Appearance
Interest Period
Definition
The period of time during which a floating rate of interest is fixed for the borrower's loans. Typically 1, 2, 3 or 6 months.
Example
"Interest Period" means, as to each LIBOR Rate Loan, the period commencing on the date such LIBOR Rate Loan is disbursed or converted to or continued as a LIBOR Rate Loan and ending on the date one (1), two (2), three (3), or six (6) months thereafter, in each case as selected by the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation and subject to availability; provided that: