Interest Rate Change Date definition
Interest Rate Change Date means for each Accrual Period, the date or dates, based on the applicable Index, on which the rate of interest for the Reset Rate Notes bearing interest at a floating rate is to be reset.
Interest Rate Change Date. The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.
Interest Rate Change Date means the first day of each one-month period; provided, however, that if any such day is not a Business Day, at Lender’s option, the Interest Rate Change Date shall be the next succeeding Business Day.
Examples of Interest Rate Change Date in a sentence
Except as noted below, the Index is equal to “SOFR” (as hereafter defined) adjusted and determined, without the necessity of notice to the Borrower, as of the date of this Note and on each Interest Rate Change Date.
More Definitions of Interest Rate Change Date
Interest Rate Change Date means the date two (2) Business Days after the delivery to Lender of the quarterly or year-end financial statements of Borrowers, which initial change date shall occur after the delivery to Lender of the financial statements of Borrowers for the fiscal year ending in December 2011.
Interest Rate Change Date means the first Business Day of each month.
Interest Rate Change Date shall be the first day of each Interest Rate Period.
Interest Rate Change Date means for each Accrual Period, the date or dates, based on the applicable Index, on which the rate of interest for any class of Notes bearing interest at a floating rate is to be reset.
Interest Rate Change Date means the first day of each one month period.
Interest Rate Change Date means (a) the first business day of Citibank, N.A., in New York, New York, during the calendar month following the date of the initial advance of the loan evidenced by this Note and (b) the first business day of Citibank, N.A., during each successive month thereafter.
Interest Rate Change Date means (a) the first business day of Citibank, N.A., in New York, New York, during the calendar month following the date of the initial advance of the loan evidenced by this Note and (b) the first business day of Citibank, N.A., during each successive month thereafter. The principal sum of this Note shall be repaid in the manner set forth in the Loan Agreement (as defined below), the applicable provisions of which are incorporated herein by reference as if fully set forth herein.