Stub Interest Period definition

Stub Interest Period means the period commencing on the Closing Date and ending on (but not including) the first calendar day of the first month following the Closing Date (or if such day is not a Business Day, the next Business Day thereafter).

Stub Interest Period has the meaning specified in the definition of “Interest Period”.

Stub Interest Period has the meaning assigned in Section 2.4(1).

Examples of Stub Interest Period in a sentence

• Borrowers shall have no right to prepay all or any part of the Principal Indebtedness before the Payment Date that is thirty-six (36) calendar months from and after the first day immediately following the Stub Interest Period (the “Lockout Expiration Date”).

• Interest only on the Principal Indebtedness shall be payable on the Closing Date, in advance, for the Stub Interest Period.

• If the Borrower shall fail to specify whether a Loan is to be funded as a Base Rate Loan or a Eurodollar Rate Loan and the request for such Loan is otherwise timely received in accordance with this Paragraph 2(a), the Borrower will be deemed to have requested a Eurodollar Rate Loan with a Stub Interest Period.

• In short, LUPMIS is an electronic system that helps district officials to use their databases of ratepayers and businesses more effectively in mobilizing revenues using digital maps.

• Indeed, either no co-end pointer needs to be updated or both B and W are co-end blocks of Ψ.

• For the purposes of this Note, (i) the term “Payment Date” shall mean the first day of each calendar month beginning the second month following the Stub Interest Period through and including the first day of the calendar month immediately preceding the Maturity Date (hereinafter defined), and (ii) the first Payment Date shall be May 1, 2018.

• Interest for the Stub Interest Period shall be calculated by multiplying (i) the Note Rate divided by 360 and (ii) the number of days any Balance is outstanding to, but not including the date of payment.

• Notwithstanding any provision of the Credit Agreement to the contrary, during the Stub Interest Period (as defined below), the Eurodollar Rate applicable to the Term B-2 Loans advanced pursuant to this Agreement shall be equal to the Eurodollar Rate applicable to the Initial Term Loans that are Eurodollar Rate Borrowings outstanding on the Increase Effective Date.

More Definitions of Stub Interest Period

Stub Interest Period has the meaning set forth in the Notes.

Stub Interest Period has the meaning assigned to such term in Section 2.4(1).

Stub Interest Period means the period from and including the Closing Date through and including August 31, 2022.

Stub Interest Period has the meaning specified in the definition of "INTEREST PERIOD."

Stub Interest Period means the period beginning on the Increase Effective Date and ending on the last day of the Interest Period in effect on the Increase Effective Date with respect to the then outstanding Initial Term Loans that are Eurodollar Rate Borrowings (which is December 31, 2012). The Increase Term Loans advanced pursuant to this Agreement shall share ratably in optional and mandatory prepayments of Term Loans.

Stub Interest Period means, in respect of each Interest Period, the period commencing on (but excluding) the Portfolio Observation Period End Date falling in such Interest Period to (and including) the Payment Date immediately thereafter.