Interest Calculation Period definition

Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

Interest Calculation Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the next succeeding Interest Period End Date and each successive period beginning on (and including) an Interest Period End Date and ending on (but excluding) the next succeeding Interest Period End Date.

Examples of Interest Calculation Period in a sentence

• If “Linear Interpolation” is specified as applicable then the Calculation Agent will determine, based on Linear Interpolation, the Interest Rate for any specified Interest Calculation Period (or if no Interest Calculation Period is specified, each Interest Calculation Period not equal to the Specified Duration).

• If the Interest Basis is specified as Fixed Rate, unless an Interest Amount or a formula for its calculation is specified, the Interest Rate for each Interest Calculation Period will be the rate per annum specified as such.

• Interest Amounts will be payable in arrear on each Interest Payment Date and will be calculated in respect of the immediately preceding Interest Calculation Period on the basis of the Day Count Fraction.

• In order to calculate the amount of the dividend and interest payable for the first Interest Calculation Period, the Interest Calculation Period means the period from but excluding, the Drawdown Date to the Second Trust, to and including, the initial Second Trust Payment Date.

• Subject to General Condition 6(c) (Rolled up Interest) interest will be payable at the end of each Relevant Interest Calculation Period on the Relevant Interest Payment Date corresponding to such Relevant Interest Calculation Period.

More Definitions of Interest Calculation Period

Interest Calculation Period means the period from but excluding, (i) in the case of the Asset Backed Loan to the First Trust, the Drawdown Date and (ii) in the case of the Second Trust, the Drawdown Date to the Second Trust, to and including, in each case, the initial Second Trust Payment Date, and thereafter means the respective periods from but excluding the immediately preceding Second Trust Payment Date to and including the following Second Trust Payment Date. In the event that: (i) the first or last Interest Calculation Period is longer than one calendar month, such Interest Calculation Period shall be deemed to be a period of 30 days plus the number of calendar days in excess of such calendar month; and (ii) the first or last Interest Calculation Period is shorter than one calendar month, such Interest Calculation Period shall be deemed to be a period of 30 days minus the number of calendar days short of such calendar month.

Interest Calculation Period means with respect to any period, the period from and including the most recent Interest Reset Date (or from and including the date of issue in the case of the first Interest Reset Date) to but excluding the next succeeding Interest Reset Date for which accrued interest is being calculated.

Interest Calculation Period means the period, in the case of first such period, commencing on the Disbursement Date and ending on the first Interest Payment Date (December 28, 2011), and thereafter commencing on each Interest Payment Date and ending on the next succeeding Interest Payment Date first to occur since each such commencement date.

Interest Calculation Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the next succeeding Interest Period End Date and each successive period beginning on (and including) an Interest Period End Date and ending on (but excluding) the next succeeding Interest Period End Date, provided that if the Securities are to be redeemed prior to the Scheduled Redemption Date and prior to an Interest Period End Date then the final Interest Calculation Period shall end on (but excluding) the early redemption date.

Interest Calculation Period means the period set out in of the Mortgage Form.

Interest Calculation Period means the Calculation Period indicated in the Charge.

Interest Calculation Period means, with respect to the first Interest Calculation Period, the period from but excluding, (i) in the case of the Asset Backed Loan Agreement to the First Trust, the Drawdown Date, and (ii) in the case of Asset Backed Loan Agreement to the Second Trust, the Drawdown Date to the Second Trust, to and including the initial Second Trust Payment Date, and thereafter means the respective periods from but excluding the immediately preceding Second Trust Payment Date to and including the following Second Trust Payment Date. In the event that either the first or last Interest Calculation Period is longer or shorter than a full month, calculations with respect to such periods will be based on a full month, plus/minus such additional/fewer days.