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 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

Home values may go down or interest rates may go up.You can learn more about ARMs in the Consumer Handbook on Adjustable Rate Mortgages (files.consumerfinance.gov/f/201401_cfpb_booklet_charm.pdf) or by visiting consumerfinance.gov/owning-a-home.
For purposes of calculating DWAM, the maturity of an Adjustable Rate Security generally will be the period remaining until its next interest rate adjustment.
An Adjustable Rate loan is a loan in which the interest rate and monthly payment may change over the life of the loan.
Pursuant to the Agreement each participant has an obligation to pay its share of debt service on the Adjustable Rate Revenue Bonds (Bonds) from the revenues of its electric system, subject only to the prior payment of Operating & Maintenance Expenses (O&M) of each participant’s System, and shall be on a parity with any outstanding and future senior electric system revenue bonds, notes or other indebtedness payable from any revenues of the System.
Buyer will obtain a Loan(s) upon the following terms.Type: Conventional FHA DVA Other Not Applicable Interest Rate: Fixed Adjustable Rate Interest Only Other Amortization Period: yearsPrincipal Amount or LTV: All Loan amounts will include financed mortgage insurance premiums of DVA funding fee, if any, according to the provisions described herein.

More Definitions of Adjustable Rate

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 means the variable interest rate on the Bonds as determined in accordance with the Indenture, from and including the original date of issuance of the Bonds through but not including the Fixed Rate Conversion Date.

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, with respect to each Series of Bonds, the interest rate per annum on the Bonds of such Series established in accordance with Section 2.02(d) hereof.