indenture (Nationwide Financial Services Inc/), Indenture (Western Wireless Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-360- day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 4 contracts
Sources: Junior Subordinated Indenture (CCC Capital Trust Ii), Junior Subordinated Indenture (Banponce Trust Ii), Junior Subordinated Indenture (Bank of New York Co Inc)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 4 contracts
Sources: Junior Subordinated Indenture (Evans Capital Trust III), Trust Agreement (Privatebancorp Capital Trust Iv), Junior Subordinated Indenture (Bridge Statutory Capital Trust I)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 301 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such an interest period, and interest on the Securities of each series for a full interest period shall be computed by dividing the rate per annum thereon by the number of interest periods that together constitute a full twelve months.
Appears in 3 contracts
Sources: Senior Indenture (Everest Re Capital Trust Iii), Senior Indenture (Everest Re Group LTD), Indenture (Everest Reinsurance Holdings Inc)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any period shall be computed on the basis of a 360-day year of twelve 30-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Hl&p Capital Trust I), Junior Subordinated Indenture (Hl&p Capital Trust Iv)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 301 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Everest Re Group LTD), Junior Subordinated Indenture (Everest Re Capital Trust Iii)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial period less than a full month in such any period, and interest . Interest on the Securities of each series for a full period shall be computed by dividing multiplying the rate per annum by a fraction, the numerator of which is the number of interest periods that together constitute a months in such full twelve monthsperiod and the denominator of which is 12.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Peoples Bancorp of North Carolina Inc), Junior Subordinated Indenture (CCF Holding Co)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any a partial month in such period, period and interest on the Securities of each series for a any full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Owens Corning Capital Ii), Junior Subordinated Indenture (Owens Corning Capital Ii)
Computation of Interest. Except as otherwise specified as ----------------------- contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any period shall be computed on the basis of a 360-day year of twelve 30-day months, and interest on the Securities of each series for any partial period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Commonwealth Bankshares Inc), Junior Subordinated Indenture (Commonwealth Bankshares Inc)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and with respect to any period less than a full month, on the basis of the actual number of days elapsed in any partial month in during such period. For example, and the interest for a period running from the 15th day of one month to the 15th day of the next month would be calculated on the Securities basis of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsone 30-day month.
Appears in 2 contracts
Sources: Indenture (Tsakos Energy Navigation LTD), Indenture (Payton Shipping Corp.)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest Interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Popular North America Capital Trust Iii), Junior Subordinated Indenture (Popular North America Capital Trust I)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 3.01 for Securities of any series, or any Tranche thereof, interest on the Securities of each series shall be computed on the basis of a three hundred sixty (360)-day year of twelve (12) thirty (30)-day months and interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day three hundred sixty (360)-day year of twelve 30-day (12) thirty (30)-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve monthsmonth.
Appears in 2 contracts
Sources: Bond Indenture, Mortgage, Deed of Trust, Security Agreement (Aquila Inc), Indenture of Mortgage and Deed of Trust (Aquila Inc)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the actual number of interest periods that together constitute days elapsed in a full twelve months30-day month.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Downey Financial Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-30- day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First Hawaiian Capital I)
Computation of Interest. Except as otherwise specified ------------- ----------------------- as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Chittenden Capital Trust I)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such periodmonths, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Providian Financial Corp)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the actual number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Downey Financial Capital Trust I)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 herein, for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Sources: Junior Subordinated Indenture (PNC Capital Trust F)
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 herein, for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 37 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full period shall be computed by dividing the rate per annum by the number of interest periods that together constitute a full twelve months.
Appears in 1 contract
Computation of Interest. Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in any partial month in such period, and interest on the Securities of each series for a full any partial period shall be computed by dividing on the rate per annum by basis of the number of interest periods that together constitute days elapsed in a full 360-day year of twelve 30-day months.. SECTION
Appears in 1 contract
Sources: Junior Subordinated Indenture (Republic New York Capital Iv)