Common use of LIBOR Loan Interest Periods Clause in Contracts

LIBOR Loan Interest Periods. The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

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LIBOR Loan Interest Periods. The initial and each subsequent Interest Period selected by a Borrower for any Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by the Borrower for any a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Wild Oats Markets Inc)

LIBOR Loan Interest Periods. The initial and (i) Subject to Section 2.1.2(a), each subsequent Interest Period selected by Borrower for any Borrowing consisting of LIBOR Loans shall be one (1)twelve months. Notwithstanding anything to the contrary in the preceding sentence, two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Banking Day shall be extended to the next succeeding Business Banking Day unless such next Business Banking Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Banking Day, ; (B) any Interest Period which begins on the last Business Banking Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Banking Day of a calendar month, ; and (C) no any Interest Period for a Borrowing shall which would otherwise end after the Maturity Date shall end on the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Ormat Technologies, Inc.), Escrow Agreement (Ormat Technologies, Inc.)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no such Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Lam Research Corp)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one (1), two (2), three (3) or six (6) months; providedPROVIDED, howeverHOWEVER, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no such Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Lam Research Corp)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any a Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by the Borrower for any a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or ), six (6) monthsor nine (9) months or one (1) year; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by the Borrower for any a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one thirty (130), two ninety (2), three (390) or six one hundred eighty (6180) monthsdays as Borrower may specify; provided, however, that (A) any such Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any such Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Periodperiod) shall end on the last Business Day day of a calendar month, ; and (C) no such Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Par Petroleum Corp/Co)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one (1), two (2), three (3) or six (6) monthsmonths as Borrower may specify; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

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LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower LSI for any a U.S. Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, and ; (C) with respect to any U.S. 364 Day Borrowing, no Interest Period for a Borrowing shall end after the Maturity U.S. 364 Day Termination Date.;

Appears in 1 contract

Samples: Credit Agreement (Lsi Logic Corp)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower the Borrowers for any a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, month and (C) no Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one (1), two (2), three (3) or six (6) monthsmonths as Borrower may specify; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one thirty (130), two ninety (2), three (390) or six one hundred eighty (6180) monthsdays as Borrower may specify; provided, however, that (A) any such Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any such Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day day of a calendar month, ; and (C) no such Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Par Petroleum Corp/Co)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by either Borrower for any Borrowing consisting of a LIBOR Loans Loan shall be one (1), two (2), three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period for a LIBOR Loan which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a the calendar month, month at the end of such Interest Period; and (C) no Interest Period for a Borrowing shall end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

LIBOR Loan Interest Periods. (i) The initial and each subsequent Interest Period selected by the Borrower for any a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1)one, two (2)two, three (3) or six (6) months; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, ; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month, ; and (C) no Interest Period for a Borrowing shall end after the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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