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Common use of Day Count Fraction Clause in Contracts

Day Count Fraction. The rates of interest per annum payable on or in respect of the Loan are expressed on the basis of a 365 or 366 day year, as applicable.

Appears in 2 contracts

Sources: Securities Agreement (Liberty Silver Corp), Loan Agreement (Liberty Silver Corp)

Related Clauses

  • Day count convention
  • Business Day Convention
  • Determination of Pass-Through Rates for LIBOR Certificates
  • Floating Rate/Fixed Rate Notes
  • Interest Factor

Parent Clauses

  • Interest
  • Interest and Fee Calculations and Payments
  • Definitions
  • Currency
  • Loan Facility Limit

Sub-Clauses

  • Redemption at Maturity for Cash
  • Early Redemption at the Option of the Issuer for Reasons of Share Price
  • Repurchase
  • Further Issues
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