Day Count Fraction. If interest is to be calculated for a period of less than one year, it shall be calculated on the basis of the actual number of days elapsed, divided by 365 (or, if any portion of that period falls in a leap year, the sum of (i) the actual number of days in that period falling in a leap year divided by 366 and (ii) the actual number of days in that period falling in a non-leap year divided by 365).
Appears in 1 contract
Sources: Deposit Agreement (Qimonda AG)
Day Count Fraction. If interest is to be calculated Interest for a period of less than one year, it shall full year will be calculated on the basis of the actual number of days elapsedlapsed, divided di- vided by 365 (or, if any portion of that period falls in a leap year, the sum of (i) the actual number of days (365 or 366) in that period falling in a leap year divided by 366 and (ii) the actual number of days in that period falling in a non-leap year divided by 365)respective year.
Appears in 1 contract
Sources: Loan Agreement (Sonoco Products Co)
Day Count Fraction. If interest is required to be calculated for a period of less than one full year, it shall such interest will be calculated on the basis of the actual number of days elapsed, divided by 365 (or, if any portion of that period falls in a leap year, the sum of (i) the actual number of days (365 or 366) in that period falling in a leap the respective interest year divided by 366 and (ii) the actual number of days in that period falling in a non-leap year divided by 365“Day Count Fraction”).
Appears in 1 contract