PEIX » Topics » Calculation of Interest

These excerpts taken from the PEIX 8-K filed May 19, 2008.
Calculation of Interest.  All interest calculations shall be on a basis of a three hundred and sixty (360)-day year for the actual days elapsed.  Interest paid for any partial month shall be prorated based on a thirty (30)-day month and the actual number of day elapsed.”
 
Calculation of Interest. All interest calculations shall be on a basis of a three hundred and sixty (360)-day year for the actual days elapsed. Interest paid for any partial month shall be prorated based on a thirty (30)-day month and the actual number of day elapsed.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
May 19, 2008
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