Full Interest Period definition
Full Interest Period means a period of days during which interest accrues from, and including, an Interest Payment Date to, but excluding, the next Interest Payment Date.
Examples of Full Interest Period in a sentence
Interest on the Debentures for any period other than a Full Interest Period will be calculated on the basis of the actual number of days elapsed during the period and a 365-day year.
Interest on the Notes for a Full Interest Period will be computed on the basis of a three hundred sixty (360)-day year comprised of twelve (12) thirty (30)-day months.
Interest on the Notes for any period other than a Full Interest Period will be computed on the basis of the actual number of days elapsed during the period and a three hundred sixty-five (365)-day year.
Interest on the Debentures for a Full Interest Period will be calculated on the basis of a 360-day period consisting of twelve 30-day months.