Examples of Initial Rate Adjustment Date in a sentence
Each such Auction Period shall commence on and include the first day following the expiration of the immediately preceding Auction Period and terminate on and include the day immediately preceding the next Remittance Day; provided, however, that in the case of the Auction Period that immediately follows the Initial Period for the Certificates, such Auction Period shall commence on and include the Initial Rate Adjustment Date.
The Initial Rate Adjustment Date for each Class of Notes shall be the Class Initial Rate Adjustment Date.
Each such Auction Period after the Initial Period shall commence on and include the day following the expiration of the immediately preceding Auction Period and terminate on and include the third Business Day of the following fourth week in the case of the Class A-3 Notes and the Class A-4 Notes; provided, however, that in the case of the Auction Period that immediately follows the Initial Period for the Auction Rate Notes, such Auction Period shall commence on the Initial Rate Adjustment Date.
From and after the first anniversary date of the Closing Date (the "Initial Rate Adjustment Date"), the Purchase Money Notes shall bear interest at a rate equal to the "Index" plus the Base Rate and subject to a floor and a ceiling as described herein.
WTAHC has established eligibility criteria for the distribution of lots/homes within the Town to persons or families of low and moderate income levels.