Compounding Period definition
Examples of Compounding Period in a sentence
Reset Dates: The first day of each Calculation Period or Compounding Period, if Compounding is applicable.
Interest shall be computed by Calculation Agent based on a year of 360 days and the actual number of days elapsed in each Compounding Period.
With respect to any Compounding Period for which the Applicable Floating Rate is determined by reference to LIBOR, promptly following the commencement of such Compounding Period, the Administrative Agent shall give written notice to Borrower of the Applicable Floating Rate.
The unpaid Loan Amount will bear interest from the date of advance at the Annual Interest Rate and compounded at the Compounding Period shown in this Loan Agreement, not in advance, both before and after each of maturity, default, judgment and demand.
With respect to any One-Month LIBOR Advance, interest shall be compounded on each Compounding Period End Date that is not an Interest Payment Date.