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.

Applicable Interest Period means the one-month period starting on the first (1st) day of each month and ending on the last day of such month; provided, however, that the first (1st) Applicable Interest Period for each Credit Extension under this Credit Facility shall commence on the date that the applicable Credit Extension is made and end on the last day of such month.

Applicable Interest Period means, with respect to any Loan accruing interest at a LIBOR Rate, the period commencing on the first date the Borrower elects to have such LIBOR Rate apply to such Loan pursuant to Section 2.5(c) and ending one, two, three or six months thereafter as specified in the Interest Rate Notice given in respect of such Loan; provided, however, that Borrower may not select a six-month interest period for an Operating Loan and provided further, that no Applicable Interest Period may be selected for any LIBOR Loan if it extends beyond such Loan's Maturity Date.

Examples of Applicable Interest Period in a sentence

Describe any potential conflicts of interest with the proposed Engagement Director and/or Engagement Manager relative to the LACERA engagement.
Designation of a Line of Credit LIBO Rate Portion shall be made by delivery or telephone facsimile transmission to Bank of written notice signed by an Authorized Officer of such election, including designation of the amount of the proposed Line of Credit LIBO Rate Portion, the proposed Line of Credit Applicable Interest Period and the proposed effective date of the election.
Borrower shall not select a Line of Credit Applicable Interest Period that would extend beyond the Line of Credit Expiration Date.
Accrued but unpaid interest on each Committed Loan accruing interest at a LIBOR Rate shall be paid on the last day of each Applicable Interest Period, on the date of any principal payment (to the extent accrued on the principal amount paid), at the Maturity Date and, additionally, in the case of such a Loan for which the Applicable Interest Period is six months, on the day that is three months after the commencement of such Applicable Interest Period.
If a LIBOR Loan is paid prior to the end of the Applicable Interest Period, a fee computed in the manner set out in Schedule 1 shall be assessed and paid at the time of such payment.

More Definitions of Applicable Interest Period

Applicable Interest Period means, with respect to any Loan, the period commencing on the date such Loan was made pursuant to Section 2.2 or converted or continued pursuant to Section 2.5 and ending:

Applicable Interest Period means, with respect to any portion of the Loan that bears interest at a particular Applicable Interest Rate, the period commencing on the effective date of an Interest Rate Notice provided in respect of such portion of the Loan pursuant to Section 2.5(b) and ending:

Applicable Interest Period means a taxable year of the Borrower.

Applicable Interest Period means the period of time from the Petition Date to the date an Allowed Claim is paid in full, or such other period of time (if any) for which interest on an Allowed Claim, or portion thereof, would be due under the Bankruptcy Code (including sections 506(b) and 726(a)).

Applicable Interest Period means with respect to any Loan or portion thereof accruing interest at an Offshore Related Rate or Long Term Rate, the period commencing on the first date Borrowers select to have such Offshore Related Rate or Long Term Rate applied to such Loan or portion thereof pursuant to Section 2.6(b) and ending on the date specified in the Interest Rate Notice given in respect of such Loan or portion thereof, provided that the Applicable Interest Period for Offshore Related Rate Loans based on LIBOR shall be in increments of one month, two months, three months, four months, five months or six months and for Offshore Related Rate Loans based on IBOR shall be in increments of one month, two months, three months, four months, five months and six months. The Applicable Interest Period for Long Term Rate Loans shall be one year or more. Applicable Interest Period means with respect to any Loan or portion thereof accruing interest at the Reference Related Rate, the period commencing on the date of this Agreement or the date Borrowers select to have such rate applied to such Loan or portion thereof and ending on the date Borrowers select to have another rate applied to such Loan or portion thereof. No Applicable Interest Period extending beyond Revolving Loan Maturity Date may be selected for a Revolving Loan.

Applicable Interest Period means with respect to any Loan or portion thereof accruing interest at the Reference Related Rate, the period commencing on the date of this Agreement or the date Borrowers select to have such rate applied to such Loan or portion thereof and ending on the date Borrowers select to have another rate applied to such Loan or portion thereof. No Applicable Interest Period extending beyond Revolving Loan Maturity Date may be selected for a Revolving Loan.