Common use of Linear Interpolation Clause in Contracts

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Calculation Agent by straight line linear interpolation by reference to two rates based on: (i) the relevant Reference Rate (where Screen Rate Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined); or (ii) the relevant Floating Rate Option (where ISDA Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined), one of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for the period of time next shorter or, as the case may be, next longer, then the Calculation Agent shall determine such rate at such time and by reference to such sources as it determines appropriate. For the purposes of this Condition 4.2(e) Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Principal Paying Agent or the Calculation Agent Agent, as applicable, by straight line linear interpolation by reference to two rates based on: (i) the relevant Reference Rate (where Screen Rate Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined); or (ii) the relevant Floating Rate Option (where ISDA Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined), one of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for the period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent or the Calculation Agent Agent, as applicable, shall determine such rate at such time and by reference to such sources as it determines appropriate. For the purposes of this Condition 4.2(e6(b)(vi) Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Principal Paying Agent or the Calculation Agent Agent, as applicable, by straight line linear interpolation by reference to two rates based on: (i) the relevant Reference Rate (where Screen Rate Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined); or (ii) the relevant Floating Rate Option (where ISDA Determination is specified in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined), one of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for the period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent or the Calculation Agent Agent, as applicable, shall determine such rate at such time and by reference to such sources as it an independent adviser, appointed by the Issuer, determines appropriate. For the purposes of this Condition 4.2(e6(b)(vi) Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period or Specified Period in the applicable Final Terms, the Rate of Interest for such Interest Period or Specified Period shall be calculated by the Agent (or if the Agent is not the Calculation Agent, the Calculation Agent specified in the applicable Final Terms) by straight line linear interpolation by reference to two rates based on: (i) on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms as being the manner in which the Rate of Interest is to be determined); or (iiTerms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms as being the manner in which the Rate of Interest is to be determinedTerms), one of which shall be determined as if the Designated Maturity (as defined below) were the period of time for which rates are available next shorter than the length of the relevant Interest Period or Specified Period and the other of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which rates are available next longer than the length of the relevant Interest Period or Specified Period, provided however however, that if there is no rate available for the a period of time next shorter or, as the case may be, next longer, then the Agent (or if the Agent is not the Calculation Agent, the Calculation Agent specified in the applicable Final Terms) shall determine such rate at such time and by reference to such sources as it determines appropriatethe Issuer (in consultation with an independent financial institution or an independent financial adviser with the appropriate expertise appointed by the Issuer) shall determine as appropriate for such purposes. For the purposes of this Condition 4.2(e) paragraph, the expression “Designated Maturity Maturity” means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.