Interpolated Rate
Interpolated Rate. Means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available for the applicable currency) that is shorter than the Impacted Interest...
View More
Found in
Newell Brands contract
Interpolated Rate. At any time, for any Impacted Interest Period, the rate per annum (rounded to the same number of decimal places as the relevant Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable Screen Rate for the longest period (for which the applicable Screen Rate is available for Dollars) that is shorter than the Impacted Interest...
View More
Interpolated Rate. Means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the Screen Rate) which results from interpolating on a linear basis between: (a)the applicable Screen Rate for the longest period (for which that Screen Rate is available) which is less than the Interest Period of that Loan; and (b)the applicable Screen Rate for the shortest period (for which that Screen Rate is available) which exceeds the Interest Period of that Loan, each as of...
View More
Found in
Encompass Health Corp. contract
Interpolated Rate. With respect to any Receivable for which a published BSBY Rate is not available for an applicable tenor, at any time, the rate per annum (rounded to the same number of decimal places as the BSBY Rate) determined by the Purchaser (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the BSBY Rate for the longest period for which BSBY is available that is shorter than the applicable tenor;...
View More
Interpolated Rate. Provided that, if any Interpolated Rate shall be less than 1.00%, such rate shall be deemed to be 1.00% for the purposes of this Agreement
All Definitions
Found in
Leggett & Platt contract