{"component": "definition", "props": {"groups": [{"snippet": "means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.", "samples": [{"hash": "1wrIllA4yN7", "uri": "/contracts/1wrIllA4yN7#variable-rate-indebtedness", "label": "Installment Purchase Agreement", "score": 33.1840248108, "published": true}, {"hash": "iHrkYwIW8IR", "uri": "/contracts/iHrkYwIW8IR#variable-rate-indebtedness", "label": "Installment Purchase Agreement", "score": 32.9280815125, "published": true}, {"hash": "b4mslTWP60b", "uri": "/contracts/b4mslTWP60b#variable-rate-indebtedness", "label": "Installment Purchase Agreement", "score": 30.9339065552, "published": true}], "size": 34, "snippet_links": [{"key": "other-payment-obligations", "type": "clause", "offset": [37, 62]}, {"key": "the-interest-rate", "type": "clause", "offset": [64, 81]}, {"key": "not-established", "type": "definition", "offset": [94, 109]}, {"key": "at-the-time", "type": "definition", "offset": [110, 121]}, {"key": "subsequent-date", "type": "definition", "offset": [156, 171]}, {"key": "entire-term", "type": "clause", "offset": [224, 235]}], "hash": "21d2238bc2d22b5b6983ab799325af2e", "id": 1}, {"snippet": "means any Debt that bears interest at a variable rate without the benefit of an interest rate hedge or other interest rate protection agreement. For the avoidance of doubt, Variable Rate Indebtedness shall not include the notional amount of caps which protect against an upward movement of the LIBO Rate up to 300 basis points.", "samples": [{"hash": "2T9kkxRI0MQ", "uri": "/contracts/2T9kkxRI0MQ#variable-rate-indebtedness", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 32.8412055969, "published": true}, {"hash": "gKDeKfhYoiT", "uri": "/contracts/gKDeKfhYoiT#variable-rate-indebtedness", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 29.5831623077, "published": true}, {"hash": "ivRfLlQ5tAF", "uri": "/contracts/ivRfLlQ5tAF#variable-rate-indebtedness", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 28.835729599, "published": true}], "size": 17, "snippet_links": [{"key": "any-debt", "type": "definition", "offset": [6, 14]}, {"key": "the-benefit", "type": "definition", "offset": [62, 73]}, {"key": "interest-rate-hedge", "type": "definition", "offset": [80, 99]}, {"key": "interest-rate-protection-agreement", "type": "clause", "offset": [109, 143]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [145, 171]}, {"key": "notional-amount", "type": "clause", "offset": [222, 237]}, {"key": "libo-rate", "type": "clause", "offset": [294, 303]}, {"key": "basis-points", "type": "clause", "offset": [314, 326]}], "hash": "9d8df093fd0a957bb32ed8e86f66e076", "id": 2}, {"snippet": "means any Utility Indebtedness which provides for interest to be payable thereon at a rate per annum that may vary from time to time over the term thereof in accordance with procedures provided in the instrument creating such Utility Indebtedness.", "samples": [{"hash": "6RyqfTEdJGR", "uri": "/contracts/6RyqfTEdJGR#variable-rate-indebtedness", "label": "Loan Agreement", "score": 33.2579307556, "published": true}, {"hash": "63wHPaX5tXD", "uri": "/contracts/63wHPaX5tXD#variable-rate-indebtedness", "label": "Loan Agreement", "score": 31.8180770874, "published": true}, {"hash": "Sg37bjiGFP", "uri": "https://legistarweb-production.s3.amazonaws.com/uploads/attachment/pdf/924404/BASICDOCS_2021A_-_Final.pdf", "label": "legistarweb-production.s3.amazonaws.com", "score": 10.6810407639, "published": false}], "size": 15, "snippet_links": [{"key": "utility-indebtedness", "type": "definition", "offset": [10, 30]}, {"key": "per-annum", "type": "definition", "offset": [91, 100]}, {"key": "from-time-to-time", "type": "clause", "offset": [115, 132]}, {"key": "the-term", "type": "definition", "offset": [138, 146]}, {"key": "in-accordance-with", "type": "clause", "offset": [155, 173]}, {"key": "the-instrument", "type": "clause", "offset": [197, 211]}], "hash": "ce6e687a5a784c75ffb16f5288aa4c82", "id": 3}, {"snippet": "means any Indebtedness that bears interest at a variable rate without the benefit of a Swap Contract.", "samples": [{"hash": "cZgLhyq41ks", "uri": "/contracts/cZgLhyq41ks#variable-rate-indebtedness", "label": "Credit Agreement (American Realty Capital Trust IV, Inc.)", "score": 24.6167011261, "published": true}, {"hash": "i1CnUewetHw", "uri": "/contracts/i1CnUewetHw#variable-rate-indebtedness", "label": "Credit Agreement (American Realty Capital Properties, Inc.)", "score": 24.1594791412, "published": true}, {"hash": "iVO053q4vog", "uri": "/contracts/iVO053q4vog#variable-rate-indebtedness", "label": "Credit Agreement (American Realty Capital Trust III, Inc.)", "score": 24.1403141022, "published": true}], "size": 13, "snippet_links": [{"key": "variable-rate", "type": "definition", "offset": [48, 61]}, {"key": "the-benefit", "type": "definition", "offset": [70, 81]}, {"key": "swap-contract", "type": "definition", "offset": [87, 100]}], "hash": "20606fe40d6f18d225fc08c00f858554", "id": 4}, {"snippet": "means any Parity Bonds, the interest rate on which is subject to periodic adjustment, at intervals, at such times and in such manner as shall be determined by resolution authorizing such Parity Bonds; provided that if the interest rate shall have been fixed for the remainder of the term thereof, it shall no longer be Variable Rate Indebtedness.", "samples": [{"hash": "5jp4hMZm2T0", "uri": "https://comptroller.tn.gov/content/dam/cot/tlda/documents/meeting-packets/2023/TLDABoardPacket2023.10.09.pdf", "label": "comptroller.tn.gov", "score": 18.4906826019, "published": false}, {"hash": "k7mV4Ltyry4", "uri": "https://cms7files.revize.com/clevelandutilities/document_center/Authority/Cleveland%20Utilities%20Authority%20(Tennessee)%20Preliminary%20Official%20Statement%20Electric%20System%202023.pdf", "label": "cms7files.revize.com", "score": 18.4041690826, "published": false}, {"hash": "7VuZ09l2UaR", "uri": "https://www.jellicoutilities.com/wp-content/uploads/2023/09/4.-2023-34-Jellico-Utilities-Authority-Electric-2023-Bond-Resolution.pdf", "label": "www.jellicoutilities.com", "score": 18.3535003662, "published": false}], "size": 12, "snippet_links": [{"key": "parity-bonds", "type": "clause", "offset": [10, 22]}, {"key": "the-interest-rate", "type": "clause", "offset": [24, 41]}, {"key": "subject-to", "type": "definition", "offset": [54, 64]}, {"key": "periodic-adjustment", "type": "definition", "offset": [65, 84]}, {"key": "provided-that", "type": "clause", "offset": [201, 214]}, {"key": "the-term", "type": "definition", "offset": [279, 287]}], "hash": "fc7f132745ddedb8a63d6ac0677d8f48", "id": 5}, {"snippet": "means any System Indebtedness which provides for interest to be payable thereon at a rate per annum that may vary from time to time over the term thereof in accordance with procedures provided in the instrument creating such System Indebtedness.", "samples": [{"hash": "ivEHfgvc8Mm", "uri": "https://www.edwardjones.com/sites/default/files/acquiadam/2024-11/KS-Lawrence-POS.pdf", "label": "www.edwardjones.com", "score": 19.5299854279, "published": false}, {"hash": "i0OQy2HfLSX", "uri": "https://www.ransonfinancial.com/wp-content/uploads/2022/05/Stafford-Final-POS-GO-Ref-2022.pdf", "label": "www.ransonfinancial.com", "score": 11.1806983948, "published": false}, {"hash": "jfMqB8xVl89", "uri": "https://assets.lawrenceks.org/assets/agendas/cc/2017/12-12-17/FI_series_rev_2017_resolution_7231.pdf", "label": "assets.lawrenceks.org", "score": 8.9726219177, "published": false}], "size": 10, "snippet_links": [{"key": "system-indebtedness", "type": "definition", "offset": [10, 29]}, {"key": "per-annum", "type": "definition", "offset": [90, 99]}, {"key": "from-time-to-time", "type": "clause", "offset": [114, 131]}, {"key": "the-term", "type": "definition", "offset": [137, 145]}, {"key": "in-accordance-with", "type": "clause", "offset": [154, 172]}, {"key": "the-instrument", "type": "clause", "offset": [196, 210]}], "hash": "88ce8aff59fe09fe47ea3ed339dab570", "id": 6}, {"snippet": "means any indebtedness or obligation the interest rate on, or amount of, which is not fixed at the time of incurrence of such indebtedness or obligation, and has not at some subsequent date been fixed, at a single numerical rate for the entire remaining term of the indebtedness or obligation.", "samples": [{"hash": "4cFcHhxgvr3", "uri": "https://www.lincoln.ne.gov/files/sharedassets/public/v/1/finance/accounting/2022-lincoln-sanitary-sewer-revenue-bonds-os-final.pdf", "label": "www.lincoln.ne.gov", "score": 11.396987915, "published": false}, {"hash": "epslv31VGhf", "uri": "https://lincoln.ne.gov/City/finance/account/pdf/2017-Lincoln-Sanitary-Sewer-Rev-Ref.pdf", "label": "lincoln.ne.gov", "score": 9.1704311371, "published": false}, {"hash": "1jG7C2iHAuS", "uri": "https://www.lincoln.ne.gov/files/sharedassets/public/finance/accounting/2019-sanitary-sewer-revenue-bonds.pdf", "label": "www.lincoln.ne.gov", "score": 8.7693357468, "published": false}], "size": 8, "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [37, 54]}, {"key": "at-the-time", "type": "definition", "offset": [92, 103]}, {"key": "subsequent-date", "type": "definition", "offset": [174, 189]}, {"key": "the-indebtedness", "type": "clause", "offset": [262, 278]}], "hash": "35705b6858d0d8aba1711cc7093422d7", "id": 7}, {"snippet": "means any portion of Indebtedness the interest rate on which is not established at the time of incurrence at a fixed or constant rate until maturity.", "samples": [{"hash": "l716NNIjuoz", "uri": "/contracts/l716NNIjuoz#variable-rate-indebtedness", "label": "Trust Agreement", "score": 25.2028751373, "published": true}, {"hash": "bqbhWXZ5kk7", "uri": "https://www.hrsd.com/sites/default/files/assets/HRSDBondsPDFs/Notice_to_Holders-Amendment_to_TrustAgreement20160324.pdf", "label": "Notice", "score": 12.1129360199, "published": false}, {"hash": "4eWEJ2tlY4M", "uri": "https://www.hrsd.com/sites/default/files/assets/HRSDBondsPDFs/CompleteTrustAgreementAmendmentNotice20160218.pdf", "label": "Notice", "score": 12.0650243759, "published": false}], "size": 7, "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [34, 51]}, {"key": "not-established", "type": "definition", "offset": [64, 79]}, {"key": "at-the-time", "type": "definition", "offset": [80, 91]}, {"key": "a-fixed", "type": "clause", "offset": [109, 116]}, {"key": "constant-rate", "type": "clause", "offset": [120, 133]}], "hash": "c1b66757b8fcca3766834465cc499fc0", "id": 8}, {"snippet": "means, as of any date of determination, any Indebtedness on which the interest rate borne thereby may vary during any part of its remaining term.", "samples": [{"hash": "eQqS7mQ9PXi", "uri": "https://www.flymanchester.com/wp-content/uploads/2022/03/Manchester-Private-or-Direct-Placement-RFP-FINAL-3_21_2022.pdf", "label": "www.flymanchester.com", "score": 11.1081447601, "published": false}, {"hash": "hnzukMKdMnN", "uri": "https://www.flymanchester.com/wp-content/uploads/2021/10/Manchester-direct-placement-RFP-10_13_2021.pdf", "label": "www.flymanchester.com", "score": 10.883641243, "published": false}, {"hash": "3EThs2bYF88", "uri": "https://www.bidnet.com/bneattachments?/725478276.pdf", "label": "www.bidnet.com", "score": 10.883641243, "published": false}], "size": 6, "snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "the-interest-rate", "type": "clause", "offset": [66, 83]}, {"key": "remaining-term", "type": "definition", "offset": [130, 144]}], "hash": "40778650677403befa3647227d4b1b59", "id": 9}, {"snippet": "means any indebtedness, including Senior Lien Debt, Parity Debt and Subordinate Obligations, the interest rate on which is not fixed at the time of incurrence of such indebtedness, and has not at some subsequent date been fixed, at a numerical rate or rates for the entire term of such indebtedness.", "samples": [{"hash": "6KZlzjLqBwc", "uri": "https://www.sfcta.org/sites/default/files/content/Executive/Meetings/board/2017/09-Sep-12/enc_8c_2017_amended_and_restated_indenture_4811_5885_7798_v.9.pdf", "label": "Amended and Restated Indenture", "score": 12.8412046432, "published": false}, {"hash": "dJiVBVGDKgR", "uri": "https://www.sfcta.org/sites/default/files/content/Executive/Meetings/cac/2017/09-Sep-6/enc_7c_2017_amended_and_restated_indenture_4811_5885_7798_v.9.pdf", "label": "Amended and Restated Indenture", "score": 12.8316221237, "published": false}], "size": 6, "snippet_links": [{"key": "senior-lien-debt", "type": "definition", "offset": [34, 50]}, {"key": "parity-debt", "type": "definition", "offset": [52, 63]}, {"key": "subordinate-obligations", "type": "clause", "offset": [68, 91]}, {"key": "the-interest-rate", "type": "clause", "offset": [93, 110]}, {"key": "at-the-time", "type": "definition", "offset": [133, 144]}, {"key": "subsequent-date", "type": "definition", "offset": [201, 216]}, {"key": "term-of", "type": "clause", "offset": [273, 280]}], "hash": "9cb01cc9654fe568ae64e3520513eeb8", "id": 10}], "next_curs": "CmcSYWoVc35sYXdpbnNpZGVyY29udHJhY3RzckMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIjdmFyaWFibGUtcmF0ZS1pbmRlYnRlZG5lc3MjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.", "title": "Variable Rate Indebtedness", "size": 202, "id": "variable-rate-indebtedness", "examples": ["Maintain an aggregate Pro Rata Share of the Debt (including the Loan) of the Consolidated CRT Entities and the Unconsolidated CRT Entities which is <strong>Variable Rate Indebtedness</strong> of not more than thirty-five (35%) percent of the Total Asset Value.", "The aggregate pro rata amount of the Indebtedness (including the Obligations) of the Consolidated Group which is <strong>Variable Rate Indebtedness</strong> shall not exceed twenty percent (20%) of the Total Asset Value.", "The ratio, expressed as a percentage, of (i) the Indebtedness of the REIT and its consolidated Subsidiaries that is <strong>Variable Rate Indebtedness</strong> (exclusive of the Indebtedness under this Agreement and the Loan Documents) to (ii) Total Asset Value shall not exceed twenty-five percent (25%) as of the end of the most recently ended fiscal quarter.", "The aggregate Pro Rata amount of the Debt (including the Loan) of the Consolidated CSC Entities and the Unconsolidated CSC Entities which is <strong>Variable Rate Indebtedness</strong> shall not exceed thirty (30%) percent of the Total Asset Value.", "Commencing on the Effective Date and thereafter until all Loans are paid in full and the Lenders have no further obligation to make Loans hereunder, the Borrower shall maintain in effect Interest Rate Contracts with counterparties and in form reasonably satisfactory to the Agent covering that portion of Borrower&#x27;s <strong>Variable Rate Indebtedness</strong> equal to the amount by which Borrower&#x27;s <strong>Variable Rate Indebtedness</strong> exceeds 20% of Total GAAP Assets.", "The Borrower shall not permit ratio of Total Unhedged <strong>Variable Rate Indebtedness</strong> to Total Indebtedness to exceed 30%.", "The Borrower shall maintain in effect the Interest Rate Contracts in form and substance reasonably satisfactory to the Lead Lenders with respect to that portion of the <strong>Variable Rate Indebtedness</strong> which exceeds, excluding the IRB Indebtedness, the principal amount of $125,000,000.", "Permit Total <strong>Variable Rate Indebtedness</strong> at any time to exceed 25% of Total Asset Value at such time.", "The designated agent for the Authority, in accordance with the terms of a remarketing agreement, may provide for the resale or redelivery of the <strong>Variable Rate Indebtedness</strong> on behalf of the Authority at a price provided for in such agreement.", "If the <strong>Variable Rate Indebtedness</strong> shall not be resold or redelivered within a stated period, the agent for the Authority may be authorized to draw upon a previously executed Enhancement Facility for payment of interest and principal for a particular Series of <strong>Variable Rate Indebtedness</strong> to which such Enhancement Facility shall pertain."], "related": [["adjusted-indebtedness", "Adjusted Indebtedness", "Adjusted Indebtedness"], ["convertible-indebtedness", "Convertible Indebtedness", "Convertible Indebtedness"], ["variable-rate", "Variable Rate", "Variable Rate"], ["related-indebtedness", "Related Indebtedness", "Related Indebtedness"], ["applicable-indebtedness", "Applicable Indebtedness", "Applicable Indebtedness"]], "related_snippets": [], "updated": "2026-08-01T04:26:20+00:00"}, "json": true, "cursor": ""}}