First Rate Change Date definition
First Rate Change Date. The first day of , 20 . [Insert the calendar month that is twelve months prior to the Maturity Date. For example: If the Maturity Date is March 1, 2016, then the First Rate Change Date is March 1, 2015.]
First Rate Change Date shall be the eighth anniversary of the Initial Closing Date.
First Rate Change Date means October 1, 2014.
Examples of First Rate Change Date in a sentence
Interest shall accrue at the Fixed Rate until the First Rate Change Date.
The Adjustable Rate shall be in effect beginning on the First Rate Change Date.
Commencing on the First Principal and Interest Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date, consecutive monthly installments of principal and interest shall be due and payable, each in the amount of Dollars (US $ ).
More Definitions of First Rate Change Date
First Rate Change Date. The first day of April, 2014. Indebtedness: The principal of, interest on, or any other amounts due at any time under, this Note, the Security Instrument or any other Loan Document, including prepayment premiums, late charges, default interest, and advances to protect the security of the Security Instrument under Section 12 of the Security Instrument. Index: The British Bankers Association fixing of the London Inter-Bank Offered Rate for 1-month U.S. Dollar-denominated deposits as reported by Telerate through electronic transmission. If the Index is no longer available, or is no longer posted through electronic transmission, Lender will choose a new index that is based upon comparable information and provide notice thereof to Borrower.