Monthly Interest Period definition

Monthly Interest Period is defined in subsection 4.8(a).

Monthly Interest Period means an Interest Period commencing on or after the Scheduled Maturity Date.

Monthly Interest Period means each period described in Section 2.03(e) during which the Series A of 2020 Bonds bear interest at a particular Monthly Rate.

Examples of Monthly Interest Period in a sentence

• Payments will be made from the Transaction Account on each Monthly Payment Date in accordance with the Monthly Interest Priority of Payments and on each Quarterly Payment Date in accordance with the Quarterly Interest Priority of Payments and the Principal Priority of Payments or during any Monthly Interest Period in accordance with Section 5.9.1.

• Payments will be made from the Transaction Account on each Monthly Payment Date in accordance with the Monthly Interest Priority of Payments and on each Quarterly Payment Date in accdoarnce with the Quarterly Interest Priority of Payments and the Principal Priority of Payments or during any Monthly Interest Period in accordance with Section5.9.1.

• Interest Rate for Class A-2 Notes: The Interest Rate for Class A-2 Notes for a Monthly Interest Period will be the sum of the One Month Bank Bill Rate on the relevant Interest Determination Date for that Interest Period and the relevant Margin.

• Interest Period will be the sum of the One Month Bank Bill Rate on the first day of that Monthly Interest Period and the Margin for the Class A-2 Notes (for further detail, see the definition of ‘‘One Month Bank Bill Rate’’ in the Glossary of the Offering Circular).

• For the Class A-2 Notes, monthly, except in relation to the first and (as the case may be) the final Monthly Interest Period.

More Definitions of Monthly Interest Period

Monthly Interest Period means, with respect to Euro-Dollar Rate Borrowings, the period beginning on the first day of a calendar month and ending on the last day of such calendar month.

Monthly Interest Period means, in connection with the calculation of interest accrued with respect to any specified Monthly Payment Date, including the Maturity Date, the period commencing on and including the fifteenth (15th) day of the prior calendar month and ending on and including the fourteenth (14th) day of the calendar month in which such Monthly Payment Date occurs; provided, however, that the initial Monthly Interest Period shall begin on the Funding Date and shall end on the fourteenth (14th) day of the first full calendar month after the Funding Date (or the 14th date of the calendar month in which the Funding Date occurs if the Funding Date occurs on or before the 14th day of such calendar month).

Monthly Interest Period means the first calendar day of each month to the first calendar day of each succeeding month, calculated from, and including, the first calendar day of each month to, but not including, first calendar day of each succeeding month.

Monthly Interest Period means, in respect of a Drawing, each period from (and including) a Monthly Payment Date to (but excluding) the next Monthly Payment Date provided that the first Monthly Interest Period shall be the period from (and including) the date of that Drawing to (but excluding) the next following Monthly Payment Date and the last Monthly Interest Period shall end on (but exclude) the Maturity Date of the Notes (other than the Class X Notes).

Monthly Interest Period means, (i) with respect to the Floating Rate Class A Notes which are Monthly Pay Class A Notes (if any), the accrual of LIBOR based interest on the Monthly Pay Floating Rate Class A Note Interest Rate Swaps and the Variable Pay Term Notes Interest Rate Swap and with respect to LIBOR in the calculation of any increases in the Specified Reserve Balance that are required due to the deposit of amount into the Accumulation Account on any Monthly Distribution Date, (a) in the case of the first Monthly Distribution Date, the period from and including the Closing Date to but excluding the first Monthly Distribution Date, and (b) for any other Monthly Distribution Date, the period from and including the previous Monthly Distribution Date to but excluding such Monthly Distribution Date; and (ii) with respect to the Fixed Rate Class A Notes, Class B Notes, Class C Certificates, Class D Certificates and the Accrued Fixed Rate Payments, (a) in the case of the first Monthly Distribution Date, the period from and including the Closing Date to but excluding the first Monthly Distribution Date, and (b) for any other Monthly Distribution Date, the period from the 15th day of the previous month to the 15th day of the current month; and (iii) with respect to the VPTNs, (a) in the case of the first Monthly Distribution Date following the issuance of the related VPTN, the period from and including the issuance date to but excluding such Monthly Distribution Date and (b) for any other Monthly Distribution Date, the period from and including the most recent Monthly Distribution Date to but excluding such Monthly Distribution Date.

Monthly Interest Period means each period described in Section 2.3 hereof during which the 2022 Subordinate Bonds bear interest at a particular Monthly Rate.

Monthly Interest Period means, for any Payment Date during the Revolving Period and the Normal Redemption Period and for any Payment Date during an Accelerated Redemption Period, any period beginning on (and including) the previous Payment Date and ending on (but excluding) such Payment Date.