Payment Change Date definition

Payment Change Date means the first day of the next succeeding Accrual Period that follows each Reset Date until this Note is repaid in full.

Payment Change Date. The first day of the month following each Rate Change Date until this Note is repaid in full. Property Jurisdiction: The jurisdiction in which the Land is located.

Payment Change Date. The first day of the month following each Rate Change Date.

Examples of Payment Change Date in a sentence

• Thereafter, to the extent that the Adjustable Rate has changed, the Required Monthly Payment shall change on each Payment Change Date based on the then-applicable Adjustable Rate.

• Before each Payment Change Date, Lender shall re-calculate the Adjustable Rate and shall notify Borrower (in the manner specified in the Security Instrument for giving notices) of any change in the Adjustable Rate and the Required Monthly Payment.

• Payment Change Date The first (1st) day of the month following each Rate Change Date until the Advance is fully paid.

• Thereafter, to the extent that the Adjustable Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be in such amount as shall cause the unpaid principal balance of the Note to be amortized over the Remaining Amortization Period.

• Before each Payment Change Date, Lender shall re-calculate the Adjustable Rate and shall notify Borrower (in the manner specified in the Security Instrument (defined below) for giving notices) of any change in the Adjustable Rate and the Required Monthly Payment.

More Definitions of Payment Change Date

Payment Change Date has the meaning set forth in the Summary of Loan Terms.

Payment Change Date has the meaning set forth in the applicable Schedule of Advance Terms.

Payment Change Date. The first day of the month following each Rate Change Date until this Note is repaid in full.

Payment Change Date. As such term is defined in Section 4.13.

Payment Change Date means the first day of the next succeeding Accrual Period that follows the last Reset Date of each month until the Note is repaid in full.

Payment Change Date means October 1, 2011 and each April 1st and October 1st thereafter to and including April 1, 2016.

Payment Change Date. The first day of each month following the [First Payment Date] [or if the Advance is a Partial Interest-Only Advance: First Interest Only Payment Date] until this Note is repaid in full.