Adjustment Date

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 ?
Requests Must Be In Writing And Must Be Received Thirty Days Prior To The Adjustment Date.
The bonds are subject to mandatory tender upon (1) changes in interest rate modes; (2) expiration or substitution of the LOC; (3) an interest rate adjustment date (except during daily and weekly rate modes); and (4) the interest rate reaching the maximum rate allowed under the indenture.
The change shall be determined by comparison of the figure for a date which is 12 months prior to the adjustment date.
The next official SPI adjustment date will be the third week of September, when the updated weightings (based on market value, turnover and free float) will be issued by the SIX.
The bonds are subject to mandatory tender upon (1) changes in interest rate modes; (2) expiration or substitution of the LOCs; (3) an interest rate adjustment date (except during daily and weekly rate modes); and (4) the interest rate reaching the maximum rate allowed under the indenture.
The bonds are subject to mandatory tender: 1) upon conversion of an interest rate mode, on each rate adjustment date while the bonds are in a flexible mode or a term mode; 2) at MEAG's option in the term mode; 3) at the authority's option to enable any Supplemental Resolution amending this Thirty-First Supplemental Resolution or the Subordinated Bond Resolution to take effect; and 4) upon expiration, substitution, or termination of the LOC.
The bonds of any series are subject to mandatory tender upon (1) changes in interest rate modes; (2) expiration or substitution of the related LOC; (3) interest rate adjustment date (except during daily and weekly rate modes); and (4) interest rate reaching the maximum rate allowed under the indenture.
The bonds are subject to mandatory tender: (1) date of substitution of the LOC for any credit or liquidity facility; (2) on any business day that is (i) not less than five days prior to the termination of the LOC following the trustee's receipt of notice from the Bank of the termination of the LOC or (ii) not more than 10 days following trustee's receipt of notice from the Bank that the interest portion of the LOC will not be reinstated; (3) on the fifth business day preceding the expiration of the LOC; (4) on the date the bonds are converted to or from a book-entry system; (5) on the date the interest rate is converted to another interest rate mode; and (6) for commercial paper rate bonds on each rate adjustment date.
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.