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, 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.

Examples of Monthly Interest Period in a sentence

• Pre-school aged children accompanying volunteers in the school can be a distraction to volunteers working with students and we ask that you make other arrangements for them when working in the school during school hours.

• Once set for any Monthly Interest Period, the Reference Rate shall be applicable for each day during such Monthly Interest Period.

• Borrower shall pay to Lender on each Monthly Payment Date after the Funding Date the Current Interest accrued (or to be accrued) on the Loan for the related Monthly Interest Period.

• For purposes of making payments hereunder, but not for purposes of calculating Monthly Interest Periods, if the day on which such payment is due is not a Business Day, then amounts due on such date shall be due on the immediately preceding Business Day and with respect to payments of principal due on the Maturity Date, interest shall be payable at the Interest Rate or the Default Rate, as the case may be, through and including the last day of the related Monthly Interest Period.

• If a Euro-Dollar Rate Loan shall be outstanding during more than one calendar month, the interest rate thereon shall be adjusted to the new Euro-Dollar Rate as of the first day of the next succeeding Monthly Interest Period during which it is outstanding.

More Definitions of Monthly Interest Period

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

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 successive period commencing on the first Payment Date following an Acceleration Event or the last date of the immediately preceding Monthly Interest Period, as the case may be, and ending on the day immediately preceding the corresponding day in the next following calendar month.

Monthly Interest Period means, with respect to any Distribution Date, the period from and including the immediately preceding Distribution Date (or, in the case of the first Monthly Interest Period, the Closing Date) to but excluding such Distribution Date.