XXXXX Interest Period definition

XXXXX Interest Period means, relative to any XXXXX Xxxx Loan, the period beginning on (and including) the date on which such XXXXX Xxxx Loan is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such XXXXX Interest Period shall end on the next preceding Business Day, (b) any XXXXX Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such XXXXX Interest Period) shall end on the last Business Day of the last calendar month of such XXXXX Interest Period and (c) no XXXXX Interest Period shall end after the final maturity for the applicable Facility.
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XXXXX Interest Period means, as to any XXXXX Loan, the period commencing on the date such XXXXX Loan is borrowed or continued as, or converted into, a XXXXX Loan and ending on the date one (1) or three (3) months (subject to availability) thereafter, as selected by the Borrower; provided, that: (i) if any XXXXX Interest Period would otherwise end on a day that is not a Business Day, such XXXXX Interest Period shall be extended to the following Business Day unless the result of such extension would be to carry such XXXXX Interest Period into another calendar month, in which event such XXXXX Interest Period shall end on the preceding Business Day, (ii) any XXXXX Interest Period that begins on a day for which there is no numerically corresponding day in the calendar month at the end of such XXXXX Interest Period shall end on the last Business Day of the calendar month at the end of such XXXXX Interest Period, (iii) the Borrower may not select any XXXXX Interest Period for a Eurocurrency Rate Loan denominated in Canadian Dollars which would extend beyond the Maturity Date; and (iv) the Borrower may not select any XXXXX Interest Period for a XXXXX Loan if, after giving effect to such selection, the aggregate principal amount of such XXXXX Loan having XXXXX Interest Periods ending after any date on which an installment of such XXXXX Loan is scheduled to be repaid would exceed the aggregate principal amount of such XXXXX Loan scheduled to be outstanding after giving effect to such repayment.
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XXXXX Interest Period in Section 1.1 (Definitions) of the Existing Credit Agreement is hereby amended by deleting the reference to “two,” appearing therein.
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Examples of XXXXX Interest Period in a sentence

  • If the XXXXX Benchmark Replacement is Adjusted Daily Compounded XXXXX, all interest payments will be payable on the last day of each XXXXX Interest Period.


More Definitions of XXXXX Interest Period

XXXXX Interest Period means (a) with respect to each Term XXXXX Loan, the initial period (subject to availability) of one (1) or three (3) months commencing on and including the date specified in the Accommodation Notice or conversion notice is made, or the XXXXX Rollover Date, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months as selected by the Borrower and notified to the Administrative Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; and (b) with respect to each Daily Compounded XXXXX Loan, the initial period (subject to availability) of approximately one (1) month or three (3) months commencing on and including the date on which the Accommodation Notice or conversion notice is made, or the XXXXX Rollover Date, as the case may be, applicable to such Daily Compounded XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months commencing on and including the last day of the prior XXXXX Interest Period; provided however that:
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XXXXX Interest Period means (a) with respect to each Term XXXXX Loan, the initial period (subject to availability of one (1) or three (3) months commencing on and including the Borrowing Date, the Conversion Date or the XXXXX Rollover Date, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period), and thereafter, each successive period (subject to availability) of approximately one (1) month or three (3) months (or such other period as the Administrative Agent and the Lenders permit) as selected by a Canadian Borrower and notified to the Administrative Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; and (b) with respect to each Daily Compounded XXXXX Loan, initial period (subject to availability) of 4166 - 0486 - 9966.2 4166 - 0486 - 9966.7
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XXXXX Interest Period means, with respect to any Term XXXXX Loan, the initial period (subject to availability) of one (1) or three (3) months commencing on and including the date specified in the Draw Request, Conversion Notice or Rollover Notice, as the case may be, applicable to such Term XXXXX Loan and ending on and excluding the last day of such initial period, and thereafter, each successive period (subject to availability) of approximately one (1) or three (3) months as selected by the Borrower and notified to the Agent in writing commencing on and including the last day of the prior XXXXX Interest Period; provided that, in any case, (i) in the case of the Rollover, the last day of each XXXXX Interest Period shall also be the first day of the next XXXXX Interest Period, (ii) the last day of each XXXXX Interest Period shall be a Business Day and if not, the Borrower shall be deemed to have selected a XXXXX Interest Period the last day of which is the first Business Day following the last day of the XXXXX Interest Period selected by the Borrower, unless such first Business Day is in a succeeding calendar month, in which case, the last day of such XXXXX Interest Period shall be the immediately preceding Business Day, and (iii) notwithstanding any of the foregoing, the last day of each XXXXX Interest Period shall be on or before the Maturity Date.
Sample 1
XXXXX Interest Period means, with respect to any XXXXX Xxxx Borrowing, the period beginning on (and including) the date on which such XXXXX Xxxx Borrowing is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (b) any XXXXX Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such XXXXX Interest Period) shall end on the last Business Day of the last calendar month at the end of such XXXXX Interest Period and (c) no XXXXX Interest Period shall extend beyond the Revolving Credit Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.
Sample 1
XXXXX Interest Period means, with respect to any XXXXX Xxxx Borrowing, the period beginning on (and including) the date on which such XXXXX Xxxx Borrowing is made or continued to (but excluding) the date which is one month thereafter; provided that (a) if any XXXXX Interest Period would end on a day other than a Business Day, such XXXXX Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (b) any XXXXX Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such XXXXX Interest Period) shall end on the last Business Day of the last calendar month at the end of such XXXXX Interest Period and (c) no XXXXX Interest Period shall extend beyond the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. “XXXXX Xxxx” shall mean, for any day (a “XXXXX Interest Day”), XXXXX for the day that is the fifth Business Day prior to (A) if XXXXX Interest Day is a Business Day, such XXXXX Interest Day or (B) if such XXXXX Interest Day is not a Business Day, the Business Day immediately preceding XXXXX Interest Day; provided that if the XXXXX Xxxx shall be less than zero, the XXXXX Xxxx shall be deemed to be zero. Any change in the XXXXX Rate due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrowers. If by 5:00 pm (London time) on the second (2nd) Business Day immediately following any day “i”, XXXXX in respect of such day “i” has not been published on the XXXXX Administrator’s Website and a Benchmark Replacement Date with respect to XXXXX has not occurred, then XXXXX for such day “i” will be XXXXX as published in respect of the first preceding Business Day for which XXXXX was published on the XXXXX - 78- CG&R Draft Current date: 03/02/2023 10:05 AM 63515514v23CG&R Draft Current date: 03/01/2023 4:17 PM 70014411v6
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Related to XXXXX Interest Period

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date;

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

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).