Six-Month Interest Period definition

Six-Month Interest Period means the period beginning on each Interest Payment Date for the Notes and ending on the day immediately preceding the commencement of the next following Interest Payment Date for the Notes. The initial Six-Month Interest Period will begin on the first Interest Payment Date for the Notes.
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Six-Month Interest Period has the meaning specified in Section 301.
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Six-Month Interest Period means a period of one hundred and eighty (180) consecutive days during which the Loan shall bear interest at the Six Month Rate.
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Examples of Six-Month Interest Period in a sentence

  • Such rate is subject to adjustment as of the first day of any Six-Month Interest Period based on changes in the ratings of the Notes, as provided in Section 301 of the Indenture.

  • The annual interest rate on the Notes will increase by 0.25% beginning on the first day of any Six-Month Interest Period (as defined below) if as of such day the Notes have a Triple-B Rating (as defined below), and likewise it will increase by 0.50% in excess of the initial rate beginning on the first day of any Six-Month Interest Period if as of such day the Notes have either a Non-IG Rating (as defined below) or no rating from any NRSRO.

  • In the event that the annual interest rate on the Notes increases due to one or more downgrades, the rate will revert to the initial interest rate beginning on the first day of any Six-Month Interest Period if as of such day the Notes have a Single-A Rating (as defined below), and it will revert to 0.25% over the initial interest rate beginning on the first day of any Six-Month Interest Period if as of such day the Notes have been upgraded from a Non-IG Rating to a Triple-B Rating.

  • Such rate is subject to adjustment as of the first day of any Six-Month Interest Period based on changes in the Ratings of the Notes, as provided in Section 301 of the Indenture.

  • In the event that the annual interest rate on the Notes increases due to one or more downgrades, the rate will revert to the initial interest rate beginning on the first day of any Six-Month Interest Period if as of such day the notes have a Single-A Rating (as defined below), and it will revert to 0.25% over the initial interest rate beginning on the first day of any Six-Month Interest Period if as of such day the notes have been upgraded from a Non-IG Rating to a Triple-B Rating.

  • Such rate is subject to adjustment as of the first day of any Six-Month Interest Period based on changes in the ratings of the Notes as provided in Section 301 of the Indenture.

  • In the event the annual interest rate on the Notes increases due to a downgrade or because the Notes have no rating from any Designated NRSRO, the rate will revert to the initial annual interest rate beginning on the first day of any Six-Month Interest Period if as of such day the Notes have at least a Triple-B Rating (as defined below).

  • Such rate is subject to adjustment as of the first day of any Six-Month Interest Period based on changes in the ratings of the Notes, as provided in Section 3.1 of the Indenture.


More Definitions of Six-Month Interest Period

Six-Month Interest Period has the meaning specified in Section 3.1.
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