## Examples of *LIBOR Interest Period* in a sentence

The Adjusted LIBOR Rate shall apply to the entire principal balance outstanding of a LIBOR Advance for any

**LIBOR Interest Period**.If no interest period is specified in any such notice for which the resulting advance is to bear interest under the LIBOR Option, the Borrower shall be deemed to have selected a

**LIBOR Interest Period**of one month’s duration.In the case of converting to the LIBOR Option, such notice shall be given at least three (3) Business Days prior to the commencement of any

**LIBOR Interest Period**.Each LIBOR Rate Advance shall bear interest from and including the first day of the

**LIBOR Interest Period**applicable thereto to (but not including) the last day of such**LIBOR Interest Period**at the interest rate determined as applicable to such LIBOR Rate Advance.Nothing contained in this note, including without limitation the determination of any

**LIBOR Interest Period**or Lender's quotation of any LIBOR Borrowing Rate, shall be construed to prejudice Lender's right, if any, to decline to make any requested Advance or to require payment on demand.