Interest Rate Adjustment means 0.50% per annum.
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.
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.
Any Interest Rate Adjustment shall be effective from and including the Interest Payment Date immediately following the date of the Step Up Event or the Step Down Event (as applicable).
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 Loans, on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest .125%), subject to the Mortgage Interest Rate Cap.
When there are changes in the Compensatory Interest Rates, the Interest Rate Adjustment Date shall be the first day of the following month after the changes, and the default interest is calculated monthly based on the floating interest rates.
More Definitions of Interest Rate Adjustment
Interest Rate Adjustment. The interest rate payable on the Notes will be subject to adjustment based on certain rating events as described under the caption “Description of the Notes—Interest Rate Adjustment of the Series I Senior Notes Based on Certain Rating Events” in the Preliminary Prospectus Supplement dated August 11, 2020. Price to Public: 98.702%, plus accrued interest from August 20, 2020 Gross Proceeds: $592,212,000 Coupon: 3.500% Yield to Maturity: 3.655% Spread to Benchmark Treasury: +300 basis points Benchmark Treasury: UST 0.625% due May 15, 2030 Benchmark Treasury Yield: 0.655% Optional Redemption: At any time, the Notes may be redeemed, in whole or in part, at a price equal to 100% of their principal amount, plus the Make-Whole Premium (T + 45 bps), plus accrued and unpaid interest, if any, thereon to the applicable redemption date. If the Notes are redeemed on or after 90 days before maturity, the redemption price will be equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, thereon to, but excluding, the applicable redemption date. CUSIP / ISIN: 44107T AZ9 / US44107TAZ93 Use of Proceeds: The Company estimates the net proceeds from the sale of the Notes will be approximately $587.9 million, after deducting the underwriting discount, fees and expenses payable by the Company. The Company intends to fully allocate an amount equal to the net proceeds from the sale of the Notes on the issue date to one or more Eligible Green Projects, including the previous acquisitions of the W Hollywood Hotel and the 1 Hotel South Beach, each of which has received LEED Silver certification. The Company may also allocate or re-allocate net proceeds from this offering to other Eligible Green Projects. Following the allocation referenced above, the Company intends to use the net proceeds from this offering to fund the purchase for cash any and all of the Company’s $450 million outstanding aggregate principal amount of the Company’s Series C senior notes (the “Series C Senior Notes”) that are tendered in connection with the tender offer launched on the date hereof (the “Tender Offer”), and the payment of accrued interest and related fees, premiums and expenses in connection therewith. The Company intends to use any remaining net proceeds that are not used to pay for the Series C Senior Notes for general corporate purposes, which may include repurchases of debt. Underwriters:
Interest Rate Adjustment. The interest rate on the notes is subject to adjustment as described in the Preliminary Prospectus Supplement.
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 payable on the notes will be subject to adjustment from time to time if either Xxxxx’x or S&P (or any substitute rating agency) downgrades (or subsequently upgrades) the debt rating assigned to the notes as described under “Description of notes—Interest rate adjustment” in the Preliminary Prospectus Supplement.
Interest Rate Adjustment. The interest rate payable on the Notes will be subject to adjustment from time to time if an Interest Rate Adjustment Triggering Event occurs or, if following an Interest Rate Adjustment Triggering Event, S&P (or, if applicable, any Substitute Rating Agency) subsequently upgrades the debt rating assigned to the Notes, in each case in the manner described under “Description of the Notes-Interest Rate Adjustment” in the preliminary prospectus supplement. CUSIP / ISIN: 00000X000 / US74348T1108 Joint Book-Running Managers: RBC Capital Markets, LLC and UBS Securities LLC Joint Lead Managers: Ladenburg Xxxxxxxx & Co. Inc., Xxxxxxxxxxx & Co. Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Citigroup Global Markets Inc., and Xxxxxxx Xxxxx & Company, L.L.C. Co-Managers: X. Xxxxx FBR, Inc. and Incapital LLC * A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. ** We expect that delivery of the Notes will be made against payment therefor on or about December 5, 2018, which will be the fifth business day following the date of the pricing of the Notes (such settlement being herein referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the date of delivery will be required, by virtue of the fact that the Notes initially will settle in T+5 business days, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated November 28, 2018, together with an accompanying prospectus dated October 31, 2018, which have been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about the Company and should be read carefully before investing. You may get these documents for free by visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the Company, the underwriters or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus if you request it by calling RBC Capital Markets, LLC toll-free at 0-...
Interest Rate Adjustment. The interest rate on the notes is subject to adjustment as described in the Preliminary Prospectus Supplement. Yield to Maturity: 4.750% Interest Payment Dates: 1st of every April and October, commencing April 1, 2018 Spread to Benchmark Treasury: T+300 basis points Benchmark Treasury: 1.625% due August 31, 2022 Benchmark Treasury Price / Yield: 99-13 / 1.750%