Interest Rate Adjustment definition

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

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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.

Interest Rate Adjustment means 0.50% per annum.

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

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

Interest Rate Adjustment means 0.25% per annum.

Interest Rate Adjustment. The interest rate on the notes is subject to adjustment as described in the Preliminary Prospectus Supplement. Yield to Maturity: 3.709% Interest Payment Dates: 15th of every March and September, commencing March 15, 2018 Spread to Benchmark Treasury: T+225 basis points Benchmark Treasury: 1.500% due August 15, 2020 Benchmark Treasury Price / Yield: 100-03 ¾ / 1.459%

Interest Rate Adjustment. The interest rate payable on the Series II Notes will be subject to adjustment based on certain rating events as described under the caption “Description of the Notes—Terms—Interest Rate Adjustment of the Notes Based on Certain Rating Events” in the Preliminary Prospectus Supplement dated September 8, 2021. Day Count Convention: 360-day year consisting of twelve 30-day months Price to Public: 99.907% of the principal amount Benchmark Treasury: 1.250% due August 15, 2031 Benchmark Treasury Price / Yield: 99-08+ / 1.329% Spread to Benchmark Treasury: +143 basis points Yield to Maturity: 2.759% Optional Redemption Provisions: The Series II Notes may be redeemed in whole or in part at any time prior to July 15, 2033 (three months prior to the maturity date of the notes), at the issuer’s option, at a redemption price equal to the greater of (1) 100% of the principal amount of the Series II Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest (not including accrued interest as of the redemption date) on the Series II Notes to be redeemed, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) through to July 15, 2033 at the Treasury Rate (the yield to maturity of the United States Treasury security, selected by a primary U.S. government securities dealer, having a maturity comparable to the remaining term of the Series II Notes being redeemed) plus 25 basis points, plus accrued and unpaid interest on the Series II Notes to the redemption date. The Series II Notes may be redeemed in whole or in part from time to time on or after July 15, 2033 (three months prior to the maturity date of the notes), at the issuer’s option, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus any accrued and unpaid interest on the notes being redeemed to the redemption date.

Interest Rate Adjustment. The Interest Rate on the Designated Securities is subject to adjustment as described in the Prospectus. Interest Payment Dates: 15th of every May and November, commencing November 15, 2017 Regular Record Dates: 15 calendar days immediately preceding an Interest Payment Date Currency of Denominations: United States dollars Currency of Payment: United States dollars The Company may redeem the Designated Securities at its option, in whole or in part, at any time or from time to time at a redemption price equal to the sum of 100% of the principal amount of the Designated Securities to be redeemed, plus accrued and unpaid interest, if any, on those Designated Securities to the redemption date, plus a make-whole amount, if any, based on the Reinvestment Rate, which is equal to the sum of (i) 0.35% (35 basis points) and (ii) the arithmetic mean of the yields under the heading “Week Ending” published in the most recent Statistical Release under the caption “Treasury Constant Maturities” for the maturity, rounded to the nearest month, corresponding to the remaining life to maturity of those Designated Securities or, if no maturity exactly corresponds, yields for the two published maturities most closely corresponding to such maturity shall be calculated as contemplated above and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounded in each of such relevant periods to the nearest month. Notwithstanding the immediately preceding paragraph, the Company may redeem the Designated Securities at its option, in whole or in part, at any time or from time to time on or after April 15, 2022 at a redemption price equal to the sum of 100% of the principal amount of the Designated Securities to be redeemed, plus accrued and unpaid interest, if any, on those Designated Securities to the redemption date.