When Interest Periods begin and end. (a) An Interest Period for a Drawing begins:
When Interest Periods begin and end. (a) The first Interest Period for a Drawing begins on the Drawdown Date.
When Interest Periods begin and end. (a) An Interest Period for an Advance begins:
When Interest Periods begin and end. 3.2 The first Interest Period for a Loan begins on the date of Financial Close. Each subsequent Interest Period begins on the day when the preceding Interest Period for the Loan ends. An Interest Period which would otherwise end on a day which is not a Business Day ends on the next Business Day unless that next Business Day would fall in a new calendar month in which case the Interest Period ends on the immediately preceding Business Day and an Interest Period which would otherwise end after the Maturity Date ends on the Maturity Date.
When Interest Periods begin and end. The first Interest Period for a Loan Note begins on its Utilisation Date. Each subsequent Interest Period begins on the day when the preceding Interest Period for the Loan Note ends. An Interest Period which would otherwise end on a day which is not a Business Day ends on the next Business Day (unless that day falls in the following month, in which case the Interest Period ends on the previous Business Day). However, an Interest Period for Loan Notes issued under a Facility which would otherwise end after the Final Redemption Date for that Facility ends on the Final Redemption Date. ------------------------------------------------------------------------------- 5 Redemption and early redemption
When Interest Periods begin and end. Each Interest Period begins on the day when the preceding Interest Period for the Drawing ends. An Interest Period which would otherwise end on a day which is not a Business Day ends on the next Business Day (unless that day falls in the following month, in which case the Interest Period ends on the previous Business Day).
