AUTOMATIC ADJUSTMENT DATE

AUTOMATIC ADJUSTMENT DATE. When applicable, shall mean: (i) If the Interest Period duration selected for such LIBOR Rate Loan is "one day": the first day of the applicable Interest Period (or, if such date is not a Business Day, the immediately preceding Business Day). (ii) If the Interest Period duration selected for such LIBOR Rate Loan is other than "one day": two (2) Business Days before the first day of the... applicable Interest Period for a LIBOR Rate Loan for which the Automatic Continuation Option is in effect. View More