Interest Adjustment Period definition

Interest Adjustment Period means each successive one calendar month period during the Extension Period and until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through June 30, 2016. Therefore, the second Interest Adjustment Period will be the period from July 1, 2016 through July 31, 2016, and so on until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through March 31, 2015. Therefore, the second Interest Adjustment Period will be the period from April 1, 2015 through April 30, 2015, and so on until the entire Indebtedness is paid in full.

Examples of Interest Adjustment Period in a sentence

• The amount of the monthly installment of interest-only payable pursuant to this Section 3(d)(i) on an Installment Due Date will equal the product of (A) annual interest on the unpaid principal balance of this Note as of the first day of the Interest Adjustment Period immediately preceding the Installment Due Date at the Adjustable Interest Rate in effect for such Interest Adjustment Period, divided by 360, multiplied by (B) the number of days in such Interest Adjustment Period.

• The amount of the monthly installment of interest-only payable pursuant to this Section 3(d)(i) on an Installment Due Date will equal the product of (A) annual interest on the unpaid principal balance of this Note as of the first day of the Interest Adjustment Period immediately preceding the Installment Due Date at the Floating Interest Rate in effect for such Interest Adjustment Period, divided by 360, multiplied by (B) the number of days in such Interest Adjustment Period.

• The Index Rate for each Interest Adjustment Period shall equal (a) the Index plus (b) the Spread.

• Lender will have the right to apply amounts in the reserve toward the purchase of a replacement SOFR-indexed third-party cap if 30-day Average SOFR is above 1.25% and higher than 1-month LIBOR by more than 0.25% on the SOFR Determination Date for any Interest Adjustment Period.

• The amount of the monthly installment of interest only payable pursuant to this Section 3(d)(i) on an Installment Due Date shall equal the product of (A) annual interest on the unpaid principal balance of this Note as of the first day of the Interest Adjustment Period immediately preceding the Installment Due Date at the Adjustable Interest Rate in effect for such Interest Adjustment Period, divided by 360, multiplied by (B) the number of days in such Interest Adjustment Period.

More Definitions of Interest Adjustment Period

Interest Adjustment Period means the period commencing on an Interest Adjustment Date and ending on the day immediately preceding the next Interest Adjustment Date.

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through January 31, 2016. Therefore, the second Interest Adjustment Period will be the period from February 1, 2016 through February 29, 2016, and so on until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through November 30, 2017. Therefore, the second Interest Adjustment Period will be the period from December 1, 2017 through December 31, 2017, and so on until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through April 30, 2014. Therefore, the second Interest Adjustment Period will be the period from May 1, 2014 through May 31, 2014, and so on until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one calendar month period until the Funding Loan is paid in full, except that the first Interest Adjustment Period is the period from the Delivery Date through __________. [INSERT THE DATE OF THE LAST DAY OF THE CALENDAR MONTH IN WHICH THE CLOSING DATE OCCURS].

Interest Adjustment Period means each successive one (1) calendar month period until the entire Indebtedness is paid in full, except that the first Interest Adjustment Period is the period from the date of this Note through June 30, 2008. Therefore, the second Interest Adjustment Period shall be the period from July 1, 2008 through July 31, 2008, and so on until the entire Indebtedness is paid in full.

Interest Adjustment Period means each successive one (1) week period until the Funding Loan is paid in full commencing on each Thursday through and including the following Wednesday, except that the first Interest Adjustment Period is the period from the Delivery Date through and including the following Wednesday.