Common use of Determination of Interest Period Clause in Contracts

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers shall select an Interest Period for such LIBOR Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

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Determination of Interest Period. By giving notice as set forth in Section 2.12(a2.13(a), Borrowers the Borrower shall select an have the option of selecting a one or three month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative the Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vermont Transit Co Inc), Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers the Borrower shall select have the option of selecting an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Interests Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day date on which the next preceding Interest Period expires; (ii) if any Interest Period period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period 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, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period period which expires later than the date on which last day of the current term of this Agreement is scheduled to terminate pursuant to Section 3.4 hereofAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Garden Botanika Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a3.2(b), Borrowers the Parent, shall select an have the option, subject to the other provisions of this Section 3.3, to specify whether the Interest Period for such LIBOR Rate LoanLoan shall be a period of one, two, three or four months (or, if available, as determined by all of the Lenders, six or twelve months). The determination of the Interest Period Periods shall be subject to the following provisions: (i) in In the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires;. (ii) if If any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day;. (iii) if any No Borrower may select an Interest Period begins on the last Business Day of a monthfor any LIBOR Loan, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on expires later than the last Business Day of the calendar month at the end of such Interest Period; andTermination Date. (iv) Administrative Borrower may not select an There shall be no more than five (5) Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofPeriods in effect at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

Determination of Interest Period. By giving notice as set forth in Section SECTION 2.12(a), Borrowers Borrower shall select an have the option of selecting a one, two or three month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; providedPROVIDED, howeverHOWEVER, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which Renewal Date (or, in the event that the term of this Agreement is scheduled to terminate automatically renewed pursuant to Section 3.4 hereofSECTION 3.4, the next anniversary of the Renewal Date).

Appears in 1 contract

Samples: Loan and Security Agreement (Ultimate Electronics Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers the Borrower shall select an have the option of selecting a 1 month, 2 month, or 3 month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Dep Corp)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a2.13(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on 45 the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofRenewal Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Samuels Jewelers Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a2.13(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Determination of Interest Period. By giving notice as set forth in Section SECTION 2.12(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; providedPROVIDED, howeverHOWEVER, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Storage Technology Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a)paragraphs 2(b) and (d) the Borrower shall have the option, Borrowers shall select an Interest Period for such LIBOR Rate Loan. The determination subject to the other provisions of this paragraph 4, to specify the Interest Period shall be subject to the following provisionscommencing on any such date, provided, that: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day Day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day Day which is not a Business Banking Day, the that Interest Period shall be extended to expire on the next succeeding Business Banking Day; provided, however, that if any such Interest Period would otherwise expire on a Day which is not a Banking Day but is a Day of the next succeeding Business month after which no further Banking Day occurs in the following calendar that month, then such that Interest Period shall expire on the immediately next preceding Business Banking Day;; and (iii) if any Interest Period which begins on the last Business Banking Day of a month, calendar month (or on a day Day for which there is no numerically corresponding day Day in the calendar month at the end of such Interest Period, then the Interest Period ) shall end on the last Business Banking Day of the a calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofmonth.

Appears in 1 contract

Samples: Loan and Security Agreement (Sawtek Inc \Fl\)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar monthmouth, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Gi Joes Inc)

Determination of Interest Period. By giving notice as set forth in Section SECTION 2.12(a), Borrowers Borrower shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(aSECTION 2.12(A), Borrowers the Borrower shall select have the option of selecting an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Interests Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day date on which the next preceding Interest Period expires; (ii) if any Interest Period period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; providedPROVIDED, howeverHOWEVER, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative the Borrower may not select an Interest Period period which expires later than after the date on which last day of the then current term of this Agreement is scheduled to terminate pursuant to Section 3.4 hereofAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Telxon Corp)

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Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers the Borrower shall select an have the option of selecting a 1, 2 or 3 month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative the Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofRenewal Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Computron Software Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), the Borrowers shall select have the option of selecting an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Interests Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day date on which the next preceding Interest Period expires; (ii) if any Interest Period period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period 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, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower Borrowers may not select an Interest Period period which expires later than the date on which last day of the current term of this Agreement is scheduled to terminate pursuant to Section 3.4 hereofAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers Eurodollar Rate Advances shall select an only be available for Interest Period for such LIBOR Rate LoanPeriods of thirty (30) days. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire end on the immediately preceding last Business DayDay of the calendar month at the end of such Interest Period; (iii) if any Interest Period begins on the last Business Day of a month, month or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower Borrowers may not select request a Eurodollar Rate Advance with an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofapplicable Renewal Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista Eyecare Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers the Borrower shall select an have the option of selecting a 1 month, 2 month, or 3 month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative the Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Oneita Industries Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers Borrower shall select an have the option of selecting a 1 month, 2 month, or 3 month Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Discovery Zone Inc)

Determination of Interest Period. By giving notice as set -------------------------------- forth in Section 2.12(a2.13(a), Borrowers Borrower shall select an Interest Period for such LIBOR --------------- Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next ----------------- succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a2.14(a), Borrowers shall select an Interest Period for such LIBOR Eurodollar Rate Loan. The determination of the Interest Period shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire on the immediately preceding Business Day; (iii) if any Interest Period begins on the last Business Day of a month, or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower Borrowers may not select an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Determination of Interest Period. By giving notice as set forth in Section 2.12(a), Borrowers Eurodollar Rate Advances shall select an only be available for Interest Period for such LIBOR Rate LoanPeriods of ninety (90) days. The determination of the Interest Period Periods shall be subject to the following provisions: (i) in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day which is not a Business Day, the Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that if the next succeeding Business Day occurs in the following calendar month, then such Interest Period shall expire end on the immediately preceding last Business DayDay of the calendar month at the end of such Interest Period; (iii) if any Interest Period begins on the last Business Day of a month, month or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, then the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) Administrative Borrower may not select request a Eurodollar Rate Advance with an Interest Period which expires later than the date on which this Agreement is scheduled to terminate pursuant to Section 3.4 hereofapplicable Renewal Date.

Appears in 1 contract

Samples: Credit Agreement (Vista Eyecare Inc)

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