LIBOR Interest Period

LIBOR Interest Period. A period of one (1) month. The first day of the interest period must be a Business Day. The last day of the interest period and the actual number of days during the interest period will be determined by Lender using the practices of the London inter-bank market.

LIBOR Interest Period. In the case of a LIBOR Rate Loans: (i) initially, the period beginning on (and including) the Funding Date and ending on (but excluding) the day which numerically corresponds to such date one month thereafter (or, if such month has no numerically corresponding day, on the last Business Day of such month); (ii) thereafter, each period commencing on the last day of the next preceding LIBOR Interest Period applicable to such LIBOR Rate Loan and... ending one month thereafter; provided, however, that (a) if the Borrower has or may incur Hedging Obligations with the Bank in connection with the Loan, the LIBOR Interest Period shall be of the same duration as the relevant period set under the applicable Hedging Contract; (b) if such LIBOR Interest Period would otherwise end on a day which is not a Business Day, such LIBOR Interest Period shall end on the next following Business Day unless such day falls in the next calendar month, in which case such LIBOR Interest Period shall end on the first preceding Business Day; and (c) no LIBOR Interest Period may end later than the termination of this Agreement. View More

LIBOR Interest Period. Means the period commencing on the date an Advance bearing interest at the LIBOR Rate is made, continued, or converted and ending thirty, sixty, ninety, or 180 days thereafter, provided, however, that: (i) any such LIBOR Interest Period which would otherwise end on a day which is not a EuroBusiness Day shall be extended to the next succeeding EuroBusiness Day unless such EuroBusiness Day falls in another calendar month, in which case such Interest Period shall end on the next... preceding EuroBusiness Day; and (ii) any such LIBOR Interest Period which begins on the last EuroBusiness 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 EuroBusiness Day of a calendar month; and (iii) no LIBOR Interest Period shall be elected which would expire beyond the Final Maturity Date. View More

LIBOR Interest Period. With respect to any LIBOR Balance, a period commencing: (a) on any date upon which, pursuant to an Interest Notice, the principal amount of such LIBOR Balance begins to accrue interest at the LIBOR Base Rate, or (b) on the last day of the immediately preceding LIBOR Interest Period in the case of a rollover to a successive LIBOR Interest Period, and ending one month, two months or three months thereafter as Maker shall elect in accordance with the provisions hereof; provided, that: (i) any... LIBOR Interest Period which would otherwise end on a day which 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 LIBOR Interest Period shall end on the next preceding Business Day; and (ii) any LIBOR Interest Period which 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 LIBOR Interest Period) shall, subject to clauses (iii) below and (i) above, end on the last Business Day of a calendar month; and (iii) any LIBOR Interest Period which would otherwise end after December 31, 2010 shall end on December 31, 2010. View More

LIBOR Interest Period. With respect to any amount bearing interest at the Adjusted LIBOR Rate, a period of one (1) month, to the extent deposits with such maturities are available to the Bank, commencing on the first day of the month and ending on the last day of the month; provided, however, that (i) if the Loan is advanced on a day other than the first day of a month, then the Loan shall bear interest at the Adjusted LIBOR Rate in effect on the day the Loan is advanced, which rate shall be in effect for the... remaining days of the month in which the Loan is made; such Adjusted LIBOR Rate to be reset at the beginning of each succeeding month; (ii) all dates herein shall be subject to and adjusted in accordance with the Following Business Day Convention, as such term is defined below; and (iii) no Interest Period may extend beyond the Maturity Date View More