Payment Adjustment Date definition

Payment Adjustment Date. With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

Payment Adjustment Date. A date specified in each Mortgage Note as a date on which the Scheduled Payment for the related Mortgage Loan is subject to adjustment.

Payment Adjustment Date. As to each Mortgage Loan, the date on which an adjustment to the Monthly Payment on a Mortgage Note becomes effective.

Examples of Payment Adjustment Date in a sentence

• With respect to each Mortgage Loan, the Seller shall adjust the Mortgage Interest Rate on the related Interest Adjustment Date and shall adjust the Monthly Payment on the related Payment Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note.

• On each Monthly Payment Date, the Company shall make the monthly payments to the Holder in whose name this Global Note is registered at the close of business on the relevant Record Dates following the related Monthly Payment Adjustment Date.

• Mortgage Payment Adjustment Date With respect to any adjustable rate Mortgage Loan backing a Ginnie Mae II Certificate, the first day of the month immediately following the month in which the Mortgage Rate Adjustment Date for the Mortgage Loan occurs.

• In any event, the Vendor has undertaken that the actual total liabilities on the Payment Adjustment Date will not exceed RMB900 million.

• It is stipulated in the Agreement that upon 31 March 2015, the Payment Adjustment Date, the final Consideration will be fixed, and upon when the Target Group will comprise principally the completed Project, with the expected total liabilities of approximately RMB835.1 million.

More Definitions of Payment Adjustment Date

Payment Adjustment Date. The date on which Monthly Payments shall be adjusted. Payment Adjustment Date shall occur on the date which is eleven months from the first payment date for the Mortgage Loan, unless otherwise specified in the Mortgage Note, and on each anniversary of such first Payment Adjustment Date.

Payment Adjustment Date. With respect to each Negative Amortization Mortgage Loan, the date on which Monthly Payments shall be adjusted. A Payment Adjustment Date with respect to a Negative Amortization Mortgage Loan shall occur on each anniversary date of the first payment date for the Mortgage Loan.

Payment Adjustment Date. With respect to each Adjustable Rate Mortgage Loan, the first date on which payments thereon may be adjusted and all subsequent such dates of adjustment, as set forth in the related Final Mortgage Loan Schedule and in the related Mortgage Note.

Payment Adjustment Date. With respect to each Adjustable Rate Mortgage Loan, if any, any date on which the related Monthly Payment is subject to adjustment pursuant to the related Mortgage Note. The first Payment Adjustment Date subsequent to the Cut-off Date for each Adjustable Rate Mortgage Loan, if any, is specified in the Mortgage Loan Schedule, and successive Payment Adjustment Dates for such Adjustable Rate Mortgage Loan shall thereafter periodically occur with the frequency specified in the Mortgage Loan Schedule.

Payment Adjustment Date. With respect to each Adjustable Rate Mortgage Loan, the first Payment Adjustment Date, as set forth in the Mortgage Loan Schedule and in the related Mortgage Note, and each anniversary thereof, on which the amount of the Monthly Payment on an Adjustable Rate Mortgage Loan may adjust.

Payment Adjustment Date. With respect to each negative amortization loan, the date set forth in the related Mortgage Note on which the Monthly Payment may change each month. The first Payment Adjustment Date as to each negative amortization loan is set forth in the Mortgage Loan Schedule.

Payment Adjustment Date. As to each ARM Mortgage Loan, the date on which an adjustment to the Monthly Payment on a Mortgage Note becomes effective.