When Interest Periods begin and end. (a) The first Interest Period for a Drawing begins on the Drawdown Date. (b) Each subsequent Interest Period begins on the day when the preceding Interest Period for the Drawing ends. (c) An Interest Period which would otherwise end on a day which is not a Business Day ends on the previous Business Day. (d) However, an Interest Period which would otherwise end after the Maturity Date ends on the Maturity Date.
Appears in 2 contracts
Samples: Loan Agreement (Santander Bancorp), Bridge Facility Agreement (Santander Bancorp)
When Interest Periods begin and end. (a) The first Interest Period for a Drawing begins on the Drawdown Date.
(b) Each subsequent Interest Period begins on the day when the preceding Interest Period for the Drawing ends.
(c) . 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).
(d) However, an Interest Period which would otherwise end after the Maturity Date ends on the Maturity Date.
Appears in 1 contract
Samples: Shareholder Term Loan Facility Agreement (PCCW LTD)
When Interest Periods begin and end. (a) The first Interest Period for a Drawing begins on the Drawdown DateDate and ends on the first 24th of the month to occur after that date.
(b) Each subsequent Interest Period begins on the day when the preceding Interest Period for the Drawing ends.
(c) An Interest Period which would otherwise end on a day which is not a Business Day ends on the previous Business Day.
(d) However, an Interest Period which would otherwise end after the Maturity Date ends on the Maturity Date.
Appears in 1 contract
