Examples of Mid-Swap Rate in a sentence
If the Replacement Rate Agent is unable to determine the quantum of, or a formula or methodology for determining such Alternative Mid-Swap Rate Adjustment Spread, then the Alternative Mid-Swap Rate will be referenced without an Alternative Mid- Swap Rate Adjustment Spread.
If the Replacement Rate Agent determines that an Alternative Mid-Swap Rate Adjustment Spread should be applied to the Alternative Mid-Swap Rate, then such Alternative Mid-Swap Rate Adjustment Spread shall be applied to the Alternative Mid-Swap Rate.
Such mid-swap rate (the " Alternative Mid-Swap Rate") shall be determined by the Replacement Rate Agent (as defined below) acting in good faith, taking into account all available information including industry standard for international debt capital markets transactions and over-the-counter derivative transactions that the Replacement Rate Agent considers sufficient for that rate to be a representative alternative rate.
For purposes hereof, the following definitions shall apply: 5 Year Mid-Swap Rate means the mid swap rate for euro swap transactions with a maturity of five years.
Mid-Swap Rate:[Single Mid-Swap Rate/Mean Mid-Swap Rate/Not Applicable]( If not applicable, delete the remaining sub- paragraphs of this paragraph) - Reference Rate Replacement:[Applicable/Not Applicable] - Mid-Swap Floating Leg [ ] Maturity: - Initial Mid-Swap Rate Final Fallback:[Applicable/Not Applicable] (If not applicable, delete “Initial Mid-Swap Rate” immediately below) - Initial Mid-Swap Rate: [ ] per cent.