Examples of Initial Determination Date in a sentence
The interest rate on this Note shall initially be determined as of the first Friday most immediately preceding the date of this Note that is a business day (the "Initial Determination Date") and shall thereafter be redetermined quarterly until maturity based upon the Prime Rate in effect as of the first Friday most immediately preceding each ensuing calendar quarter from the date hereof that is a business day (each such date being hereinafter referred to as a "Redetermination Date").
The Maximum Special Tax for Undeveloped Property, Taxable Public Property, and Taxable Property Owner Association Property for the Fiscal Year commencing on the July 1 following the applicable Initial Determination Date or Subsequent Determination Date shall be reduced from the amount that otherwise would have been in effect pursuant to this RMA by a percentage amount equal to the Reduction Percentage.
In considering such requests, the Board will apply the same criteria as used in other extension cases.
The first April 1 on which all four items are true shall be considered the Initial Determination Date.
The Backup Special Tax for Developed Property shall be reduced to $0 commencing on the July 1 following the Initial Determination Date.