LIBOR Interest Period Clause Samples
LIBOR Interest Period. As to LIBOR Rate Loans, a period of fourteen days, one month, two months, three months or six months, as selected by Borrower pursuant to the terms of this Agreement (including continuations and conversions thereof); provided however, (i) if any LIBOR Interest Period would end on a day which is not a Business Day, such LIBOR Interest Period shall be extended to the next succeeding Business Day (except that where the next succeeding Business Day falls in the next succeeding calendar month, then on the next preceding Business Day), (ii) no LIBOR Interest Period shall extend beyond the Revolving Credit Maturity Date, and (iii) any LIBOR Interest Period with respect to a LIBOR Rate Loan that 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 end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period.
LIBOR Interest Period. In the case of LIBOR Rate Loans:
LIBOR Interest Period. The term "LIBOR Interest Period" means, with respect to each particular LIBOR Portion of the Loan, a period of 1 month, as specified in the Rate Election applicable thereto, beginning on and including the date specified in a Rate Election (which must be a Business Day), and ending on but not including the same day of the month as the day on which it began or the last day of the month if shorter, provided that each LIBOR Interest Period which would otherwise end on a day which is not a Business Day shall end on the next succeeding Business Day (unless such next succeeding Business Day is the first Business Day of a calendar month, in which case such LIBOR Interest Period shall end on the immediately preceding Business Day). No LIBOR Interest Period may be elected which would extend past the date on which the Loan is due and payable.
LIBOR Interest Period. A period of one, two, three or six --------------------- months.
LIBOR Interest Period. 1.3(d) LIBOR Rate..........................................................................................1.3(d) LLC.................................................................................................