Common use of Computations of Interest Clause in Contracts

Computations of Interest. All computations of interest shall be based on a 360-day year for the actual number of days elapsed.

Appears in 6 contracts

Sources: Credit Agreement (Emeritus Corp\wa\), Credit Agreement (Mackie Designs Inc), Credit Agreement (Gargoyles Inc)

Computations of Interest. All computations of interest shall be based on a 360-–day year for the actual number of days elapsed.

Appears in 1 contract

Sources: Credit Agreement (Mackie Designs Inc)