Adjustable Rate definition

Adjustable Rate has the meaning set forth in each Variable Loan Note evidencing a Variable Loan (which rate includes the Variable Loan Fee).

Examples of Adjustable Rate in a sentence

With respect to each Adjustable Rate Mortgage Loan, the Servicer shall adjust the Mortgage Interest Rate on the related interest rate adjustment date and shall adjust the Monthly Payment on the related mortgage payment adjustment date, if applicable, in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note.
Xxxxxxx Title: Treasurer Federated Adjustable Rate Securities Fund Federated Equity Income Fund, Inc.
The Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.
The Mortgage Interest Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Cap are as set forth on the related Mortgage Loan Schedule.
Adjustable Rate Mortgages (ARMs) Numeric – Integer 18 99 ARMs Only See Coding See Appendix B 41 ARM Look-back Days The number of days prior to the interest rate adjustment date to retrieve the index value.

Adjustable Rate means the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to five decimal places.

Adjustable Rate means the interest rate borne by the Bonds from the date of issuance and delivery thereof to (but not including) the Conversion Date, as said rate is determined in accordance with SECTION 2.02(c) of the Indenture.

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 14.30% per annum or less than 6.30% per annum.