XXXXX Interest Period definition

XXXXX Interest Period means, relative to any XXXXX Xxxx Loan, the period beginning on (and including) the date on which such XXXXX Xxxx Loan is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX 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 XXXXX Interest Period shall end on the next preceding Business Day, (b) any XXXXX 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 XXXXX Interest Period) shall end on the last Business Day of the last calendar month of such XXXXX Interest Period and (c) no XXXXX Interest Period shall end after the final maturity for the applicable Facility.
Sample 1Sample 2Sample 3
XXXXX Interest Period means, as to any XXXXX Loan, the period commencing on the date such XXXXX Loan is borrowed or continued as, or converted into, a XXXXX Loan and ending on the date one (1) or three (3) months (subject to availability) thereafter, as selected by the Borrower; provided, that: (i) if any XXXXX Interest Period would otherwise end on a day that is not a Business Day, such XXXXX Interest Period shall be extended to the following Business Day unless the result of such extension would be to carry such XXXXX Interest Period into another calendar month, in which event such XXXXX Interest Period shall end on the preceding Business Day, (ii) any XXXXX Interest Period that begins on a day for which there is no numerically corresponding day in the calendar month at the end of such XXXXX Interest Period shall end on the last Business Day of the calendar month at the end of such XXXXX Interest Period, (iii) the Borrower may not select any XXXXX Interest Period for a Eurocurrency Rate Loan denominated in Canadian Dollars which would extend beyond the Maturity Date; and (iv) the Borrower may not select any XXXXX Interest Period for a XXXXX Loan if, after giving effect to such selection, the aggregate principal amount of such XXXXX Loan having XXXXX Interest Periods ending after any date on which an installment of such XXXXX Loan is scheduled to be repaid would exceed the aggregate principal amount of such XXXXX Loan scheduled to be outstanding after giving effect to such repayment.
Sample 1Sample 2
XXXXX Interest Period in Section 1.1 (Definitions) of the Existing Credit Agreement is hereby amended by deleting the reference to “two,” appearing therein.
Sample 1

Examples of XXXXX Interest Period in a sentence

  • If the XXXXX Benchmark Replacement is Adjusted Daily Compounded XXXXX, all interest payments will be payable on the last day of each XXXXX Interest Period.

  • Thereafter, each XXXXX Rate Loan shall either be repaid or converted into a Eurocurrency Rate Loan denominated in Dollars with a one month Interest Period at the earlier of the end of such XXXXX Interest Period and the date on which any determination or notice is made pursuant to this Section 3.04(b) and no further Borrowings of Sterling Loans shall be permitted and any further requests for XXXXX Rate Loans shall be ineffective.

  • Thereafter, each XXXXX Rate Loan shall either be repaid or converted into a Term SOFR Loan with a one month Interest Period at the earlier of the end of such XXXXX Interest Period and the date on which any determination or notice is made pursuant to this Section 3.04(b) and no further Borrowings of Sterling Loans shall be permitted and any further requests for XXXXX Rate Loans shall be ineffective.

  • Thereafter, each XXXXX Rate Loan shall either be repaid or converted into a Eurocurrency RateTerm SOFR Loan denominated in Dollars with a one month Interest Period at the earlier of the end of such XXXXX Interest Period and the date on which any determination or notice is made pursuant to this Section 3.04(b) and no further Borrowings of Sterling Loans shall be permitted and any further requests for XXXXX Rate Loans shall be ineffective.

  • Each such notice shall be effective upon receipt by Agent, shall be irrevocable, and shall specify, in the form of a Notice of Borrowing, the date, amount and type of borrowing and, in the case of an Term CORRAor Daily Compounded XXXXX borrowing, the initial XXXXX Interest Period therefor; provided, that such notice may be conditioned upon the consummation of a transaction permitted hereunder and may be rescinded or the date of such notice amended in connection therewith.

  • Subject to Section 5.7, if, on or prior to the first day of any XXXXX Interest Period for any Term XXXXX Loan or Daily Compounded XXXXX Loan, as applicable: 20.

  • Each such notice shall be effective upon receipt by Agent, shall be irrevocable, and shall specify, in the form of a Notice of Borrowing, the date, amount and type of borrowing and, in the case of an Term XXXXX or an Daily Compounded XXXXX borrowing, the initial XXXXX Interest Period therefor; provided, that such notice may be conditioned upon the consummation of a transaction permitted hereunder and may be rescinded or the date of such notice amended in connection therewith.

  • Daily Compounded XXXXX Adjustment means, with respect to Daily Compounded XXXXX, (i) 0.29547% (29.547 basis points) for a XXXXX Interest Period of one-month's duration and (ii) 0.32138% (32.138 basis points) for a XXXXX Interest Period of three-months' duration.

  • Periods Notwithstanding any other provision hereof, no Borrower may select an Interest Period or XX XXXXX Interest Period in respect of a Loan, with the result that a Loan would have to be terminated before its Maturity Date to allow for repayment of the Credit Facility on the Final Repayment Date.

  • Each Prime Rate Loan made by a Lender which, but for the circumstances described in the foregoing sentence, would be a XXXXX Loan shall remain outstanding for the period corresponding to the XXXXX Interest Period originally applicable to such XXXXX Loan absent such circumstances.


More Definitions of XXXXX Interest Period

XXXXX Interest Period means (a) with respect to each Term XXXXX Loan, the initial period (subject to availability of one (1) or three (3) months commencing on and including the Borrowing Date, the Conversion Date or the XXXXX Rollover Date, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period), and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months (or such other period as the Administrative Agent and the Lenders permit) as selected by a Canadian Borrower and notified to the Administrative Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; and (b) with respect to each Daily Compounded XXXXX Loan, initial period (subject to availability) of 4166 - 0486 - 9966.2 4166 - 0486 - 9966.7
Sample 1
XXXXX Interest Period means, with respect to any Term XXXXX Loan, the initial period (subject to availability) of one (1) or three (3) months commencing on and including the date specified in the Draw Request, Conversion Notice or Rollover Notice, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) or three (3) months as selected by the Borrower and notified to the Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; provided that, in any case, (i) in the case of the Rollover, the last day of each XXXXX Interest Period shall also be the first day of the next XXXXX Interest Period, (ii) the last day of each XXXXX Interest Period shall be a Business Day and if not, the Borrower shall be deemed to have selected a XXXXX Interest Period the last day of which is the first Business Day following the last day of the XXXXX Interest Period selected by the Borrower, unless such first Business Day is in a succeeding calendar month, in which case, the last day of such XXXXX Interest Period shall be the immediately preceding Business Day, and (iii) notwithstanding any of the foregoing, the last day of each XXXXX Interest Period shall be on or before the Maturity Date.
Sample 1
XXXXX Interest Period means, with respect to any XXXXX Xxxx Borrowing, the period beginning on (and including) the date on which such XXXXX Xxxx Borrowing is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX 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 Interest Period shall end on the immediately preceding Business Day, (b) any XXXXX 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 XXXXX Interest Period) shall end on the last Business Day of the last calendar month at the end of such XXXXX Interest Period and (c) no XXXXX Interest Period shall extend beyond the Revolving Credit Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.
Sample 1
XXXXX Interest Period means (a) with respect to each Term XXXXX Loan, the initial period (subject to availability) of one (1) or three (3) months commencing on and including the date specified in the Accommodation Notice or conversion notice is made, or the XXXXX Rollover Date, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months as selected by the Borrower and notified to the Administrative Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; and (b) with respect to each Daily Compounded XXXXX Loan, the initial period (subject to availability) of approximately one (1) month or three (3) months commencing on and including the date on which the Accommodation Notice or conversion notice is made, or the XXXXX Rollover Date, as the case may be, applicable to such Daily Compounded XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months commencing on and including the last day of the prior XXXXX Interest Period; provided however that:
Sample 1
XXXXX Interest Period means, with respect to any XXXXX Xxxx Borrowing, the period beginning on (and including) the date on which such XXXXX Xxxx Borrowing is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX 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 Interest Period shall end on the immediately preceding Business Day, (b) any XXXXX 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 XXXXX Interest Period) shall end on the last Business Day of the last calendar month at the end of such XXXXX Interest Period and (c) no XXXXX Interest Period shall extend beyond the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. “XXXXX Xxxx” shall mean, for any day (a “XXXXX Interest Day”), XXXXX for the day that is the fifth Business Day prior to (A) if XXXXX Interest Day is a Business Day, such XXXXX Interest Day or (B) if such XXXXX Interest Day is not a Business Day, the Business Day immediately preceding XXXXX Interest Day; provided that if the XXXXX Xxxx shall be less than zero, the XXXXX Xxxx shall be deemed to be zero. Any change in the XXXXX Rate due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrowers. If by 5:00 pm (London time) on the second (2nd) Business Day immediately following any day “i”, XXXXX in respect of such day “i” has not been published on the XXXXX Administrator’s Website and a Benchmark Replacement Date with respect to XXXXX has not occurred, then XXXXX for such day “i” will be XXXXX as published in respect of the first preceding Business Day for which XXXXX was published on the XXXXX - 78- CG&R Draft Current date: 03/02/2023 10:05 AM 63515514v23CG&R Draft Current date: 03/01/2023 4:17 PM 70014411v6
Sample 1
XXXXX Interest Period means (a) with respect to each Term XXXXX Loan, the initial period (subject to availability) of one (1) or three (3) months commencing on and including the date specified in the Notice of Borrowing or Conversion/Continuation Notice made, or the XXXXX Rollover Date, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months (or such other period as the Agent and the Lenders permit) as selected by a Borrower and notified to the Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; and (b) with respect to each Daily Compounded XXXXX Loan, the initial period (subject to availability) of approximately one
Sample 1

Related to XXXXX Interest Period

  • 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

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

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

  • Applicable Interest Period for each Credit Facility has the meaning specified for that Credit Facility in the Credit Facility Schedule; provided, however, that, at any time that the Applicable Prime Rate is the Applicable Index Rate, Applicable Interest Period shall mean the period commencing as of the most recent Applicable Interest Rate Determination Date and continuing until the next Applicable Interest Rate Determination Date or such earlier date as the Applicable Prime Rate shall no longer be the Applicable Index Rate; and provided, further, that, at any time the Libor Rate Index is adjusted as set forth in the definition thereof, or re-implemented following invocation of the Applicable Prime Rate as permitted herein, the Applicable Interest Period shall mean the period commencing as of such adjustment or re-implementation and continuing until the next Applicable Interest Rate Determination Date, if any.

  • 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.

  • LIBOR Interest Period means, as to any advance to which the LIBOR Option applies, the period of one (1), two (2), three (3) or six (6) months as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, commencing on the date of disbursement of an advance (or the date of conversion of an advance to the LIBOR Option, as the case may be) and each successive period selected by the Borrower thereafter; provided that, (i) if a LIBOR Interest Period would end on a day which is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the LIBOR Interest Period shall end on the next preceding Business Day, (ii) the Borrower may not select a LIBOR Interest Period that would end on a day after the Expiration Date, and (iii) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or a day for which there is no numerically corresponding day in the last calendar month of such LIBOR Interest Period) shall end on the last Business Day of the last calendar month of such LIBOR Interest Period.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • 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.

  • 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 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.

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

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

  • 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.

  • 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.

  • 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.”

  • 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:

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

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

  • Interest Periods means period(s) of three (3) or six (6) months as selected by the Borrowers, or as otherwise agreed by the Lenders and the Borrowers;

  • Interest Percentage With respect to any Class of Certificates and any Distribution Date, the ratio (expressed as a decimal carried to six places) of the Accrued Certificate Interest for such Class to the sum of the Accrued Certificate Interest for all Classes, in each case with respect to such Distribution Date, without regard to Relief Act Interest Shortfalls.

  • 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:

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

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

  • Class A Interest Percentage As to any Distribution Date and any Class of Class A Certificates, the percentage calculated by dividing the Interest Accrual Amount of such Class (determined without regard to clause (ii) of the definition thereof) by the Class A Interest Accrual Amount (determined without regard to clause (ii) of the definition of Interest Accrual Amount).

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

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.