Examples of Change Date in a sentence
The new Note Rate which becomes effective on each Interest Change Date shall be equal to the Current Index applicable on the Interest Change Date plus 1.50% per annum, rounded upward to the nearest 0.125%, subject to section 2.2(b) below.
If Index Rate is chosen then if the Current Index on any Interest Change Date is different from the Current Index on the most recent Interest Change Date (or the Current Index on August 1, 2017), then Lender shall increase or decrease the Note Rate in accordance with this section 2.2(a) effective on each Interest Change Date.
Each date on which the interest rate may change is called the “Change Date.” On each Change Date, Lender will calculate the new interest rate in the same manner as described above.
Prior to any Change Date, a Participant may submit in writing, on a form furnished by the Employer, an election to change or reallocate the investment of his or her accounts.
Any such change shall be made in writing, on a form furnished by the Employer, which shall be returned prior to the applicable Change Date.