Dollar Interest Period definition
Dollar Interest Period means, relative to any borrowing of a Dollar Loan, the period commencing on (and including) the last day of the preceding Dollar Interest Period (or in the case of the first Dollar Interest Period, the date on which the Loans are made) and ending on (but excluding) the numerically corresponding date three (3) months thereafter; provided, however, that:
Dollar Interest Period means as to any Dollar LIBOR Loan, the period commencing on and including the date such Dollar LIBOR Loan is made (or on the effective date of the U.S. Borrower's election to convert any Base Rate Loan to a Dollar LIBOR Loan in accordance with the provisions of this Agreement) and ending on and including the day which is 30, 60, 90 or 180 days thereafter, as selected by the U.S. Borrower in accordance with the provisions of this Agreement, and thereafter, each period commencing on the last day of the then preceding Interest Period for such Dollar LIBOR Loan and ending on and including the day which is 30, 60, 90 or 180 days thereafter, as selected by the U.S. Borrower, in accordance with the provisions of this Agreement; provided, however that:
Dollar Interest Period means a rate per annum equal to (a) the LIBOR Index Rate, if such rate can be determined and (b) if the LIBOR Index Rate cannot be determined, the quotient obtained (rounded upward, if necessary, to the next higher 1/16 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.
Examples of Dollar Interest Period in a sentence
Such interest shall be payable for each Euro- Dollar Interest Period on the last day thereof.
In addition, only a Sterling Interest Period may be selected for a Sterling LIBOR Loan and only a Dollar Interest Period may be selected for a Dollar LIBOR Loan, (B)no change from the LIBOR Rate to the Alternate Base Rate shall become effective on a day other than a Business Day and so long as NationsBank or the Lenders, as appropriate, receive any compensation payable pursuant to Section (D) INDEMNITY.
In addition, only a Sterling Interest Period may be selected for a Sterling LIBOR Loan and only a Dollar Interest Period may be selected for a Dollar LIBOR Loan.
More Definitions of Dollar Interest Period
Dollar Interest Period means the rate per annum at which deposits in dollars are offered to the Euro-Dollar Lending Office of the Bank in the London Interbank market at approximately 11:00 A.M. (London time) two Euro-Dollar Business Days before the first day of such Euro-Dollar Interest Period in an amount approximately equal to the principal amount of the Euro-Dollar Loan to which such Euro-Dollar Interest Period is to apply and for a period of time comparable to such Euro- Dollar Interest Period.
Dollar Interest Period means as to any Dollar LIBOR Loan, the period commencing on and including the date such Dollar LIBOR Loan is made (or on the effective date of the Borrower's election to convert any Base Rate Loan to a Dollar LIBOR Loan in accordance with the provisions of this Agreement) and ending on and including the day which is 30, 60, 90 or 180 days thereafter, as selected by the Borrower in accordance with the provisions of this Agreement, and thereafter, each period commencing on the last day of the then preceding Interest Period for such Dollar LIBOR Loan and ending on and including the day which is 30, 60, 90 or 180 days thereafter, as selected by the Borrower, in accordance with the provisions of this Agreement; provided, however that:
Dollar Interest Period means as to any Dollar LIBOR Loan, the period commencing on and including the date such Dollar LIBOR Loan is made (or on the effective date of the U.S. Borrower’s election to convert any Base Rate Loan to a Dollar LIBOR Loan in accordance with the provisions of this Agreement) and ending on and including the day which is one (1) month, two (2) months, three (3) months or six (6) months thereafter, as selected by the U.S. Borrower in accordance with the provisions of this Agreement, and thereafter, each period commencing on the last day of the then preceding Interest Period for such Dollar LIBOR Loan and ending on and including the day which is one (1) month, two (2) months, three (3) months or six (6) months thereafter, as selected by the U.S. Borrower, in accordance with the provisions of this Agreement; provided, however that:
Dollar Interest Period means a rate equal to the arithmetic average of the rates of interest per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) for deposits in U.S. dollars for a period equal to such Euro-Dollar Interest Period which appear on the display designated as Telerate Page 3750 on the Dow Jo▇▇▇ ▇elerate Service (or such other page as may replace Telerate Page 3750 on that service for the purpose of displaying London interbank offered rates of major banks) as of 11:00 A.M., London, England time, two (2) Euro-Dollar Business Days prior to the first day of such Euro-Dollar Interest Period, provided, however, that the LIBOR Index Rate shall not be calculated if fewer than two such offered rates appear on such Telerate Page 3750.