Fixed Rate Swap Equivalent definition
Fixed Rate Swap Equivalent means for each Installment, the Interbank Market Fixed Rate in respect of a specified maturity matching the Tenor of that Installment and if there is no maturity matching the Tenor of that Installment, the various rates shall be interpolated in accordance with Section 3.3.2(c).
Fixed Rate Swap Equivalent means for any principal amount, the fixed interest rate payable in the swap market in the Loan Currency against receipt of interest at LIBOR 1. on an equivalent amount of principal on the Rate Setting Date for the related A Loan Disbursement, or 2. in the case of any prepayments on an amount of the Loan Currency equal to the principal amount of the A Loan outstanding on the prepayment date, in both cases either a. as determined by IFC from the relevant pages of the Dow Jones Telerate service, the Reuters service or the Bloomberg Financial Markets service (as selected by IFC), using the information displayed on the relevant page for the relevant Rate Setting Date or prepayment date, as the case may be (and if the page displays information which changes during the course of the day rather than staying fixed for the whole day, as of such time as IFC may most recently have advised the Company) with that information being interpolated on a straight-line basis so as to match the actual maturities for the relevant Tranche (as illustrated in Annex A attached to the IFC Special Conditions) or b. (in the event that all such services cease to be available or none of them contains all the necessary swap equivalent information or, in IFC's reasonable opinion, none of them any longer provides an appropriate method of determining fixed rates, either generally or on any relevant Rate Setting Date or prepayment date) as determined by IFC using whatever equivalent means of calculation IFC considers appropriate.