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

• However, if the Reset Rate Method is being changed, the Reset Date will be the Business Day preceding the Reset Rate Change Date.

• However, if the Reset Rate Method is being changed and the Reset Rate Change Date is prior to the end of this period, the Reset Rate will apply through day preceding the next Reset Rate Change Date.

• The Notes shall bear interest on their outstanding aggregate principal amount at the Variable Rate of Interest (as defined below) from, and including, the Interest Rate Change Date to, but excluding, the Maturity Date (as defined in § 5 (1)) (the "Second Period").

• If the due date for any payment in respect of the Notes which falls prior to or on the Interest Rate Change Date would otherwise fall on a calendar day which is not a Fixed Payment Business Day (as defined below), the due date for such payment shall be: postponed to the next calendar day which is a Fixed Payment Business Day.

• The adjustment to the Second Period Rate contemplated in the definition thereof and in Subsection 7(a)(ii) will occur on the SP Rate Change Date.

More Definitions of Rate Change Date

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

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

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. 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 here 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.