Interest Rate Period definition

Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

Interest Rate Period means each period beginning on (and including) a Reset Date and ending on (but excluding) the next succeeding Reset Date.

Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

Examples of Interest Rate Period in a sentence

• If a Loan Account is subject to a Fixed Interest Rate Period and you prepay that Loan Account in full (“full prepayment”) or in part (“partial prepayment”) before the expiry of the Fixed Interest Rate Period (or the loan is prepaid in full or in part in connection with a Default before the expiry of the Fixed Interest Rate Period), we may charge you a fee to compensate us for any loss resulting from the prepayment.

• At the expiry of the Fixed Interest Rate Period the interest rate will revert to a variable interest rate and each payment of principal and interest will be calculated based on that variable rate and the remaining term of the loan.

• After the Fixed Interest Rate Period, the annual interest rate that applies to this loan will be a variable interest rate available from the current interest rate range in respect of the appropriate Loan Product.

• The annual interest rate that applies to your loan is % per annum until the expiration of the Fixed Interest Rate Period.

• During the Fixed Interest Rate Period each payment of principal and interest is $ .

More Definitions of Interest Rate Period

Interest Rate Period means, in respect of a Reference Date (t), the period from (and including) the Reference Date immediately preceding such Reference Date (t) to (but excluding) such Reference Date (t).

Interest Rate Period means, with respect to any Note, the period of time commencing on the Interest Rate Adjustment Date to, but not including the immediately succeeding Interest Rate Adjustment Date during which such Note bears interest at a particular fixed interest rate or floating interest rate.

Interest Rate Period. “Rate Period,” or “Period” means, when used with respect to any particular rate of interest for a Bond, the period during which such rate of interest determined for such Bond will remain in effect as described herein, provided that the Remarketing Agent (i) shall not offer Interest Rate Periods which end on a day which does not immediately precede a Business Day, (ii) not offer Interest Rate Periods applicable to Bonds to be converted extending beyond the day preceding any scheduled Conversion of the Bonds to another Mode or the Maturity Date, and (iii) follows any written directions of the Board not inconsistent with the preceding clauses (i) and (ii) as to the Interest Rate Periods to be made available.

Interest Rate Period means a Daily Interest Rate Period, a Weekly Interest Rate Period, an Index Interest Rate Period, a Term Interest Rate Period or a Bank Index Rate Period.

Interest Rate Period means that period of time for which the interest rate with respect to the Project Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date.

Interest Rate Period means that period of time during which an interest rate or rates established under a floating rate interest structure will pertain, which periods may be altered or become fixed pursuant to the bond proceedings upon stated occurrences or upon determination of the absolute obligor or issuer.

Interest Rate Period means, (i) in the case of the first Interest Rate Period with respect to any Advance, the period commencing on and including the Advance Date for such Advance and ending on and excluding the following Payment Date, and (ii) in the case of any subsequent Interest Rate Period, the period commencing on and including each Payment Date and ending on and excluding the following Payment Date; provided, however, that in no event shall any Interest Rate Period end subsequent to the Repayment Date.