Interest Calculation Period definition

Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

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Interest Calculation Period means with respect to any period, the period from and including the most recent Interest Reset Date (or from and including the date of issue in the case of the first Interest Reset Date) to but excluding the next succeeding Interest Reset Date for which accrued interest is being calculated.

Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

Examples of Interest Calculation Period in a sentence

• Interest Amounts will be payable in arrear on each Interest Payment Date and will be calculated in respect of the immediately preceding Interest Calculation Period on the basis of the Day Count Fraction.

• If the Interest Basis is specified as Fixed Rate, unless an Interest Amount or a formula for its calculation is specified, the Interest Rate for each Interest Calculation Period will be the rate per annum specified as such.

• If “Linear Interpolation” is specified as applicable then the Calculation Agent will determine, based on Linear Interpolation, the Interest Rate for any specified Interest Calculation Period (or if no Interest Calculation Period is specified, each Interest Calculation Period not equal to the Specified Duration).

• For the avoidance of doubt, in the event reference is made to a loan at a floating interest rate, the Interest shall be calculated taking into account the interest rate/s applying during such Interest Calculation Period and as set forth in the Amortization Schedule.

• The amounts of Interest that have been calculated, as aforesaid, will be added to the balance of the Loan Principal or paid as follows (select one of the following): x Payment at the end of each Interest Calculation Period We undertake to pay the Interest in the Loan Currency in 5 installments at the end of each Interest Calculation Period.

More Definitions of Interest Calculation Period

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

Interest Calculation Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the next succeeding Interest Period End Date and each successive period beginning on (and including) an Interest Period End Date and ending on (but excluding) the next succeeding Interest Period End Date, provided that if the Securities are to be redeemed prior to the Scheduled Redemption Date and prior to an Interest Period End Date then the final Interest Calculation Period shall end on (but exclude) the early redemption date.

Interest Calculation Period means the period from but excluding, (i) in the case of the Asset Backed Loan to the First Trust, the Drawdown Date and (ii) in the case of the Second Trust, the Drawdown Date to the Second Trust, to and including, in each case, the initial Second Trust Payment Date, and thereafter means the respective periods from but excluding the immediately preceding Second Trust Payment Date to and including the following Second Trust Payment Date. In the event that: (i) the first or last Interest Calculation Period is longer than one calendar month, such Interest Calculation Period shall be deemed to be a period of 30 days plus the number of calendar days in excess of such calendar month; and (ii) the first or last Interest Calculation Period is shorter than one calendar month, such Interest Calculation Period shall be deemed to be a period of 30 days minus the number of calendar days short of such calendar month.

Interest Calculation Period means the respective calculation periods of the interest in relation to the Loan, which, for the first period, is the period from the Drawdown Date (inclusive) to the first Interest Payment Date (inclusive), and, for the second and subsequent periods, are the respective periods from the immediately preceding Interest Payment Date (inclusive) to the following Interest Payment Date (inclusive).

Interest Calculation Period means (a)(i) initially the period commencing on (and including) the first day of the Interest Calculation Period in effect as of the Amendment No. 1 Closing Date and ending on (and including) the last day of September 2020; and (ii) thereafter, each period beginning on (and including) the first (1st) day of each month and ending on (and including) the last day of such month, and (b) on and after the Facility Maturity Date, such other period (including a period of one (1) day) as shall be selected from time to time by the Administrative Agent.

Interest Calculation Period means, with respect to the first Interest Calculation Period, the period from but excluding, (i) in the case of the Asset Backed Loan Agreement to the First Trust, the Drawdown Date, and (ii) in the case of Asset Backed Loan Agreement to the Second Trust, the Drawdown Date to the Second Trust, to and including the initial Second Trust Payment Date, and thereafter means the respective periods from but excluding the immediately preceding Second Trust Payment Date to and including the following Second Trust Payment Date. In the event that either the first or last Interest Calculation Period is longer or shorter than a full month, calculations with respect to such periods will be based on a full month, plus/minus such additional/fewer days.

Interest Calculation Period means the period set out in item 5(d) of the Mortgage Form.