Interpolated LIBOR Rate definition
Interpolated LIBOR Rate means, (i) for any period of less than 12 months, the rate determined by the Calculation Agent using linear interpolation between USD-LIBOR-BBA for the Designated Maturity (as such terms are defined in the 1991 ISDA Definitions published by the International Swaps and Derivatives Association, Inc.) that corresponds most closely to, but is longer than, such period, and USD-LIBOR-BBA for the Designated Maturity that corresponds most closely to, but is shorter than, such period and (ii) for any period of more than 12 months, the rate determined by the Calculation Agent using linear interpolation between the "offer side" U.S. Dollar Swap rate posted on Bloomberg Financial Markets ("Bloomberg") Page "SWYC23" (or any successor or replacement page) for the Designated Maturity that corresponds most closely to, but is longer than, such period, and the "offer side" U.S. Dollar Swap rate posted on Bloomberg Page "SWYC23" for the Designated Maturity that corresponds most closely to, but is shorter than, such period; provided that, in either case, the Calculation Agent shall make such adjustments to such rates as are appropriate to reflect continuous compounding (and not semi-annual, or other method of, compounding) over such period.
Interpolated LIBOR Rate means, for any period, (i) if such period is one week or less, LIBOR with a maturity of one week and with an Interest Reset Date of the second London Banking Day prior to the start of such period and (ii) otherwise, LIBOR with a maturity of such period; PROVIDED that if LIBOR for such maturity does not appear on Telerate Page 3750, such rate will be determined by the Calculation Agent by interpolating linearly in accordance with market practice (and rounding to the nearest hundred-thousandth of a percentage point) between LIBOR for the nearest shorter and nearest longer maturities which appear on such page, in each case with an Interest Reset Date of the second London Banking Day prior to the start of such period, based on the number of days in such period.
Interpolated LIBOR Rate means, for any day, the LIBOR rate for deposits in U.S. dollars for the period commencing on (but excluding) such day and ending on (and including) the earlier of the next Interim Adjustment Date or the Expiration Date, as determined in good faith by the Seller by an interpolation of published LIBOR rates for the relevant period, as such rates are published on Telerate page 3750 as of 11:00 a.m., London time on such day (or such other page as may replace that page on that service, or such other service as may be nominated by the Seller as the information vendor, for the purpose of displaying rates comparable to LIBOR); provided that if any such day is not a London Banking Day, the LIBOR Rate for such day shall be the LIBOR Rate for the immediately succeeding London Banking Day. “LIBOR Rate” means, for any day, the LIBOR rate for deposits in U.S. dollars for the one month period commencing on such day, as such rates are published on Telerate page 3750 as of 11:00 a.m., London time on such day (or such other page as may replace that page on that service, or such other service as may be nominated by the Seller as the information vendor, for the purpose of displaying rates comparable to LIBOR); provided that if any such day is not a London Banking Day, the LIBOR Rate for such day shall be the LIBOR Rate for the immediately succeeding London Banking Day. “London Banking Day” means any day on which dealings in U.S. dollar deposits are transacted in the London interbank market. 7
More Definitions of Interpolated LIBOR Rate
Interpolated LIBOR Rate means, for any day, the LIBOR rate for deposits in U.S. dollars for the period commencing on (but excluding) such day and ending on (and including) the Expiration Date, as determined in good faith by the Seller by an interpolation of published LIBOR rates for the relevant period, as such rates are published on Telerate page 3750 as of 11:00 a.m., London time on such day (or such other page as may replace that page on that service, or such other service as may be nominated by the Seller as the information vendor, for the purpose of displaying rates comparable to LIBOR); provided that if any such day is not a London Banking Day, the LIBOR Rate for such day shall be the LIBOR Rate for the immediately succeeding London Banking Day.