Adjustable Rate Definition Example with 4 Variations
This page contains an example definition of Adjustable Rate, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Adjustable Rate. The initial Adjustable Rate shall be 1.906% per annum until the first Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.
Found in
Douglas Emmett, Inc. contract
Variations
Adjustable Rate. The initial Adjustable Rate shall be 1.906% One and 906/1000 percent (1.906%) per annum until the first Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.
Found in
Douglas Emmett, Inc. contract
Adjustable Rate. The initial Initial Adjustable Rate shall be 1.906% 2.414% per annum until the first Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) (a) the Current Index, and (ii) (b) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.
Found in
SUN COMMUNITIES INC contract
Adjustable Rate. The initial Initial Adjustable Rate shall be 1.906% 3.141% per annum until the first Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) (a) the Current Index, and (ii) (b) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.
Found in
SUN COMMUNITIES INC contract
Adjustable Rate. The initial Adjustable Rate shall be 1.906% per annum until the first Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin.
