Determination of Interest Periods and Interest Rates. (a) The initial Interest Period applicable to the Borrowing shall commence on, and include, the date of the Borrowing and shall terminate on, and include, the day immediately prior to the next occurring Remittance Date. Each Rollover Interest Period shall commence on, and include, the Remittance Date following the last day of the immediately preceding Interest Period and shall terminate on, and include, the day immediately prior to the next occurring Remittance Date.
Appears in 4 contracts
Samples: Receivables Loan and Security Agreement and Waiver (LEAF Equipment Finance Fund 4, L.P.), Receivables Loan and Security Agreement and Waiver (LEAF Equipment Leasing Income Fund III, L.P.), Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.)
