Interest Period

Example Definitions of "Interest Period"
Interest Period. Means the period commencing on the date of the initial borrowing under the Note (or the continuation of any prior interest period) and ending on the date three months thereafter; provided that: (i) any Interest Period that would otherwise end on a day that is not a business day shall be extended to the next succeeding business day unless such business day falls in another calendar month, in which case such Interest Period shall end on the next preceding business day; (ii) any Interest Period... that begins on the last business day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iii) no Interest Period shall extend beyond the Maturity Date. View More
Interest Period. Means Means, the period commencing on the date of the initial borrowing under the Note (or the continuation of any prior interest period) applicable advance made to Borrower and ending on the date three months thereafter; numerically corresponding day in the calendar month that is one month thereafter (in each case, subject to the availability thereof); provided that: that (i) any if the Interest Period that would otherwise end on a day that is not other than a business day Business Day, such... Interest Period shall be extended to the next succeeding business day Business Day unless such business day falls next succeeding Business Day would fall in another the next calendar month, in which case such Interest Period shall end on the next preceding business day; Business Day, (ii) any Interest Period that begins commences on the last business day Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month at the end of such Interest Period) shall end on the last Business Day of the last calendar month at the end of such Interest Period; Period, and (iii) no Interest Period shall extend beyond the Maturity Date. View More
Interest Period. Means As to each LIBOR Rate Loan (other than any LIBOR Rate Loan bearing interest at the Adjusted Daily Reset LIBOR Rate), the period commencing on the date of the initial borrowing under the Note (or the continuation of any prior interest period) such LIBOR Rate Loan is disbursed or converted to or continued as a LIBOR Rate Loan and ending on the date one, three or six months thereafter; thereafter, as selected by the Borrower in a written notice to Agent; provided that: (i) any Interest... Period that would otherwise end on a day that is not a business day Business Day shall be extended to the next succeeding business day Business Day unless such business day Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding business day; Business Day; (ii) any Interest Period that begins on the last business day Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iii) no Interest Period shall extend beyond the Maturity Date. View More
Interest Period. Means As to each LIBOR Loan, the period commencing on the date of the initial borrowing under the Note (or the continuation of any prior interest period) such LIBOR Loan is disbursed or converted to or continued as a LIBOR Loan and ending on the date one, two, three or six months thereafter; thereafter, as selected by Borrower in its related Loan Notice; provided that: (i) (a) any Interest Period that would otherwise end on a day that is not a business day Business Day shall be extended to the... next succeeding business day Business Day unless such business day Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding business day; (ii) Business Day; (b) any Interest Period that begins on the last business day Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iii) (c) no Interest Period for any Revolving Credit Loan shall extend beyond the Revolving Credit Maturity Date. Date View More
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Interest Period. Means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, two, three or six months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any... Interest Period which would otherwise end on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. View More
Interest Period. Means with With respect to funds bearing interest at a rate based on Term SOFR, any 1, 3, or 6 months; provided, that any such tenor shall not be available to the LIBOR Rate, any calendar period of one, two, three extent that Bank has deemed such tenor to be unavailable, undeterminable or six months. non-representative. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day... in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise end on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of falls in a new calendar month, in which event such Interest Period shall end on the next preceding Business Day. Day View More
Interest Period. Means with With respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, two, one (1) month, two (2) months, three (3) months, four (4) months, five (5) months, six (6) months, nine (9) months or six twelve (12) months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such... numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise end on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. View More
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Interest Period. Means, in relation to a Senior Facility H Loan, each period determined in accordance with Clause 9 (Interest Periods).
Interest Period. Means, in In relation to a Senior Facility H E Loan, each period determined in accordance with Clause 9 (Interest Periods).
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Interest Period. Shall mean, with respect to any LIBOR Rate Loan, the period commencing on the Draw Date or Continuation Date for such LIBOR Rate Loan and ending on the date that shall be the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) of the calendar month that is one (1), three (3) or six (6) months after the commencement of such period, in accordance with Borrower's election made pursuant to the terms of this Note; provided, however, that if an Interest... Period would end on a day that is not a Joint Business Day, such Interest Period shall be extended to the next succeeding Joint Business Day, unless such next succeeding Joint Business Day would fall in the next calendar month, in which case such Interest Period shall end on the immediately preceding Joint Business Day. To the extent that the preceding clause results in either the extension or shortening of an Interest Period for a particular Loan, the Bank shall have the right (but not the obligation) to shorten or extend, respectively, the succeeding Interest Period so that it shall end on a day that numerically corresponds to the Draw Date for such Loan. View More
Interest Period. (i) the period from the date hereof through the first day thereafter that is the 5th day of a calendar month and (ii) each period thereafter from the 6th day of each calendar month through the 5th day of the following calendar month; except that the Interest Period, if any, that would otherwise commence before and end after the Maturity Date shall end on the Maturity Date. Notwithstanding the foregoing, if Payee exercises its right to change the Payment Date to a New Payment Date in accordance... with Section 2.2.4 of the Loan Agreement, then from and after such election, each Interest Period shall be the period from the New Payment Date in each calendar month through the day in the next succeeding calendar month immediately preceding the New Payment Date in such calendar month. View More
Interest Period. The Current Interest Period
Interest Period. (a) initially, the period commencing on May 31, 2012 and ending one (1) or three (3) months thereafter, as selected by Borrower; and (b) each Interest Period thereafter shall commence on the day immediately following the expiration of the preceding Interest Period and shall end one (1) or three (3) months thereafter, as selected by Borrower, by irrevocable written notice to Bank before 12:00 p.m., New York time, not less than two (2) Business Days prior to the last day of the then current... Interest Period; (c) provided, however, that all of the foregoing provisions relating to Interest Periods are subject to the following: (i) if any Interest Period would otherwise end on a day which is not a Business Day, the Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day; and (ii) if Borrower shall fail to give notice as provided in clause (b) above, Borrower shall, in Bank's sole discretion and determination, be deemed to have requested that the Loan be continued for a successive Interest Period, the term of which shall be one (1) month; and (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and (iv) notwithstanding anything to the contrary, no Interest Period may be selected that would end on a day after the Maturity Date View More
Interest Period. By adding the following parenthetical after the word "thereafter" in the third line thereof: "(or, with the consent of each Lender, such other period as the Lenders and the Borrower shall mutually agree upon)"
Interest Period. The period commencing on the first Business Day of each calendar month and ending on the day immediately preceding the first Business Day of the succeeding calendar month
Interest Period. With respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months
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