Applicable Rate Period definition

Applicable Rate Period for each Draw shall mean the period commencing on the Settlement Date of a Draw and ending on the date ninety (90) days thereafter; provided that: (i) the Applicable Rate Period must commence on a Business Day; and (ii) the last day for the Applicable Rate Period and the actual number of days during the Applicable Rate Period shall be determined by the Bank using the practices of the London interbank market.

Applicable Rate Period has the meaning specified in the definition of “Applicable Rate.”

Applicable Rate Period for each Note shall mean the period commencing on the Settlement Date of a Note and ending on an Adjustment Date; provided that: (i) the Applicable Rate Period must commence on a Business Day; and (ii) the last day for the Applicable Rate Period and the actual number of days during the Applicable Rate Period shall be determined by the Tax- Exempt Lender for the Tax-Exempt Notes and by the Taxable Lender for the Taxable Notes using the practices of the London interbank market.

Examples of Applicable Rate Period in a sentence

• This is a Requested For Loan Disbursement in the principal amount of$, (which amount does not exceed the Maximum Principal Amount) on the Settlement Date of with an Applicable Rate Period of (1,3 or 6 months or 1 year) and a Maturity Date of .

• If the LIBOR rate is not available on any Adjustment Date for any reason, then the rate for the Applicable Rate Period will be determined by such alternate method as reasonably agreed to by the Purchaser and the City.

• If the LIBOR Rate is not available on any Adjustment Date for any reason, then the rate for the Applicable Rate Period will be determined by such alternate method as reasonably determined by the Tax-Exempt Lender for the Tax-Exempt Notes or the Taxable Lender for the Taxable Notes.

• If the LIBOR rate is not available on any Adjustment Date for any reason, then the ratefor the Applicable Rate Period will be determined by such alternate method as reasonably agreed to by the Purchaser and the City.

More Definitions of Applicable Rate Period

Applicable Rate Period has the meaning specified in the definition of “Applicable Rate.” “Appropriate Lender” means, at any time, with respect to Loans of any Class, the Lenders of such Class. “Approved Fund” means, with respect to any Lender, any Fund that is administered, advised or managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender. “Asset Sale Prepayment Percentage” means, (a) 100%, if the Borrower’s First Lien Net Leverage Ratio at the end of the immediately preceding fiscal year equals or exceeds the Closing Date First Lien Net Leverage Ratio less 0.50 to 1.00;