Adjustment Date

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Adjustment Date

In an adjustable rate mortgage or other variable rate loan, the date on which the interest rate changes. The adjustment date occurs regularly, but how often it occurs depends upon the adjustment frequency.
References in periodicals archive ?
The conversion and exercise prices of the notes and warrants will be adjusted to 85% of market price on the occurrence of certain future adjustment dates as defined in the transaction documents.
The Company incurs interest on most of its indebtedness at a variable rate generally tied to the prime rate of interest on the applicable yearly adjustment dates.
Bonds are subject to mandatory tender upon: conversion of the interest rate mode, expiration, termination or substitution of the liquidity facility, and rate adjustment dates while in the CP mode.
The interest rate mode can change on adjustment dates, to either a reset mode, in which the rate is in effect for one or more six-month periods and is paid semiannually, or a fixed rate mode, where interest and principal are paid semiannually according to a sinking fund schedule.
Bonds are subject to mandatory tender on: the effective date of any change in the rate mode, on interest rate adjustment dates, upon substitution or release of the SBPA or the insurance policy, and upon the expiration or termination of the SBPA.
The bonds are subject to mandatory tender on interest mode conversion dates; on rate adjustment dates while in the commercial paper or term rate modes; and upon expiration, termination or substitution of the SBPA.
Fannie Mae's Six-Month LIBOR ARMs also feature a conversion option that allows consumers to convert the ARM to a fixed-rate mortgage at the second through tenth adjustment dates.
The bonds are subject to mandatory tender upon: interest mode conversion dates; interest rate adjustment dates while bonds bear interest in the flexible rate mode; when all or any portion of the bonds become tax-exempt; and the expiration, substitution or termination of the LOC.
Bonds are subject to a mandatory tender: (1) on interest mode changes; (2) on rate adjustment dates while in a flexible or term mode; (3) upon the expiration or substitution of the SBPA; (4) following the tender agent's receipt of a notice from the Bank of an event of default under the SBPA; and (5) at the option of the City of Lakeland, to enable any Supplemental Ordinance to take effect, or while in the term mode, on any day that the bonds may be optionally redeemed by the City.
The mortgage loans are subject to semi-annual adjustment dates as well as a 15.
Bonds are subject to a mandatory tender (1) on interest mode changes, (2) on rate adjustment dates while in a flexible or term mode, (3) upon expiration or termination of the SBPA, (4) upon substitution of the liquidity facility that results in a reduction or withdrawal of the rating assigned to the bonds, and (5) upon other events as specified in the documents.
The mortgage loans are subject to annual adjustment dates as well as a 2.