Interest Rate Adjustment Date. With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.
Interest Rate Adjustment Date means the date on which an adjustment to the Mortgage Interest Rate with respect to each Mortgage Loan becomes effective.
Interest Rate Adjustment Date. With respect to an ARM Mortgage Loan, the date on which an adjustment to the Mortgage Interest Rate on a Mortgage Note becomes effective.
Examples of Interest Rate Adjustment Date in a sentence
With respect to adjustable rate Purchased Mortgage Loans, the Mortgage Interest Rate is adjusted on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest .125%) subject to the Mortgage Interest Rate Cap.
More Definitions of Interest Rate Adjustment Date
Interest Rate Adjustment Date for each Mortgage Loan means any date on which the Loan Rate is adjusted in accordance with the related Credit Line Agreement.
Interest Rate Adjustment Date. With respect to each Mortgage Loan, the date or dates on which the Mortgage Rate is adjusted in accordance with the related Mortgage Note.
Interest Rate Adjustment Date. As to each Mortgage Loan, the Due Date on which an adjustment to the Mortgage Interest Rate of such Mortgage Loan becomes effective.
Interest Rate Adjustment Date means, with respect to an Adjustable Rate Mortgage Loan, the date on which the Mortgage Interest Rate is adjusted with respect to such Mortgage Loan. The first Interest Rate Adjustment Date for each Adjustable Rate Mortgage Loan is set forth on the Mortgage Loan Schedule.
Interest Rate Adjustment Date means with respect to each adjustable rate Mortgage Loan, the date, specified in the related Mortgage Note and the Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.
Interest Rate Adjustment Date. The date on which an adjustment to the Mortgage Interest Rate on a Mortgage Note becomes effective.
Interest Rate Adjustment Date. With respect to each HELOC, the date or dates on which the Loan Rate is adjusted in accordance with the related Loan Agreement.