Periodic Interest Accrual Period means, with respect to any Class of Secured Notes (i) in the case of the initial Periodic Interest Accrual Period, the period from, and including, the Closing Date to, but excluding, the Initial Payment Date, (ii) in the case of the first Periodic Interest Accrual Period for the Class A-R Notes, the Class B-R Notes, the Class C-R Notes, the Class D-R Notes and the Class E-R Notes, the First Refinancing Note Interest Accrual Period, (iii) in the case of the first Periodic Interest Accrual Period for the Class X Notes, the period from, and including, the 2016 Refinancing Date, to, and excluding, the Payment Date in April 2017, and (iv) in the case of the first Periodic Interest Accrual Period for the Class X-R2 Notes, Class A-R2 Notes, the Class B-R2 Notes, the Class C-R2 Notes, the Class D-R2 Notes and the Class E-R2 Notes, the period from, and including the 2019 Reset Date to, but excluding, the Payment Date in July 2019, and
Periodic Interest Accrual Period means (i) the period from and including the Closing Date, to but excluding the initial Payment Date, and (ii) thereafter, with respect to each Payment Date, the period beginning on the first day following the end of the preceding Periodic Interest Accrual Period and ending on the day before such Payment Date.
Periodic Interest Accrual Period means, with respect to any Class of Secured Notes (i) in the case of the initial Periodic Interest Accrual Period, the period from, and including, the Closing Date to, but excluding, the Initial Payment Date and (ii) thereafter, each successive period from, and including, each Payment Date to, but excluding, the next succeeding Payment Date, provided that, in the case of any Optional Redemption, Clean-Up Call Redemption, Partial Redemption by Refinancing or Re-Pricing occurring on a non-Payment Date, the Periodic Interest Accrual Period shall be the period from, and including, the prior Payment Date, to, but excluding, the Redemption Date, Clean-Up Call Redemption Date orRe-Pricing Date, as applicable; provided further, that in the case of a Partial Redemption by Refinancing occurring on a non-Payment Date, such shorter Periodic Interest Accrual Period shall apply only to the Class(es) of Secured Notes subject to the Partial Redemption by Refinancing.
Examples of Periodic Interest Accrual Period in a sentence
Interest on the Notes and Funding Notes shall be computed for each Periodic Interest Accrual Period on the basis of a 360-day year and the actual number of days in which the respective Notes or Funding Notes, as applicable, were Outstanding in such Periodic Interest Accrual Period.
The Co-Issuers hereby agree that for so long as any of the Notes remain Outstanding there will at all times be an agent appointed to calculate One-Month LIBOR in respect of each Periodic Interest Accrual Period in accordance with the terms of Schedule 7 hereof (the "Calculation Agent").
The Co-Issuers hereby appoint the Trustee as Calculation Agent for purposes of determining One-Month LIBOR for each Periodic Interest Accrual Period.
More Definitions of Periodic Interest Accrual Period
Periodic Interest Accrual Period means, in respect of each Class of Notes, the period from and including the Closing Date (or in the case of a Class that is subject to Refinancing, the Payment Date upon which the Refinancing respectively occurs) to, but excluding, the Initial Payment Date (or in the case of a Class that is subject to Refinancing, the first Payment Date following the Refinancing) and each successive period from and including each Payment Date to, but excluding, the following Payment Date; provided that solely for the purposes of calculating interest payable on the basis of a 360 day year consisting of 12 months of 30 days each in accordance with Condition 6.5(a) (Fixed Rate of Interest), the Payment Date shall not be adjusted if the relevant Payment Date falls on a day other than on a Business Day.
Periodic Interest Accrual Period means (i) with respect to the initial Payment Date, the period from and including the Closing Date to, but excluding, such Payment Date, and (ii) thereafter, with respect to each Payment Date, the period from and including the first day following the end of the preceding Periodic Interest Accrual Period and ending on (and including) the day before such Payment Date; provided, however, that with respect to only the Class C-2 Notes (for each Payment Date falling on or before the Payment Date in December 2011) and the Class C-3 Notes (for all Payment Dates), the Periodic Interest Accrual Period for each such Payment Date shall end on the day before March 26, June 26, September 26 and December 26 regardless of whether such day is a Business Day.
Periodic Interest Accrual Period means (A) (i) in the case of the initial Periodic Interest Accrual Period (subject to the following clause (B)), the period from, and including, the Closing Date to, but excluding, the first Payment Date and (ii) thereafter, the period from, and including, the Payment Date immediately following the last day of the immediately preceding Periodic Interest Accrual Period to, but excluding, the next succeeding Payment Date and (B) with respect to any Borrowing made under the Class A-1 Notes, (i) the period from the date of such Borrowing to the first Payment Date thereafter; and
Periodic Interest Accrual Period means (A) with respect to any Secured Notes other than the Class A-1 Notes, (i) in the case of the initial Due Period, the period from, and including, the Closing Date to, but excluding, the first Payment Date and (ii) thereafter, the period from, and including, the Payment Date immediately following the last day of the immediately preceding Due Period to, but excluding, the next succeeding Payment Date and (B) with respect to any Borrowing made under the Class A-1 Notes, (i) the period from the date of the relevant Borrowing to the first Payment Date thereafter and (ii) after the initial Due Period for such Borrowing, each successive period from the last day of the Payment Date to the next succeeding Payment Date until such Borrowing is paid in full; provided that, in each case, if the nominal Payment Date is not a Business Day, the Payment Date shall be adjusted to fall on the next succeeding Business Day.
Periodic Interest Accrual Period means, with respect to any Class of Secured Notes (i) in the case of the initial Periodic Interest Accrual Period, the period from, and including, the Closing Date to, but excluding, the Initial Payment Date, and (ii) thereafter, each successive period from, and including, each Payment Date to, but excluding, the next succeeding Payment Date.
Periodic Interest Accrual Period means, with respect to any Class of Secured Notes (i) in the case of the initial Periodic Interest Accrual Period, the period from, and
Periodic Interest Accrual Period means, with respect to any Class of Secured Notes (i) in the case of the initial Periodic Interest Accrual Period, the period from, and including, the Closing Date to, but excluding, the Initial Payment Date (or, in the case of the Replacement Notes and the Class X Notes, the period from, and including, the Initial