Rate Change Date definition

Rate Change Date. With respect to a REMIC II Regular Interest Component, the first month in which the pass-through rate for such component is equal to 0.00%.

Rate Change Date. With respect to any REMIC 1 Regular Interest, the Distribution Date occurring in the month set forth as the Rate Change Date for such REMIC 1 Regular Interest in the Preliminary Statement.

Rate Change Date. The date on which the Loan Interest Rate of each ARM is subject to adjustment in accordance with the related Promissory Note.

Examples of Rate Change Date in a sentence

• Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 0.015 9.999999 Modified Loans Only >= 0 to <= 1 153 Pre-Modification Next Interest Rate Change Date Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).

• From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.

• The Initial Adjustable Rate shall be in effect until the first Rate Change Date.

• On the first Rate Change Date and each Rate Change Date thereafter, the Adjustable Rate shall change until the Loan is repaid in full.

• The interest rate shall change on each Interest Rate Change Date by adding to or subtracting from the Initial Interest Rate, as the case may be, the change, if any, between Initial Prime and Prime in effect on the applicable Interest Rate Change Date.

More Definitions of Rate Change Date

Rate Change Date means the first calendar day of each calendar month.

Rate Change Date. With respect to any REMIC I Regular Interest, the Distribution Date occurring in the month set forth as the Rate Change Date for such REMIC I Regular Interest in the Preliminary Statement. Rating Agency or Rating Agencies: Initially, each of S&P and Xxxxx’x and thereafter, each nationally recognized statistical rating organization that has rated the Certificates at the request of the Company, or their respective successors in interest.

Rate Change Date. The date specified in the Preliminary Statement for certain REMIC Regular Interests.

Rate Change Date. As specified in the Preliminary Statement.

Rate Change Date has the meaning set forth in each Variable Loan Note evidencing a Variable Loan.

Rate Change Date listed for these interests is solely for the purpose of calculating weighted average rates for higher-tier REMIC interests.

Rate Change Date. The First Rate Change Date and the first day of each month thereafter until this Note is repaid in full.