Adjusted Interest Rate definition

Adjusted Interest Rate is defined in Section 1.2(e).

Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Securities should accrue so that the fair market value, expressed in dollars, of a Security immediately after the later of:

Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Debentures should accrue so that the fair market value, expressed in dollars, of a Debenture immediately after the later of:

Examples of Adjusted Interest Rate in a sentence

• For purposes of determining the Interest Rate, the Trustee may assume that a Reset Transaction has not occurred unless the Trustee has received an Officers' Certificate stating that a Reset Transaction has occurred and specifying the Adjusted Interest Rate then in effect.

• The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period.

• Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period.

• If any payment is due on a day that is not a Business Day, the date for payment thereof shall be extended to the next Business Day, without additional interest, except that, if the Final Maturity Date is not a Business Day, the date for payment of the amount, if any, that is due on the Final Maturity Date shall be extended to the next succeeding Business Day, and any interest payable thereon shall accrue and be payable for such extension of time at the Adjusted Interest Rate.

• For purposes of determining the Interest Rate, the Trustee may assume that a Reset Transaction has not occurred unless the Trustee has received an Officers’ Certificate stating that a Reset Transaction has occurred and specifying the Adjusted Interest Rate then in effect.

More Definitions of Adjusted Interest Rate

Adjusted Interest Rate shall, with respect to any Note, have the meaning assigned to such term in the Mortgage Loan Agreement.

Adjusted Interest Rate means the interest rate on the Notes shall be the rate per annum which is 1.00% above the stated rate of the Notes.

Adjusted Interest Rate. (i) With respect to any Note, as defined in the Mortgage Loan Agreement; (ii) with respect to the Trust Loan, the weighted average of the Adjusted Interest Rates for the Trust Notes (weighted based on the respective principal balances of the Trust Notes) (the “Trust Loan Adjusted Interest Rate”), and (iii) with respect to the Mortgage Loan, the weighted average of the Adjusted Interest Rates for the Notes (weighted based on the respective principal balances of the Notes) (the “Mortgage Loan Adjusted Interest Rate”).

Adjusted Interest Rate means, with respect to each Note, a rate per annum equal to from and including the first day of the Interest Period commencing on the day after the Anticipated Repayment Date through and including the last day of the Interest Period relating to the Maturity Date, the sum of (i) two hundred basis points (2.00%) plus (ii) the greater of (A) the sum of (I) the ARD Treasury Note Rate in effect as of 1:00 p.m., New York City time, on the Anticipated Repayment Date (or, if such day is not a Business Day, the first Business Day immediately preceding the Anticipated Repayment Date), as determined by Lender plus (II) (x) with respect to Note A, 1.65% or (y) with respect to Note B, 1.65%, and (B) the applicable Initial Interest Rate for such Note.”

Adjusted Interest Rate means, the stated interest rate on the Notes increased by 100 basis points (1.00%) to (a) 5.98% per annum in the case of the Series A Notes, (b) 6.32% per annum in the case of the Series B Notes, and (c) 6.82% per annum in the case of the Series C Notes.

Adjusted Interest Rate as defined in Subsection 2.8(d)(v).

Adjusted Interest Rate means the interest rate on the Notes shall be the rate per annum which is 0.75% above the stated rate of such Notes. The Adjusted Interest Rate with respect to the Notes shall be 6.00% per annum.