Facility Interest Period definition

Facility Interest Period. Provisions “Interest Period” “Interest Period” “Interest Period” “Interest Period”
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Facility Interest Period means each Interest Period currently selected (as at the date of this Agreement) in respect of each outstanding Advance under Facility AG.
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Facility Interest Period means each Interest Period currently selected (as at the date of this Agreement) in respect of each outstanding Advance under Facility T and Facility X, and each being (for the avoidance of doubt) of identical duration and commencing and ending on identical dates.
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Examples of Facility Interest Period in a sentence

  • The attacker claims to be the victim’s neigh- bour that was infected with COVID-19.

  • Any such automatic conversion to Term B Facility Base Rate Loans shall be effective as of the last day of the Term B Facility Interest Period then in effect with respect to the applicable Term B Facility Term SOFR Loans.

  • Proposed Utilisation Date: [●] (or, if that is not a Business Day, the next Business Day) Amount: [●] or, if less, the Available Facility Interest Period for the first AdvanceTranche C: First Interest Period from the Utilisation Date until the 12th of July 2023 and thereafter every 3 Months.

  • The undersigned hereby requests (select one)1: Indicate:Borrowing,Conversion or Continuation Indicate:Borrower Name Indicate:Requested Amount Indicate:Affected Facility Term SOFR LoanorAffected Facility Base Rate Loan For Affected Facility Term SOFR Loans Indicate: Affected Facility Interest Period (e.g., 1 or 3 month interest period) The Borrowing, if any, requested herein complies with the requirements set forth in the Credit Agreement.

  • If a Borrower requests a Borrowing of, conversion to, or continuation of Affected Facility Term SOFR Loans in any such Affected Facility Committed Loan Notice, but fails to specify an Affected Facility Interest Period, it will be deemed to have specified an Affected Facility Interest Period of one month.

  • In relation to each Liquidity Loan or Unpaid Sum, interest shall accrue and billing shall occur on a daily basis on each day of each Liquidity Facility Interest Period relating to that Liquidity Loan on the outstanding principal amount in respect of such Liquidity Loan or (if applicable) any Unpaid Sum as at the end of the relevant day, other than the last day of such Liquidity Facility Interest Period.

  • Any Alternate Base Rate applied pursuant to this Section 3.02(b) (Loan Interest; Market Disruption with respect to IDB Invest Loan and China Fund Loan Interest) shall cease to be used in place of LIBOR for any IDB Invest Facility Interest Period that begins after IDB Invest notifies the Borrower that the IDB Invest Loan and China Fund Loan Market Disruption Event no longer exists.

  • Any such automatic conversion to Affected Facility Base Rate Loans shall be effective as of the last day of the Affected Facility Interest Period then in effect with respect to the applicable Affected Facility Term SOFR Loans.

  • All references to the term "Tranche C" in the definitions of "Aggregate Exposure", "Commitment", "Facility", "Interest Period", "Majority Facility Lenders", "Required Lenders", "Tranche C Term Lender" and "Tranche C Term Percentage" are hereby deleted in their entirety and replaced with the term "Tranche D" and, to the extent necessary, shall be moved to the appropriate alphabetical order.

  • We wish to borrow a Loan on the following terms: Proposed Utilisation Date: [•] or, if that is not a Business Day, the next Business Day) Currency of Loan: [•] * Amount: [•] or, if less, the Available Facility Interest Period: [•].


More Definitions of Facility Interest Period

Facility Interest Period means each interest period for any Existing Facility determined in accordance with paragraph (b) of Section 15.6 (Harmonization of Interest Periods).
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Related to Facility Interest Period

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • LIBOR Interest Period means, as to any advance to which the LIBOR Option applies, the period of one (1), two (2), three (3) or six (6) months as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, commencing on the date of disbursement of an advance (or the date of conversion of an advance to the LIBOR Option, as the case may be) and each successive period selected by the Borrower thereafter; provided that, (i) if a LIBOR Interest Period would end on a day which is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the LIBOR Interest Period shall end on the next preceding Business Day, (ii) the Borrower may not select a LIBOR Interest Period that would end on a day after the Expiration Date, and (iii) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or a day for which there is no numerically corresponding day in the last calendar month of such LIBOR Interest Period) shall end on the last Business Day of the last calendar month of such LIBOR Interest Period.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Applicable Interest Period for each Credit Facility has the meaning specified for that Credit Facility in the Credit Facility Schedule; provided, however, that, at any time that the Applicable Prime Rate is the Applicable Index Rate, Applicable Interest Period shall mean the period commencing as of the most recent Applicable Interest Rate Determination Date and continuing until the next Applicable Interest Rate Determination Date or such earlier date as the Applicable Prime Rate shall no longer be the Applicable Index Rate; and provided, further, that, at any time the Libor Rate Index is adjusted as set forth in the definition thereof, or re-implemented following invocation of the Applicable Prime Rate as permitted herein, the Applicable Interest Period shall mean the period commencing as of such adjustment or re-implementation and continuing until the next Applicable Interest Rate Determination Date, if any.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that:

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Interest Periods means period(s) of three (3) or six (6) months as selected by the Borrowers, or as otherwise agreed by the Lenders and the Borrowers;

  • Interest Percentage With respect to any Class of Certificates and any Distribution Date, the ratio (expressed as a decimal carried to six places) of the Accrued Certificate Interest for such Class to the sum of the Accrued Certificate Interest for all Classes, in each case with respect to such Distribution Date, without regard to Relief Act Interest Shortfalls.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.