INTEREST PERIOD shall definition

INTEREST PERIOD shall mean shall mean the period commencing on the Effective Date and ending on the numerically corresponding day each six (6) calendar months thereafter, except that each Interest Period which commences on the last Business Day of a calendar month (or on any day for which there is no numerically corresponding day in the appropriate subsequent calendar month) shall end on the last Business Day of the appropriate subsequent calendar month.

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INTEREST PERIOD shall mean: (a) with respect to an initial request by the Borrower for a LIBOR Loan or the conversion of a Chase Bank Rate Loan to a LIBOR Loan, at the option of the Borrower a one-month, two-month or three-month period commencing on the borrowing or conversion date with respect to such LIBOR Loan and ending one, two or three months thereafter, or any other period, as agreed upon by the Agent and the Lenders, in their sole discretion, as applicable; and (b) with respect to any continuation of a LIBOR Loan, at the option of the Borrower a one-month, two-month or three-month period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Loan and ending one, two or three months thereafter, as applicable; PROVIDED that the foregoing provisions relating to Interest Periods are subject to the following terms:

INTEREST PERIOD shall mean: (a) with respect to any initial request by the Borrowers for a LIBOR Loan, a one month, two month or three month period commencing on the borrowing or conversion date with respect to a LIBOR Loan and ending one, two or three months thereafter, as applicable; and (b) thereafter with respect to any continuation of, or conversion to, a LIBOR Loan, at the option of the Borrowers, any one month, two month or three month period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Loan and ending one, two or three months thereafter, as applicable; provided that, the foregoing provisions relating to Interest Periods are subject to the following:

Examples of INTEREST PERIOD shall in a sentence

• INTEREST PERIOD shall mean each interest period commencing on the fifteenth (15th) calendar day of a calendar month and ending on (and including) the fourteenth (14th) calendar day of the following calendar month; provided that the first interest period shall commence on the date hereof.

• Any such election may be made with respect to a principal amount designated in such notice and equal to at least Five Hundred Thousand Dollars ($500,000.00) and integral multiples of One Hundred Thousand Dollars ($100,000.00) in excess of such minimum, for the period next ensuing, which period ("INTEREST PERIOD") shall equal one, two, three or six months as designated by Borrower in its notice.

• Each interest accrual period (each, an "INTEREST PERIOD") shall commence on the eleventh (11th) day of each calendar month during the term of the Mezzanine Loan and shall end on and include the tenth (10th) day of the next occurring calendar month.

• After the Initial Interest Period, each interest accrual period thereafter (each, an "INTEREST PERIOD") shall commence on the eleventh (11th) day of each calendar month during the term of the Loan and shall end on and include the tenth (10th) day of the next occurring calendar month.

• INTEREST PERIOD shall mean the period of time selected by the Borrower in connection with (and to apply to) any election permitted hereunder by the Borrower to have Revolving Credit Loans bear interest under the Euro-Rate Option.

• INTEREST PERIOD shall mean the period of time selected by the Borrower in connection with (and to apply to) any election permitted hereunder by the Borrower to have Revolving Credit Loans bear interest under the LIBO-Rate Option.

• In the event that during the seven (7) - day period prior to an INTEREST RATE SETTING DATE, the REFERENCE RATE cannot be determined for any reason or the difference between the REFERENCE RATE and the PHIBOR be equal or greater than 200 basis points, then the applicable interest rate for the INTEREST PERIOD shall be based on the ALTERNATIVE REFERENCE RATE plus the SPREAD.

• Each interest accrual period (each, an "INTEREST PERIOD") shall commence on the eleventh (11th) day of each calendar month during the term of the Loan and shall end on and include the tenth (10th) day of the next occurring calendar month.

• In the event that on an INTEREST RATE SETTING DATE, there is a difference of at least two percent (2.0%) between the REFERENCE RATE and the PHIBOR, then the applicable interest rate for the INTEREST PERIOD shall be based on the ALTERNATIVE REFERENCE RATE plus the SPREAD.

• Whenever any such payment hereunder shall be stated to be due or any INTEREST PERIOD shall be stated to end on a day, which is not a BANKING DAY, such payment shall be made or such INTEREST PERIOD shall end on the immediately preceding BANKING DAY.

More Definitions of INTEREST PERIOD shall

INTEREST PERIOD shall mean: (a) with respect to an initial request by the Companies for a LIBOR Loan or the conversion of a Chase Bank Rate Loan to a LIBOR Loan, at the option of the Companies a one-month, two-month or three-month period commencing on the borrowing or conversion date with respect to such LIBOR Loan and ending one, two or three months thereafter, as applicable; and (b) with respect to any continuation of a LIBOR Loan, at the option of the Companies a one-month, two-month or three-month period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Loan and ending one, two or three months thereafter, as applicable; PROVIDED that the foregoing provisions relating to Interest Periods are subject to the following terms:

INTEREST PERIOD shall mean: (a) with respect to an initial request by any Borrower for a LIBOR Loan or the conversion of a Chase Bank Rate Loan to a LIBOR Loan, at the option the applicable Borrower a one-month, two-month, three-month or six-month period commencing on the borrowing or conversion date with respect to such LIBOR Loan and ending one, two or three months thereafter, as applicable; and (b) with respect to any continuation of a LIBOR Loan, at the option of the applicable Borrower a one-month, two-month or three-month period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Loan and ending one, two or three months thereafter, as applicable; provided that the foregoing provisions relating to Interest Periods are subject to the following terms:

INTEREST PERIOD shall mean: (i) initially - the period commencing on the date of the first Disbursement and ending on the first Interest Payment Date, and (ii) thereafter each period commencing on the preceding Interest Payment Date and ending on the next succeeding Interest Payment Date. INDEBTEDNESS - shall mean any and all indebtedness incurred by the Borrower or obligations of the Borrower in respect of (i) money borrowed or raised, (ii) any note, loan, bonds, debenture or similar instruments, including obligations incurred in connection with the acquisition of property, assets or business, (iii) deferred payments for assets or services acquired (but excluding trade accounts payable or accrued liabilities arising in the ordinary course of business), (iv) any reimbursement, guarantee, letter of credit, banker's acceptance or other instrument issued in support of Indebtedness or on account of the Borrower, (v) each and any obligation to pay rent or other payment amounts of the Borrower with respect to any sale and leaseback transaction to which the Borrower is a party, (vii) every obligation of the type referred to in sub-clauses (i)-(v) of another person or entity whatsoever, the payment of which is guaranteed by the Borrower or for which the Borrower is responsible, directly or indirectly, with respect thereof, as obligor, guarantor or otherwise.

INTEREST PERIOD shall mean with respect to any Eurodollar Loan (i) initially, the period commencing on the date such Eurodollar Loan is made and ending one (1), two (2), three (3), six (6), nine (9) or twelve (12) months thereafter as selected by the Borrower pursuant to Section 4(a)(ii), and (ii) thereafter, each period commencing on the day following the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one (1), two (2), three (3), six (6), nine (9) or twelve (12) months thereafter, as selected by the Borrower pursuant to Section 4(a)(ii); provided, however, that (i) if any Interest Period would otherwise expire on a day which is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless the result of such extension would be to extend such Interest Period into the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (ii) if any Interest Period begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) such Interest Period shall end on the last Business Day of a calendar month, and (iii) any Interest Period which would otherwise expire after the Maturity Date shall end on such Maturity Date.

INTEREST PERIOD shall mean with respect to any Eurodollar Loan:

INTEREST PERIOD shall mean with respect to any Eurodollar Loan (i) initially, the period commencing on the date such Eurodollar Loan is made and ending one (1), two (2), three (3), six (6), nine (9) or twelve (12) months thereafter as selected by the Borrower pursuant to Section 4(a)(ii), and (ii) thereafter, each period commencing on the day following the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one (1), two (2), three (3), six (6), nine (9) or twelve (12) months thereafter, as selected by the Borrower pursuant to Section 4(a)(ii); provided, however, that (i) if any Interest Period would otherwise expire on a day which is not a