Daily Interest. Interest shall be calculated on the daily principal -------------- balance based on the actual number of days elapsed in the interest payment period over a year of three hundred sixty (360) days. All payments which are due on a Saturday, Sunday or national bank holidays shall be deemed to be payable on the next bank business day.
Appears in 2 contracts
Sources: Loan Agreement (Westwood Corp/Nv/), Loan Agreement (Westwood Corp/Nv/)