LIBO Interest Period

LIBO Interest Period. Means thirty (30) days, provided that if any LIBO Interest Period would otherwise expire on a day which is not a LIBO Rate Banking Day, the LIBO Interest Period shall be extended to the next succeeding LIBO Rate Banking Day except if the next succeeding LIBO Rate Banking Day occurs in the following calendar month, then the LIBO Interest Period shall expire on the immediately preceding LIBO Rate Banking Day.