LA Interest Period

Example Definitions of "LA Interest Period"
LA Interest Period. Means, with respect to any LIBOR Advantage Loan, the period commencing on and including the date hereof (the "Start Date") and ending on but excluding the date which numerically corresponds to such date one month later, and thereafter, each one month period ending on the day of such month that numerically corresponds to the Start Date. If an LA Interest Period is to end in a month for which there is no day which numerically corresponds to the Start Date, the LA Interest Period will end on the... last day of such month. Notwithstanding the date of commencement of any LA Interest Period, interest shall only begin to accrue as of the Closing Date. View More
All Definitions