First Interest Period definition

First Interest Period means the period beginning on and including the Interest Commencement Date and ending on (but excluding) the First Interest Payment Date;

First Interest Period means, with regard to any Financial Assistance provided under a Facility, the period commencing on (and including) its Disbursement Date and ending on (but excluding) the first Payment Date as specified in the relevant Confirmation Notice for that Facility.

First Interest Period means the period beginning on and including the Drawdown Date and ending on (but excluding) the first Interest Payment Date;

Examples of First Interest Period in a sentence

• Notwithstanding the foregoing, interest for the First Interest Period in respect of the Bonds to be issued on the Issue Date may be paid in advance pursuant to the relevant subscription agreement.

• In the case of the First Interest Period and the Last Interest Period, the amount of interest payable shall be calculated as set out in Condition 6(d) (Calculation of interest for any other period).

• For the First Interest Period, the Last Interest Period and for any period other than an Interest Period, interest will be rounded as aforesaid, calculated on the basis of a year of 360 days consisting of 12 months of 30 days each and, in the case of an incomplete month, the actual number of days elapsed, from (and including) the first day of the period to (but excluding) the last day of the period.

• The amount of interest payable in respect of each Note for any Interest Period (other the First Interest Period and the Last Interest Period) shall be calculated by applying the Rate of Interest to the principal amount of such Note, dividing the product by two and rounding the resulting figure to the nearest cent (half a cent being rounded upwards).

• Interest on an Instalment shall accrue for any Interest Period from the Disbursement Date (for the First Interest Period; including any interest accrued until the Disbursement Date under the corresponding Borrowing Contracts) or the Due Date of the previous interest payment (for the subsequent Interest Periods) until the date immediately preceding the next Due Date.

More Definitions of First Interest Period

First Interest Period. The first Interest Period commences on (and includes) the first Drawdown Date and ends on (but excludes) the next Distribution Date.

First Interest Period has the meaning ascribed to it in Condition 4.1;

First Interest Period means, with regard to any Financial Assistance provided under a Facility, the period commencing on (and including) its Disbursement Date and ending on (but excluding) the first Interest Payment Date.

First Interest Period has the meaning assigned in Section 2.2.

First Interest Period. The first Interest Period for a Drawing commences on (and includes) the Drawdown Date of that Drawing and ends on (but excludes) the next Quarterly Distribution Date.

First Interest Period means the period described as such in Section 2.03(a).

First Interest Period means the period beginning on (and including) the Closing Date and ending on (but excluding) the Interest Payment Date falling on 26 January 2021;