Common use of CHANGE DATES Clause in Contracts

CHANGE DATES. The Variable Annual Interest Rate may change on each of the following: First Change Date Subsequent Change Dates if Borrower receives Notice from Lender that an Index Conversion Event occurs, on the applicable Index Conversion Change Date specified in such Notice Each of the First Change Date, the Subsequent Change Dates, and any Index Conversion Change Dates is a “Change Date.” The new Variable Annual Interest Rate will become effective on each Change Date.

CHANGE DATES. The Variable Annual Interest Rate may change on each of the following: First Change Date Subsequent Change Dates if Borrower receives Notice from Lender that an Index Conversion Event occurs, on the applicable Index Conversion Change Date specified in such Notice Each of the First Change Date, the Subsequent Change Dates, and any Index Conversion Change Dates is a “Change Date.” The new Variable Annual Interest Rate will become effective on each Change Date. Index and Index Conversion.