Examples of LIBO Interest Period in a sentence
At oral argument, OSM contended that the adjective “scheduled” caused the plain meaning of the phrase “scheduled payment” to refer only to the payments scheduled in the original Loan Agreement in reference to the last day of each LIBO Interest Period.
The Borrowers shall notify the Agent by telephone no later than 11:00 A.M. at least three London Business Days in advance of each proposed LIBO Loan, specifying the date and the amount of the proposed LIBO Loan and the length of the proposed LIBO Interest Period, and the Agent shall in turn notify each other Bank of the proposed LIBO Loan by 11:00 A.M. on the second London Business Day preceding the proposed LIBO Loan.
Request for Advances at the LIBO Rate shall be made on written notice from the Borrower to the Agent received by the Agent no later than 11:00 a.m. (Central Time) on the third (3rd) Business Day before such LIBO Rate Advance, specifying the amount thereof (including the amount of each Tranche, if more than one) and the LIBO Interest Period (or interest Periods, if more than one tranche).
If any LIBO Interest Period would end on a date which is not a Business Day, such LIBO Interest Period shall be extended to the next succeeding Business Day.
On 6 December 2017 the remaining 52.67% of the company was acquired and it became a wholly owned subsidiary from that date.