Floating Interest Rate

Example Definitions of "Floating Interest Rate"
Floating Interest Rate. The variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate
Found in NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP contract
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