Adjustable Rate definition
Adjustable Rate means any of the following types of interest rates: a Commercial Paper Rate, an Auction Rate, a Daily Rate, a Weekly Rate, a Monthly Rate, a Semi-annual Rate and a Term Rate.
Adjustable Rate means an annual interest rate equal to the sum of the Adjustable Rate Basis plus 1.70%.
Adjustable Rate means the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to five decimal places.
Examples of Adjustable Rate in a sentence
The Adjustable Rate and related terms shall be subject to the Benchmark Replacement Setting provisions and defined terms set forth in Schedule A attached hereto and Schedule A is made a part hereof in its entirety.
More Definitions of Adjustable Rate
Adjustable Rate has the meaning set forth in each Variable Loan Note evidencing a Variable Loan (which rate includes the Variable Loan Fee).
Adjustable Rate means the variable interest rate on the Bonds as determined in accordance with the Indenture, from and including the original date of issuance of the Bonds through but not including the Fixed Rate Conversion Date.
Adjustable Rate means an annual interest rate equal to the sum of the Adjustable Rate Basis plus the Applicable Margin.
Adjustable Rate for any Distribution Period will be equal to the highest of the 3-month LIBOR Rate, the 10-year Treasury CMT and the 30-year Treasury CMT (each as defined below and collectively referred to as the "Benchmark Rates") for such Distribution Period during the Floating Rate Period. In the event that the Calculation Agent determines in good faith that for any reason:
Adjustable Rate has the meaning set forth in each Variable Facility Note evidencing a SARM Variable Advance.
Adjustable Rate means, for any Class B Distribution Period during a Floating Rate Period, a rate equal to the highest of LIBOR, the 10-year Treasury CMT and the 30-year Treasury CMT for such Class B Distribution Period.
Adjustable Rate means an annual interest rate equal to the sum of the Adjustable Rate Basis plus the Applicable Margin, which Adjustable Rate shall at no time during the term of this Note be greater than 6.03% per annum or less than 14.03% per annum.