Examples of LIBOR Index Rate Period in a sentence
The Calculation Agent shall determine the LIBOR Index Rate on each Computation Date during the LIBOR Index Rate Period, and such rate shall become effective on the LIBOR Index Reset Date next succeeding the Computation Date and interest at such rate shall accrue each day during such LIBOR Index Rate Period, commencing on and including the first day of such period to but excluding the last day of such period.
During each LIBOR Index Rate Period, the Bonds shall, subject to subsection (3) of this Section 2.03(b), bear interest at the LIBOR Index Rate.
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The Applicable Factor will remain constant for the duration of the LIBOR Index Rate Period.
The Calculation Agent shall determine the LIBOR Index Rate on each Computation Date during the LIBOR Index Rate Period, and such rate shall become effective on the LIBOR Index Reset Date next succeeding such Computation Date and interest at such rate shall accrue each day during such LIBOR Index Rate Period, commencing on and including the first day of such period to but excluding the Purchase Date.