Interest Adjustment Date definition

Interest Adjustment Date. With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

Interest Adjustment Date means the last day of each Interest Period.

Interest Adjustment Date. With respect to each ARM Loan, the date on which the related Mortgage Interest Rate changes in accordance with the terms of such Mortgage Note, the first of which is set forth in such Mortgage Note and on the respective Servicer Mortgage Loan Schedule.

Examples of Interest Adjustment Date in a sentence

• On or before the Interest Adjustment Date, the Lender may withhold from any advance secured by the hypothecs created under this Contract or require the Borrower to pay, out of any advance of this Contract, any amount the Lender feels necessary to pay current or anticipated future Taxes.

• Interest on all money advanced to the Borrower will be calculated daily at the Interest Rate on the date of each advance up to and including the day preceding the day of , 20 to be paid by the Borrower on the date last mentioned (the "Interest Adjustment Date").

• Where the Charge secures a loan for a fixed term, you may, when not in default, on each anniversary of the Interest Adjustment Date prepay an amount not greater than 20% of the original Principal Amount of the fixed term loan.

• If the final advance is not made within 12 months of the date of your application for the Mortgage, we will automatically set your Interest Adjustment Date to a date that is approximately 12 months from the date of your application for the Mortgage and the Term will start on that date.

• If the Mortgage is a Closed Mortgage you may, once in each twelve month period starting on the Interest Adjustment Date or the anniversary of that date, pay up to 10% of the Principal Amount.

More Definitions of Interest Adjustment Date

Interest Adjustment Date. With respect to an Adjustable Rate Mortgage Loan, the date on which an adjustment to the Mortgage Interest Rate on a Mortgage Note becomes effective.

Interest Adjustment Date means the date shown in the Registered Mortgage as the date to which we calculate accrued interest on money advanced to you. This date will be before your first regular payment period. This is the date the Term starts.

Interest Adjustment Date means each date on which a new Flexible Rate Term or Term Rate Term, as the case may be, begins as provided in Section 501(D) and Section 601(D), respectively, of Appendix A hereto.

Interest Adjustment Date means the interest adjustment date shown on the mortgage form or a revised date as the lender may establish;

Interest Adjustment Date means the interest adjustment date, if any, set out or referred to in item 5(c) of the Mortgage Form;

Interest Adjustment Date means the date shown below in Section 2.4(2) as the date to which we calculate accrued interest on money advanced to you. This date will be before your first regular payment period. This is the date the Term starts.

Interest Adjustment Date means the earlier of either the last day of an Interest Period or the Termination Date.