Interest Rate Adjustment Date Sample Clauses
The Interest Rate Adjustment Date clause defines the specific date on which the interest rate applicable to a loan or financial instrument will change, typically in accordance with a predetermined schedule or in response to changes in a reference rate. For example, in a variable-rate loan, this date might occur annually or semi-annually, at which point the interest rate is recalculated based on the current benchmark rate plus a margin. This clause ensures both parties are aware of when rate changes will occur, providing predictability and transparency in the calculation of interest payments.
Interest Rate Adjustment Date. As to any ARM Loan, the date specified in a Mortgage Note on which the Mortgage Interest Rate for the related Mortgage Loan is subject to adjustment.
Interest Rate Adjustment Date. The date on which an adjustment to the Mortgage Interest Rate with respect to each ARM Mortgage Loan becomes effective
Interest Rate Adjustment Date. Notwithstanding any provision to the contrary in the Indenture, this Note will be subject to redemption at the option of the Company without notice to the Holder hereof on any Interest Rate Adjustment Date therefor at a redemption price equal to the principal amount hereof plus accrued and unpaid interest, if any, to such date. OPTIONAL REDEMPTION WHILE THIS NOTE IS IN THE LONG TERM RATE MODE. So long as this Note bears interest in the Long Term Rate Mode, this Note is subject to redemption at the option of the Company at the times and upon the terms specified at the time of conversion to such Long Term Rate Mode and set forth in Annex A.
Interest Rate Adjustment Date. With respect to each Mortgage Loan that bears an adjustable rate of interest, the date set forth in the related Mortgage Note and indicated on the Mortgage Loan Schedule, on which the related Mortgage Rate is subject to adjustment.
Interest Rate Adjustment Date. 31 LIBOR......................................................................... 31
Interest Rate Adjustment Date. As to each Mortgage Loan, the initial Due Date on which an adjustment to the Mortgage Interest Rate of such Mortgage Loan becomes effective.
Interest Rate Adjustment Date the tenth Business Day after Lender receives the applicable Quarterly Compliance Certificate.
Interest Rate Adjustment Date. See definition of Applicable Margin. -----------------------------
Interest Rate Adjustment Date. The 1st day of January, April, July and October of each year commencing July 1, 1997.