Payment Reset Date definition

Payment Reset Date means each anniversary of the First Payment Date.
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Payment Reset Date. With respect to each Adjustable Rate Loan, the first day of the calendar year or, if such day is not a Business Day, the next succeeding Business Day.
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Examples of Payment Reset Date in a sentence

  • Amortizing Payments shall be in a fixed amount for each year, commencing on the Amortization Start Date and on each anniversary thereof (each a “Payment Reset Date’’), based on a 40-month amortization (commencing on the Amortization Start Date) of the projected principal balance of the Term Loan on the Payment Reset Date at the Applicable Rate, in each case, as determined on the date that is 45 days prior to the Payment Reset Date (or, if such date is not a Business Day, the next succeeding Business Day).

  • Next Payment Reset Date The next date that any payment reset is scheduled to occur.

  • Number Next Payment Reset Date The next date that any payment reset is scheduled to occur.

  • Number ------------------------------------------------------------------------------------------------------------------------------ Next Payment Reset Date The next date that any payment reset is scheduled to occur.