Current Index. The index, as provided in each Mortgage Note, used to adjust the Mortgage Interest Rate on each Interest Rate Change Date.
Current Index has the meaning indicated in Section 4.2(b).
Current Index. The published Index that is effective on the 15th day before the applicable Rate Change Date.
Examples of Current Index in a sentence
The new Note Rate which becomes effective on each Interest Change Date shall be equal to the Current Index applicable on the Interest Change Date plus 1.50% per annum, rounded upward to the nearest 0.125%, subject to section 2.2(b) below.
If Index Rate is chosen then if the Current Index on any Interest Change Date is different from the Current Index on the most recent Interest Change Date (or the Current Index on August 1, 2017), then Lender shall increase or decrease the Note Rate in accordance with this section 2.2(a) effective on each Interest Change Date.
More Definitions of Current Index
Current Index. The published Index that is effective on the Business Day immediately preceding the applicable Rate Change Date.
Current Index means the Index that is determined by Lender on each Rate Determination Date.
Current Index means the Index for the month of September immediately preceding each anniversary date of the Commencement Date.
Current Index means the Index in effect for the first month of the lease year for which the adjustment in rent is calculated.
Current Index means, with respect to each Interest Change Date, the Index Rate figure most recently available as of such Interest Change Date.