Negotiated Rate Interest Period definition

Negotiated Rate Interest Period means, with respect to any Negotiated Rate Advance, the period commencing on the day such Negotiated Rate Advance is made and ending on such day thereafter, as mutually agreed upon between Borrower and LaSalle, provided that (a) no Negotiated Rate Interest Period shall exceed thirty (30) days; (b) each Negotiated Rate Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day, provided, however, if the next succeeding Business Day would extend the Negotiated Rate Interest Period beyond thirty (30) days, then the next preceding Business Day; and (c) no Negotiated Rate Interest Period may be agreed upon that extends beyond the Commitment Termination Date.
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Negotiated Rate Interest Period means with respect to a Negotiated Rate Loan, a period of not less than one day and not more than 180 days, commencing on a Business Day selected by the Borrower pursuant to this agreement. If such Negotiated Rate Interest Period would end on a day which is not a Business Day, such Negotiated Rate Interest Period shall end on the next succeeding Business Day, unless such next succeeding Business Day is after the Revolving Credit Termination Date, in which case such Negotiated Rate Interest Period shall end on the next preceding Business Day. No Negotiated Rate Interest Period may end after the Revolving Credit Termination Date.
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Negotiated Rate Interest Period means, with respect to a U.S. Dollar Advance, such number of days (at least 1 and not more than 29) as the Borrower shall have requested in its Borrowing Notice for such Advance, and which each of the Banks, in its sole discretion, shall have agreed to for its respective Loan comprising such Advance. No Transaction Rate Interest Period may end after the Revolving Credit Termination Date.
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Examples of Negotiated Rate Interest Period in a sentence

  • A Negotiated Rate Advance may not be prepaid prior to the last day of the applicable Negotiated Rate Interest Period except for a prepayment funded by a Mandatory Funding.

  • Each Advance under the Swingline shall bear interest at the Floating Rate, unless Borrower and LaSalle agree to a Negotiated Rate for a Negotiated Rate Interest Period.

  • Each Advance under the Swingline shall bear interest at the Alternate Base Rate, unless Borrower and NCB agree to a Negotiated Rate for a Negotiated Rate Interest Period.

  • Each Negotiated Rate Advance shall continue as Negotiated Rate Advance until the end of its respective Negotiated Rate Interest Period, at which time such Negotiated Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Agent a Conversion Notice requesting that, at the end of such Negotiated Rate Interest Period, such Negotiated Rate Advance be converted into a new Negotiated Rate Advance for a new Negotiated Rate Interest Period.

  • In connection with the performance of the Services, Administrator shall (without investigation or verification) be entitled, and is hereby instructed to, rely upon any and all Instructions, communications, information or documents provided to Administrator by an officer or Authorized Person or by any of the aforementioned persons.

  • The Borrower shall select the Type and, in the case of each Eurodollar Advance and Negotiated Rate Advance, the Eurodollar Interest Period or the Negotiated Rate Interest Period, as the case may be, applicable to each new U.S. Dollar Advance from time to time.


More Definitions of Negotiated Rate Interest Period

Negotiated Rate Interest Period as to any Negotiated Rate Loan, the period commencing on the date of such Negotiated Rate Loan, and ending on the applicable date specified in the Negotiated Rate Confirmation for such Negotiated Rate Loan, which shall not be earlier than 7 days after the date of such Negotiated Rate Loan or later than 180 days after the date of such Negotiated Rate Loan; provided, however, that (i) if any Negotiated Rate Interest Period would end on a day other than a Business Day, such Negotiated Rate Interest Period shall be extended to the next succeeding Business Day, unless such next succeeding Business Day would be a date on or after the Maturity Date in which case such Negotiated Rate Interest Period shall end on the next preceding Business Day and (ii) no Borrower shall select a Negotiated Rate Interest Period which shall end after the Maturity Date.
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Negotiated Rate Interest Period means, with respect to any Negotiated Rate Advance, the period commencing on the day such Negotiated Rate Advance is made and ending on such day thereafter, as mutually agreed upon between Borrower and NBD, provided that (a) no Negotiated Rate Interest Period shall exceed thirty (30) days; (b) each Negotiated Rate Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day, provided, however, if the next succeeding
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Negotiated Rate Interest Period means, with respect to a U.S.
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Negotiated Rate Interest Period means, with respect to any Negotiated Rate Advance, the period commencing on the day such Negotiated Rate Advance is made and ending on such day thereafter, as mutually agreed upon between Borrower and NCB, provided that (a) no Negotiated Rate Interest Period shall exceed thirty (30) days; (b) each Negotiated Rate Interest Period which
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Related to Negotiated Rate Interest Period

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Reset Interest Period means each period from (and including) the First Call Date or any Reset Date and ending on (but excluding) the next Reset Date;

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • LIBOR Interest Period means, with respect to a LIBOR Advance, a period of one, two, three or six months, as selected in advance by the Borrower.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that:

  • Eurodollar Interest Period or "Interest Period" shall mean, with respect to a Eurodollar Loan, a period of one, two, three or six months commencing on a Business Day selected by the Borrowers pursuant to this Agreement. Such Eurodollar Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Eurodollar Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If a Eurodollar Interest Period would otherwise end on a day which is not a Business Day, such Eurodollar Interest Period shall end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Eurodollar Interest Period shall end on the immediately preceding Business Day.

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • LIBOR Period means, with respect to any LIBOR Loan, each period commencing on a LIBOR Business Day selected by Borrower pursuant to the Agreement and ending one, two or three months thereafter, as selected by Borrower's irrevocable notice to Agent as set forth in Section 1.5(e); provided, that the foregoing provision relating to LIBOR Periods is subject to the following:

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • Negotiated Rate with respect to each Swing Line Loan, the rate per annum agreed to in writing by the Borrower and the Swing Line Lender as the interest rate which such Swing Line Loan shall bear.

  • Interest Periods means period(s) of one (1), three (3) or six (6) months selected by the Borrower or such longer period(s) as the Lenders may agree;

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Initial Interest Period shall have the meaning set forth in Section 2.3.1.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).