Common use of Rate Adjustment Date and Payment Adjustment Dates Clause in Contracts

Rate Adjustment Date and Payment Adjustment Dates. The rate of interest on the outstanding principal balance hereof from time to time shall be adjusted on the following dates (each being a "Rate Adjustment Date"): the first Rate Adjustment Date shall be on September 1, 2000, and subsequent Rate Adjustment Dates shall fall on the first day of each calendar month thereafter. The first payment adjustment date shall be October 1, 2000, and subsequent payment adjustment dates shall fall on the first day of each calendar month thereafter during the term of the Loan.

Appears in 3 contracts

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp), Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)

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Rate Adjustment Date and Payment Adjustment Dates. The rate of interest on the outstanding principal balance hereof from time to time shall be adjusted on the following dates (each being a "Rate Adjustment Date"): the first Rate Adjustment Date shall be on September August 1, 20002002, and subsequent Rate Adjustment Dates shall fall on the first day of each calendar month thereafter. The first payment adjustment date shall be October August 1, 20002002, and subsequent payment adjustment dates shall fall on the first day of each calendar month thereafter during the term of the Loan.

Appears in 1 contract

Samples: Arv Assisted Living Inc

Rate Adjustment Date and Payment Adjustment Dates. The rate of interest on the outstanding principal balance hereof from time to time Note Rate shall be adjusted on the following dates (each being a "Rate Adjustment Date"): the ) described in this paragraph. The first Rate Adjustment Date shall be on September January 1, 20002003, and subsequent Rate Adjustment Dates shall fall on the first day of each calendar subsequent month thereafter. The first payment adjustment date shall be October February 1, 20002003, and subsequent payment adjustment dates shall fall on the first day of each calendar month thereafter during the term of the Loan.

Appears in 1 contract

Samples: American Retirement Corp

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Rate Adjustment Date and Payment Adjustment Dates. The interest rate of interest on the outstanding principal balance hereof from time to time shall be adjusted on the following dates (each being a "Rate Adjustment Date"): the ) described in this paragraph. The first Rate Adjustment Date shall be on September March 1, 20002001, and subsequent Rate Adjustment Dates shall fall on the first day of each calendar subsequent one month anniversary thereafter. The first payment adjustment date shall be October April 1, 20002001, and subsequent payment adjustment dates shall fall on the first day of each calendar month thereafter during the term of the Loan."

Appears in 1 contract

Samples: Advocat Inc

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