Index Period definition
Examples of Index Period in a sentence
If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to LIBOR Market Index Rate Loans at the end of the applicable Index Period with respect thereto.
When a new Index Period immediately follows the expiration of a prior Index Period, the Bonds will be subject to mandatory tender for purchase on the commencement date of the new Index Period.
The Borrowers may borrow, repay without penalty or premium (except for repayments of principal subject to LIBOR interest rates prior to the expiration of the Index Period as more fully set forth in the Revolving Note) and reborrow hereunder, from the date of this Agreement until the Termination Date or the occurrence of an Event of Default, whichever occurs first.
Upon the selection (or deemed selection) of a Subsequent Index Period for a Notional Amount, IntesaBci shall promptly determine and then provide written notice to ATA of the Index Rate for such Subsequent Index Period for such Notional Amount.
The Index Rate for any Subsequent Index Period (other than for one day) shall be an interest rate per annum determined by IntesaBci in the same manner as the indicative interest rates per annum of Initial Period (other than for one day) heretofore provided to ATA by IntesaBci were determined, which determination shall be prima facie evidence of the amount thereof.
The Index Rate for any one day Subsequent Index Period shall be the Federal Funds Index Rate for such day (as determined by IntesaBci).
Except as provided under "Mandatory Tender Upon a Change in the Determination Method," "Mandatory Tender Upon Expiration of Index Period," "Mandatory Tender at Beginning of a New Long-Term Interest Rate Period" and "Mandatory Tender on Each Interest Payment Date During Commercial Paper Mode," no Bonds may be tendered while they bear interest at a Commercial Paper Rate, Auction Mode Rate, Index Rate or a Long-Term Interest Rate.
All index prices for each delivery shall be computed as the average of the spot postings for the Commencement of Discharge Date, the two days prior to such date, and the two days following such date (the "Residual Oil Index Period").
The low "New York Barge No. 2" price as published in ▇▇▇▇▇'▇ Oilgram U.S. Marketscan price report at 5:00 PM Eastern Time for each day of the No. 2 Oil Index Period.
The "New York Heating/Gas Oil: 0.2% Sulphur" price as published in Bloomberg Petroflash! At 5:00 PM Eastern Time for each day of the No. 2 Oil Index Period.