Common use of Calculation Period Clause in Contracts

Calculation Period. Calculation Period" means each period from, and including, one Period End Date to, but excluding, the next following Period End Date, except that (a) the initial Calculation Period will commence on, and include, the Effective Date and (b) the final Calculation Period will end on, but exclude, the Termination Date.

Calculation Period. Calculation Period" means each period from, and including, one Period End Date to, but excluding, the next following Period End Date, except that (a) the initial Calculation Period will commence on, and include, the Effective Date and (b) the final Calculation Period will end on, but exclude, the Termination Date. 6 The Capital Amount is the notional amount in respect of which the profit rate is calculated, i.e. this identifies the size of the profit rate swap.