Interest Rate Conversion Date definition

Interest Rate Conversion Date means the effective date of the Interest Rate Conversion upon which the new interest rate applies. This date shall be set forth in the Conversion Notification Letter.

Interest Rate Conversion Date means, for an Interest Rate Conversion, such date as the Bank shall determine on which the Interest Rate Conversion enters into effect, as further specified in the Conversion Guidelines.

Interest Rate Conversion Date means that date which is the first day of the first month immediately following receipt by Payee of an applicable Interest Rate Notice of Election.

Examples of Interest Rate Conversion Date in a sentence

• On each Interest Rate Conversion Date (each month end date), the Administrator will calculate the Conversion Margin Reserve Fund Required Amount, equal to the difference between the new teaser rate and the reversionary rate, for the term of the discount period for Interest Rate Conversions.

• Each such Notice of Interest Rate Conversion shall specify (i) the Revolving Credit Loans to be so converted, (ii) the requested Interest Rate Conversion Date, and (iii) the respective amounts of each LIBOR Rate Loan and the Interest Period with respect thereto.

• Each such Notice of Interest Rate Conversion shall specify (i) the Loans to be so converted, (ii) the requested Interest Rate Conversion Date, and (iii) the respective amounts of each Eurodollar Rate Loan and the Interest Period with respect thereto.

• With respect to any Prime Rate Advance, Company has the right, on any or Business Day, as the case may be (a "Interest Rate Conversion Date"), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

• With respect to any Prime Rate Advance, Company has the right, on any Business Day, as the case may be (a “Interest Rate Conversion Date”), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

More Definitions of Interest Rate Conversion Date

Interest Rate Conversion Date means the Payment Due Date coinciding with the expiration of any applicable One Month LIBOR Rate Interest Period.

Interest Rate Conversion Date shall have the meaning set forth in Section 2.4(b).

Interest Rate Conversion Date means the date upon which Agent receives evidence in form and substance satisfactory to Agent (i) of the closing of the Equity Transaction (without material contingencies or post closing items); (ii) that Borrower has resumed Normal Construction Activity on the Construction Facilities and the Tequesta Facilities; and (iii) that Borrower has cured all Events of Default and those events which would constitute an Event of Default but for notice and the expiration of relevant cure periods, unless the same have been expressly waived in writing by Agent.

Interest Rate Conversion Date means the date on which Payee makes to Maker an Advance with respect to which Maker has exercised its Interest Rate Conversion Option.

Interest Rate Conversion Date means, with respect to the Permanent Loan Amount, the earlier of (i) , 20 , subject to extension at the sole discretion of the Servicer, and (ii) the first day of the month following the month in which the Conversion Date occurs.

Interest Rate Conversion Date shall have the meaning set forth in Section 2.11(b)(i).

Interest Rate Conversion Date means, as to each Loan, February 1, 2023.