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 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.
Examples of Monthly Interest Period in a sentence
In the event of the payment of any principal of any Loan other than on the last day of a Monthly Interest Period applicable thereto (including as a result of any required or voluntary prepayment or any required purchase offer or any Event of Default), the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event.
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.
Thereafter during the term of the Loan, each Monthly Interest Period shall commence on the fifteenth (15th) day of the calendar month preceding the calendar month in which the related Monthly Payment Date occurs and shall end on and include the fourteenth (14th) day of the calendar month in which the related Monthly Payment Date occurs.
Each Euro-Dollar Rate Loan shall bear interest on the outstanding principal amount thereof at the Euro-Dollar Rate for such Monthly Interest Period (or portion thereof during which it is outstanding).
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 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 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, (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, 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 the monthly period that began on the date on the Loans were made, and ended or ends on the numerically corresponding date in the month next following thereafter and each subsequent monthly period that began or begins at the expiration of any such monthly period and ended or ends on the numerically corresponding date in the month next following thereafter, except that (a) if any such monthly period would end on a day other than a Business Day, such monthly period shall be extended to the next succeeding Business Day unless such next succeeding Business Day falls in the next calendar month, in which case such monthly period shall end on the next preceding Business Day and (b) any such monthly period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day to the last Business Day of such monthly period) shall end on the last Business Day of such monthly period.
Monthly Interest Period. From one Scheduled Distribution Date to the next Scheduled Distribution Date, determined without adjustment if a Scheduled Distribution Date would otherwise fall on a day that is not a Business Day; provided, that, the first Monthly Interest Period will commence on, and include, the Closing Date and the final Monthly Interest Period will end on, but exclude, ..the Maturity Date (or if earlier, the date of redemption of the Certificates or distribution in kind of the Term Assets).