Computations of Interest. All computations of interest on all Loans and Unreimbursed Drawings hereunder shall be made on the actual number of days elapsed over a year of 360 days.
Computations of Interest. All computations of interestComputation Period. Interest on allthe Loans and Unreimbursed Drawingsall other amounts payable by Borrower hereunder on a per annum basis shall be madecomputed on the basis of a 360-day year and the actual number of days elapsed over(including the first day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of 360 days. days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included
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