Interpolated Primary Term Rate definition

Interpolated Primary Term Rate means, in relation to any Term Rate Loan, the rate (rounded to the same number of decimal places as the two relevant Primary Term Rates) which results from interpolating on a linear basis between:
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Interpolated Primary Term Rate means, in relation to any Loan, the rate (rounded to the same number of decimal places as the relevant Primary Term Rate) which results from interpolating on a linear basis between:
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Interpolated Primary Term Rate means, the rate (rounded to the same number of decimal places as the two relevant Primary Term Rates) which results from interpolating on a linear basis between:
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Examples of Interpolated Primary Term Rate in a sentence

  • If paragraph (b) above applies but no Primary Term Rate is available for the Interest Period of that Loan and it is not possible to calculate the Interpolated Primary Term Rate, the applicable Term Reference Rate shall be the Historic Primary Term Rate for that Loan.

  • If paragraph (a) above applies but it is not possible to calculate the Interpolated Primary Term Rate, the Interest Period of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Term Reference Rate shall be determined pursuant to the definition of “Term Reference Rate”.

  • If paragraph (a) above applies but it is not possible to calculate the Interpolated Primary Term Rate, the Interest Period of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Term Reference Rate shall be determined pursuant to the definition of "Term Reference Rate".


More Definitions of Interpolated Primary Term Rate

Interpolated Primary Term Rate. If no Primary Term Rate is available for the Interest Period of a Term Rate Loan, the applicable Term Reference Rate shall be the Interpolated Primary Term Rate for a period equal in length to the Interest Period of that Term Rate Loan.
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Interpolated Primary Term Rate. If no Primary Term Rate is available for the Term of a Term Rate Advance, the applicable Term Reference Rate shall be the Interpolated Primary Term Rate for a period equal in length to the Term of that Advance.
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Interpolated Primary Term Rate means, in relation to any Term Rate Loan, the rate (rounded to the same number of decimal places as the two relevant Primary Term Rates) which results from interpolating on a linear basis between: (a) the applicable Primary Term Rate for the longest period (for which that Primary Term Rate is available) which is less than the Interest Period of that Loan; and (b) the applicable Primary Term Rate for the shortest period (for which that Primary Term Rate is available) which exceeds the Interest Period of that Loan, each as of the Quotation Time. "Key Performance Indicators" means each of KPI1, KPI2 and KPI3. "KPI1" means the reduction of absolute scope 1 and 2 carbon emissions (carbon abatement) through renewable projects as calculated in accordance with the accounting and reporting standards as published by the GHG Protocol, and the relevant Calculation Methodology, and for the purpose of the financial year ending in 2024, the SBTi-validation of 2030 net scope 1 and 2 carbon emissions reduction targets by 31 December 2024. "KPI2" means the water recycling and reusage percentage as calculated in accordance with the relevant Calculation Methodology. "KPI3" means the percentage of women representation in total workforce as calculated in accordance with the relevant Calculation Methodology. "Legal Opinion" means any legal opinion delivered to the Agent under Clause 4.1 (Initial conditions precedent) or Clause 25 (Changes to the Obligors). "Legal Reservations" means: (a) the principle that equitable remedies may be granted or refused at the discretion of a court and the limitation of enforcement by laws relating to insolvency, reorganisation and other laws generally affecting the rights of creditors; (b) the time barring of claims under the Limitation Acts 1980 or the Foreign Limitation Periods Act 1987, the possibility that an undertaking to assume liability for or indemnify a person against non-payment of UK stamp duty may be void and defences of set-off or counterclaim (c) similar principles, rights and defences under the laws of any jurisdiction in which an Obligor is incorporated; and (d) any other matters which are set out as qualifications or reservations as to matters of law of general application in the Legal Opinions. "Lender" means: (a) any Original Lender; and
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