Unadjusted Margin definition
Unadjusted Margin. ’ means, on any Payment Date, the principal weighted average margin above LIBOR (in the case of the Discount LIBOR-linked Mortgage Loans) or the Bank of England base rate (in the case of the Discount BBR-linked Mortgage Loans, the 4.99 per cent. BBR-linked Mortgage Loans, the 5.29 per cent. BBR-linked Mortgage Loans and the 5.49 per cent. BBR-linked Mortgage Loans (during their discounted phase)) or the SVR (in the case of the Discount SVR Loans), that will apply in respect of such Mortgage Loans when the discount period expires.
Unadjusted Margin. ’ means, on any Payment Date, the principal weighted average margin above LIBOR (in the case of the Discount LIBOR-linked Mortgage Loans) or the Bank of England base rate (in the case of the Discount BBR-linked Mortgage Loans), that will apply in respect of such Mortgage Loans when the discount period expires.