Periodic Adjustment definition

Periodic Adjustment means each adjustment to the RTC Charge made pursuant to the terms of the Financing Order and in accordance with Section 4.01 hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Periodic Adjustment means each adjustment to the RRB Charge made pursuant to the terms of the Finance Order and in accordance with Section 4.01 hereof.

Periodic Adjustment means each Routine True-Up Adjustment and Non-Routine True-Up Adjustment made pursuant to the terms of the Financing Order and in accordance with Section 4.01 of the Servicing Agreement.

Examples of Periodic Adjustment in a sentence

The Notice of Periodic Adjustment is the legal and official announcement to the Borrower of an ARM Loan of a change in the Mortgage Interest Rate or the Monthly Payment.
Each Notice of Periodic Adjustment pertaining to an ARM Loan shall meet the requirements and specifications of the Security Instrument, the Mortgage Loan, and applicable federal or state laws or regulations.
If any Periodic Adjustment requested in any such Advice Letter filing does not become effective on the applicable date as provided by the Financing Order, the Servicer shall notify the Note Issuer, the Note Trustee, the Certificate Trustee and the Rating Agencies by the end of the second Servicer Business Day after such applicable date.
If any Periodic Adjustment requested in any such Advice Letter filing does not become effective on the applicable date as provided by the Finance Order, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies by the end of the second Servicer Business Day after such applicable date.
The Issuer agrees that it shall not consent to a Non-Routine Periodic Adjustment pursuant to Section 4.01(c) of the Servicing Agreement unless the Rating Agency Condition shall have been satisfied.
The Note Issuer agrees that it shall not consent to a Non-Routine Periodic Adjustment pursuant to Section 4.01(c) of the Servicing Agreement unless the Rating Agency Condition shall have been satisfied.
The Note Issuer agrees that it shall not consent to a Non-Routine Periodic Adjustment pursuant to Section 4.01(c) of the Servicing Agreement unless the Rating Agency Condition shall have been satisfied, except that with respect to Moody’s, it shall be sufficient to provide 10 days prior notice.
The Servicer shall not take any action to implement any Periodic Adjustment that would cause the RRB Charge to vary among customer classes unless the Rating Agency Condition shall have been satisfied.
Any such adjusted Prices shall become applicable commencing with the relevant Periodic Adjustment Date.
Except when adjusted as provided in Section 5.2.2. (Periodic Adjustment to Fair Market Rent) below, the Rent for the Premises shall be subject to automatic, annual rental adjustments effective July 1 of each year beginning with July 1, 2024 (the “Annual Adjustment Date”).

More Definitions of Periodic Adjustment

Periodic Adjustment has the meaning given in paragraph 6.2 of Schedule 8.A (Franchise Payments);

Periodic Adjustment means each adjustment to the RRB Charge made pursuant to the terms of the Financing Order and in accordance with Section 4.01 hereof.

Periodic Adjustment means each adjustment to the RRB Charges made pursuant to the terms of the Finance Order and in accordance with Section 4.01 of the Servicing Agreement.

Periodic Adjustment has the meaning given in paragraph 6.2 of Schedule 8.A

Periodic Adjustment has the meaning provided in Section 7(c)(ii)(A).

Periodic Adjustment means each adjustment to the RRB Charge made pursuant to the terms of the Finance Order and in accordance with Periodic Adjustments. From time to time, until the Retirement of the Bonds, the Servicer shall identify the need for Periodic Adjustments and shall take all reasonable action to obtain and implement such Periodic Adjustments, all in accordance with the following: hereof.