Interest Change Date definition

Interest Change Date means the first (1st) day of August 2017 and the first (1st) day of every month thereafter until the Revolving Maturity Date.

Interest Change Date means the day following the earlier to occur of (i) seven years following the date of this Agreement, or (ii) the date as of which the cumulative amount of Available Cash Flow distributed to the Limited Partners by the Partnership equals 200% of the total Capital Contributions of the Limited Partners.

Interest Change Date and “Note Rate” set forth in Section 13 of the Loan Agreement are hereby deleted in their entireties.

Examples of Interest Change Date in a sentence

• Notwithstanding the foregoing, if the Interest Change Date is not the last day of a month, Net Income or Net Loss of the Company for the month in which the Interest Change Date occurs shall be prorated on a daily basis between the portion of the month ending on the Interest Change Date and the remainder of such month.

• The Variable Rate for the next Interest Period shall change on each Interest Change Date based on changes in the LIBOR Rate.

• The monthly payment will change after each Interest Change Date to an amount sufficient to repay the then unpaid principal balance of this Note in full at the then current interest rate, in substantially equal monthly payments over the balance of the amortization period specified above.

• 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.

• 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.

More Definitions of Interest Change Date

Interest Change Date means, with respect to the REVOLVING LOAN, the first (1st) calendar day of each quarter on which the Index applicable to the REVOLVING LOAN will adjust to the Three (3) Month LIBOR RATE which is published in The Wall Street Journal as the reported rate for the date that is two LONDON BANKING DAYS prior to each such INTEREST RATE CHANGE DATE; with respect to the TERM LOANS other than the FIXED RATE II TERM LOAN, the eighth calendar day of each quarter on which the Index applicable to the TERM LOANS other than the FIXED RATE II LOAN will adjust to the Three (3) Month LIBOR RATE which is published in The Wall Street Journal as the reported rate for the date that is two LONDON BANKING DAYS prior to each such INTEREST RATE CHANGE DATE and with respect to the FIXED RATE II TERM LOAN, the last calendar day of each quarter on which the Index applicable to the FIXED RATE II LOAN will adjust to the Three (3) Month LIBOR RATE which is published in The Wall Street Journal as the reported rate for the date that is two LONDON BANKING DAYS prior to each such INTEREST RATE CHANGE DATE. 7. Section 2.6(a) of the AGREEMENT is hereby deleted in its entirety and the following is inserted in lieu thereof:

Interest Change Date means the date of any regularly scheduled adjustment in the interest rate on the Term Note.

Interest Change Date means, with respect to the REVOLVING LOAN, the first (1st) calendar day of each month on which the Index applicable to the REVOLVING LOAN will adjust to the One (1) Month LIBOR RATE which is published in The Wall Street Journal as the reported rate for the date that is two LONDON BANKING DAYS prior to each such INTEREST RATE CHANGE DATE; and with respect to the Refinance Term Loan, the eighth calendar day of each quarter on which the Index applicable to the Refinance Term Loan will adjust to the Three (3) Month LIBOR RATE which is published in The Wall Street Journal as the reported rate for the date that is two LONDON BANKING DAYS prior to each such INTEREST RATE CHANGE DATE. 5. The definition of the term “INTEREST PERIOD” in Section 1.25 of the AGREEMENT is hereby amended by inserting “and Refinance Term Loan” after LONG TERM REVOLVING NOTES. 6. The definition of the term “LOANS” in the Recital to the Agreement is hereby amended to include the Refinance Term Loan provided for in this Amendment below. 7. The definition of the term “LOAN DOCUMENTS” in Section 1.27 of the AGREEMENT is hereby amended to include the Refinance Term Notes. 8. Section 1 of the AGREEMENT entitled “Definitions” is hereby amended by inserting the following defined terms at the end of such Section 1:

Interest Change Date the date of any regularly scheduled adjustment in the interest rate on the Notes.

Interest Change Date means that date during the period from the Closing Date through the Conversion Date or Maturity Date, as applicable, on which the effective interest rate on the Loan changes, and such date shall be the first day of each calendar month.

Interest Change Date means the first (1 st ) day of August 2017 and the first (1 st ) day of every month thereafter until the Term Maturity Date.

Interest Change Date means the first day of the first calendar month following the Disbursement Date and the first day of each calendar month occurring at one (1) month intervals thereafter.