CD Interest Period definition
Examples of CD Interest Period in a sentence
The initial CD Interest Period applicable to the Pledged CDs in connection with the notice of delivery of Pledged CD will be indicated on the form attached as Schedule A hereto.
The Borrowers shall give a Notice to the Agent of each proposed CD Loan Borrowing, not less than four (4) Domestic Business Days prior to the proposed Borrowing Date, specifying the aggregate principal amount of CD Loans the Borrowers then desire the Banks to make, the proposed Borrowing Date and Maturity Date (which dates shall be CD Business Days) and the duration of the initial CD Interest Period with respect thereto.
Any purchase of CD Loans or Eurodollar Loans by non-Affected Banks or Replacement Lenders shall take place only on the last day of the relevant CD Interest Period or Eurodollar Interest Period (except, in the case of Eurodollar Loans, as otherwise required by Section 2.4).
Each CD-Based Rate shall remain in effect, subject to the provisions hereof, for the entire CD Interest Period until redetermined for the next successive period.
Interest based on the CD Rate Option will be fixed for periods of N/A (each a "CD Interest Period").