Common use of Computation of Interest Clause in Contracts

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 19 contracts

Sources: Indenture (Cybin Inc.), Indenture (Cybin Inc.), Indenture (Platinum Group Metals LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period. If the Canadian Trustee is appointed Paying Agent, it shall be entitled to rely on the calculations to be provided by the Company.

Appears in 14 contracts

Sources: Indenture (Profound Medical Corp.), Indenture (Electrovaya Inc.), Indenture (Colliers International Group Inc.)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 13 contracts

Sources: Indenture (Eldorado Gold Corp /Fi), Indenture (Curaleaf Holdings, Inc.), Indenture (Eldorado Gold Corp /Fi)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to 3.1 for Securities of any Securitiesseries, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the disclosure purposes of disclosure under the Interest Act (Canada), whenever in this Indenture or any Securities issued hereunder interest at a specified rate is to be calculated on the basis of a period less than a calendar year, the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") such rate is equivalent, equivalent is the such rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation relevant calendar year and divided by the number of days in such period.

Appears in 11 contracts

Sources: Indenture (Hydro One Holdings LTD), Indenture (Algonquin Power & Utilities Corp.), Indenture (Algonquin Power & Utilities Corp.)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 301 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 10 contracts

Sources: Indenture (New Gold Inc. /FI), Indenture (Field Trip Health Ltd.), Trust Indenture (Osisko Gold Royalties LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 301 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 8 contracts

Sources: Indenture (FSD Pharma Inc.), Indenture (Suncor Energy Inc), Indenture (Suncor Energy Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 3.1 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 5 contracts

Sources: Indenture (VIQ Solutions Inc.), Indenture (CI Financial Corp.), Indenture (North American Palladium LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Canadian Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Canadian Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period. If the Canadian Trustee is appointed Paying Agent, it shall be entitled to rely on the calculations to be provided by the Company.

Appears in 4 contracts

Sources: Indenture (Taseko Mines LTD), Indenture (Uranerz Energy Corp.), Indenture (Taseko Mines LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 3 contracts

Sources: Indenture (Four Seasons Hotels Inc), Indenture (Four Seasons Hotels Inc), Indenture (Vasogen Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 301 with respect to any Securities, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 3 contracts

Sources: Indenture (Nutrien Ltd.), Indenture (Nutrien Ltd.), Indenture (Agrium Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 301 with respect to Securities of any Securitiesseries, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 2 contracts

Sources: Indenture (Potash Corporation of Saskatchewan Inc), Indenture (Potash Corporation of Saskatchewan Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 301 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act INTEREST ACT (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation periodCALCULATION PERIOD") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 2 contracts

Sources: Indenture (Husky Energy Inc), Indenture (Husky Energy Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation periodCalculation Period") is equivalent, is the rate payable under a Security in respect of the calculation period Calculation Period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation periodCalculation Period.

Appears in 1 contract

Sources: Indenture (Energy Fuels Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 3.1 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 1 contract

Sources: Indenture (GREAT PANTHER MINING LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Canadian Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Canadian Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period. If the Canadian Co-Trustee is appointed Paying Agent, it shall be entitled to rely on the calculations to be provided by the Company.

Appears in 1 contract

Sources: Indenture (Taseko Mines LTD)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 1 contract

Sources: Indenture (Emera Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 ‎3.01 with respect to any Securities, interest (interest, if any) , on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 1 contract

Sources: Indenture (Emera Inc)

Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 with respect to any Securities2.01, interest (if any) on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. For the purposes of disclosure under the Interest Act (Canada), the yearly rate of interest to which interest calculated under a Security Securities for any period in any calendar year (the "calculation period") is equivalent, is the rate payable under a Security Securities in respect of the calculation period multiplied by a fraction the numerator of which is the actual number of days in such calendar year and the denominator of which is the actual number of days in the calculation period.

Appears in 1 contract

Sources: Indenture (Catamaran PBM of Illinois II, Inc.)