Index Interest Period definition

Index Interest Period means while the Series 2011B Bonds bear interest at the SIFMA Index Rate or the LIBOR Index Rate, the period from (and including) the Conversion Date or the date of issuance of the Series 2011B Bonds, as applicable, to (but excluding) the first Adjustment Date thereafter, and each subsequent period from (and including) the Adjustment Date to (but excluding) the immediately succeeding Adjustment Date (or, if sooner, to but excluding the Mandatory Purchase Date).
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Index Interest Period means (i) the period commencing on the Effective Date of this Twelfth Supplemental Indenture and ending on the last day of the month in which such Effective Date occurs and thereafter (ii) the period commencing on the first day of each calendar month and ending on the last day of such calendar month.
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Examples of Index Interest Period in a sentence

  • The Series 2011B Bonds shall be dated the date of their delivery, shall be issued in Authorized Denominations, and shall be numbered R-1 upward.” The second paragraph of Section 202 of the Forty-first Supplemental Indenture is hereby amended to read in its entirety as follows: “Commencing October 2, 2017 (the “Dated Date”), the Series 2011B Bonds shall bear interest at the LIBOR Index Rate, which for the first Index Interest Period shall be [REDACTED] per annum.

  • As to each Liquidity Facility Provider, Credit Facility Provider, Remarketing Agent, the Index Interest Period Holder and any other Person from time to time required to receive notice hereunder (excluding the Bondholders), such address as such Person shall have provided in writing to each of the Borrower, the Issuer and the Trustee, or, in each case, such other address or addresses as any such Person shall designate by notice actually received by the addressor.

  • The initial LIBOR Index Interest Period shall commence on June 29, 2017 and end on June 30, 2017, the initial LIBOR Index Rate is 1.28103% and was determined on the third New York Banking Day preceding June 29, 2017, the initial Interest Payment Date shall be August 1, 2017, and the Bonds shall be subject to mandatory tender for purchase on each Mandatory Indexed Put Date for the Bonds.

  • Thereafter, on each Interest Rate Determination Date during a Variable Rate Period, the Calculation Agent shall determine the LIBOR Index and the resulting Variable Rate for each subseries of Series 2021 Bonds to be effective for the next succeeding LIBOR Index Interest Period.

  • The Calculation Agent shall keep a written record of its method of determining the LIBOR Index and the resulting Variable Rate to be borne for each subseries of Series 2021 Bonds for each LIBOR Index Interest Period, and shall include such information as part of the invoice delivered to the Borrower each month for payment of interest due on the Series 2021 Bonds on each Interest Payment Date.

  • The initial LIBOR Index Interest Period shall commence on June 29, 2017 and end on July 2, 2017, the initial LIBOR Index Rate is 1.46103% and was determined on the third London Banking Day preceding June 29, 2017, the initial Interest Payment Date shall be August 1, 2017, and the Notes shall be subject to mandatory tender for purchase on each Mandatory Indexed Put Date for the Notes.

  • For the initial LIBOR Index Interest Period commencing on and including the Effective Date to but excluding the first day of the next succeeding LIBOR Index Interest Period, (a) the Variable Rate for the Series 2021A Bonds shall be a per annum rate equal to [ %.], (b) the Variable Rate for the Series 2021B Bonds shall be a per annum rate equal to [ %.] and (c) the Variable Rate for the Series 2021C Bonds shall be a per annum rate equal to [ %.].

Related to Index Interest Period

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

  • 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.

  • 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

  • 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, with respect to a LIBOR Advance, a period of one, two, three or six months, as selected in advance by the Borrower.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

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

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

  • Eurodollar Interest Period or "Interest Period" shall mean, with respect to a Eurodollar Loan, a period of one, two, three or six months commencing on a Business Day selected by the Borrowers pursuant to this Agreement. Such Eurodollar Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Eurodollar Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If a Eurodollar Interest Period would otherwise end on a day which is not a Business Day, such Eurodollar Interest Period shall end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Eurodollar Interest Period shall end on the immediately preceding Business Day.

  • 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.

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

  • 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.

  • 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:

  • 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.

  • LIBOR Period means, with respect to any LIBOR Loan, each period commencing on a LIBOR Business Day selected by Borrower pursuant to the Agreement and ending one, two or three months thereafter, as selected by Borrower's irrevocable notice to Agent as set forth in Section 1.5(e); provided, that the foregoing provision relating to LIBOR Periods is subject to the following:

  • 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 Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

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

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

  • 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.

  • Interest Periods means period(s) of one (1), three (3) or six (6) months selected by the Borrower or such longer period(s) as the Lenders may agree;

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one-sixteenth of one percent) for deposits in U.S. Dollars for delivery on the first day of and for a period equal to such Interest Period in an amount equal or comparable to the principal amount of the Eurodollar Loan scheduled to be made by each Lender as part of such Borrowing, which appears on the Applicable Telerate Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Initial Interest Period shall have the meaning set forth in Section 2.3.1.