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Interpolated Rate
Interpolated Rate contract clause examples

If no Screen Rate is available for EURIBOR for the Interest Period of a Loan, the applicable EURIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan.

Interpolated Screen Rate: If no Screen Rate is available for LIBOR for the Interest Period of a Loan, the applicable LIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan.

Interpolated Screen Rate: If no Screen Rate is available for LIBOR for the Interest Period of a Loan, LIBOR shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan.

If no Screen Rate is available for EURIBOR for the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, there shall be no EURIBOR for that Loan and Clause 12.3 (Cost of funds) shall apply to that Loan for that Interest Period.

Interpolated Screen Rate” shall mean, with respect to any LIBOR Borrowing denominated in any Currency, any EURIBOR Borrowing or any TIBOR Borrowing, in each case for any Interest Period or [clause (c)] of the definition of Alternate Base Rate, a rate per annum that results from interpolating on a linear basis between # the applicable Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than the applicable period and # the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than the applicable period, in each case as of the time the Interpolated Screen Rate is required to be determined in accordance with the other provisions hereof; provided that if such rate would be less than zero, such rate shall be deemed to be zero.

Interpolated Screen Rate” means, with respect to any LIBOR Borrowing denominated in any currency (other than U.S. Dollars) or any EURIBOR Borrowing, in each case for any Interest Period, a rate per annum which results from interpolating on a linear basis between # the applicable Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than such Interest Period and # the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than such Interest Period, in each case as of the Specified Time on the Quotation Day; provided, that if any Interpolated rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

Interpolated Screen Rate” means, with respect to any Eurodollar Borrowing for any Interest Period or clause (c) of the definition of “Base Rate”, a rate per annum which results from interpolating on a linear basis between # the applicable LIBOR Screen Rate for the longest maturity for which a LIBOR Screen Rate is available that is shorter than such Interest Periodthe applicable period and # the applicable LIBOR Screen Rate for the shortest maturity for which a LIBOR Screen Rate is available that is longer than such Interest Periodthe applicable period, in each case at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as of the time such rate is required to be determined in accordance with the provisions hereof.

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