Interest Rate Adjustment definition

Interest Rate Adjustment means that the Rate of Interest payable under the Notes shall be equal to:

Interest Rate Adjustment means 0.50% per annum.

Interest Rate Adjustment means the Maximum Interest Rate Adjustment less the amount obtained by multiplying the Maximum Interest Rate Adjustment by the Deposit Level Quotient.

Examples of Interest Rate Adjustment in a sentence

• All Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage and Mortgage Note on the related Interest Rate Adjustment Date.

• 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.

• Each 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 Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears and is not calculated on a simple interest basis.

• The Mortgage Interest Rate is adjusted with respect to Adjustable Rate Mortgage Loans, on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest 0.125%), subject to the Periodic Rate Cap.

• The Mortgage Interest Rate is adjusted, with respect to Adjustable Rate Mortgage Loans, on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest 0.125%), subject to the Periodic Rate Cap.

More Definitions of Interest Rate Adjustment

Interest Rate Adjustment. Interest rates payable on the Notes will be subject to adjustment from time to time if either S&P or Fitch (or a substitute rating agency therefor) downgrades (or downgrades and subsequently upgrades) the respective credit ratings assigned to the Notes.

Interest Rate Adjustment. The interest rate on the notes is subject to adjustment as described in the Preliminary Prospectus Supplement.

Interest Rate Adjustment. The interest rate payable on the notes will be subject to adjustment from time to time if the rating assigned to the notes is downgraded (or subsequently upgraded) under the circumstances described in the prospectus supplement. Adjustment begins at Ba2/BB (Xxxxx’x/S&P) and is capped at 2.00%. JOINT BOOKRUNNERS: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Banc of America Securities LLC and X.X. Xxxxxx Securities Inc. CO-MANAGERS: Greenwich Capital Markets, Inc., Xxxxxx Xxxxxxx & Co. Incorporated, Deutsche Bank Securities Inc., SunTrust Capital Markets, Inc. and Xxxxx Fargo Securities, LLC. CUSIP: 000000XX0 REFERENCE DOCUMENT: Prospectus Supplement, dated August 12, 2008; Prospectus, dated August 11, 2008. Underwriting Agreement dated August 12, 2008 Registration Statement No. 333-152620 Representatives: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Banc of America Securities LLC X.X. Xxxxxx Securities Inc. Title, Purchase Price and Description of Securities: Title 9.75% Senior Notes due 2013 Principal amount $250,000,000 Expected ratings Baa3/BB+ Interest payment dates Semi-annually on each February 15 and August 15, beginning on February 15, 2009. Date of maturity August 15, 2013 Price to public 100.00% Commission 0.875% Purchase price to Underwriters 99.125% Benchmark T 3.375% due July 31, 2013 Benchmark Yield 3.178% Interest Rate 9.75% Sinking fund provisions None Redemption provisions In whole or in part at any time at a redemption price equal to the greater of (i) 100% of the principal amount of notes to be redeemed, plus accrued interest to the redemption date or (ii) the sum of the present values of the remaining principal amount and scheduled payments of interest on the notes to be redeemed (not including interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis at the Treasury Rate, as defined in the prospectus supplement, plus 50 basis points, plus accrued interest to the redemption date. Other provisions If Brunswick experiences a “Change of Control Triggering Event,” as defined in the prospectus supplement, each holder of the notes may require Brunswick to repurchase some or all of its notes at 101% of their principal amount, plus accrued and unpaid interest to the repurchase date. The interest rate payable on the notes will be subject to adjustment from time to time if the rating assigned to the notes is downgraded (or subsequently upgraded) under the circumstances described in the prospectus...

Interest Rate Adjustment means 0.25% per annum.

Interest Rate Adjustment means the applicable percentage rate listed in the first column of the table set forth in Section 201(g) hereof.

Interest Rate Adjustment. The interest rate on the notes is subject to adjustment as described in the Preliminary Prospectus Supplement. Yield to Maturity: 4.750% Interest Payment Dates: 1st of every April and October, commencing April 1, 2018 Spread to Benchmark Treasury: T+300 basis points Benchmark Treasury: 1.625% due August 31, 2022 Benchmark Treasury Price / Yield: 99-13 / 1.750%

Interest Rate Adjustment means, on any date, the greater of (a) 0.00% per annum and (b) (i) the 5-year SOFR swap rate as published by Intercontinental Exchange on the Closing Date minus (ii) 2.75% per annum; provided that in no event shall the Interest Rate Adjustment exceed 0.50% per annum.