Interest Rate Change Date definition

Interest Rate Change Date. The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

Interest Rate Change Date means for each Accrual Period, the date or dates, based on the applicable Index, on which the rate of interest for the Reset Rate Notes bearing interest at a floating rate is to be reset.

Interest Rate Change Date means the date two (2) Business Days after the delivery to Bank of the quarterly or year-end financial statements of Borrower, which initial Change Date shall occur after the delivery to Bank of the financial statements of Borrower for the fiscal quarter ending March 31, 2005.

Examples of Interest 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).

• 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").

• 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.

• The interest rate change will not occur more often than each Interest Rate Change Date.

• 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.

More Definitions of Interest Rate Change Date

Interest Rate Change Date means the first day of each one month period.

Interest Rate Change Date means the first Business Day of each month.

Interest Rate Change Date means (a) the first business day of Citibank, N.A., in New York, New York, during the calendar month following the date of the initial advance of the loan evidenced by this Note and (b) the first business day of Citibank, N.A., during each successive month thereafter.

Interest Rate Change Date means, (a) with respect to the LIBOR Daily Floating Rate, the first day of each month, and (b) with respect to the Base Rate (including any event as to which such rate of interest is determined with reference to the Alternative Base Rate), Monday of each week; provided, however, that if such date is not a Business Day, then the “Interest Rate Change Date” shall be the next succeeding Business Day.

Interest Rate Change Date means for each Accrual Period, the date or dates, based on the applicable Index, on which the rate of interest for any class of Notes bearing interest at a floating rate is to be reset.

Interest Rate Change Date means the first day of each one-month period; provided, however, that if any such day is not a Business Day, at Lender’s option, the Interest Rate Change Date shall be the next succeeding Business Day.

Interest Rate Change Date means the date two (2) Business Days after the delivery to Lender of the quarterly or year-end financial statements of Borrowers, which initial change date shall occur after the delivery to Lender of the financial statements of Borrowers for the fiscal year ending in December 2011.