Interest determination. (a) Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, subject as provided below, be either:
(i) the offered quotation; or
(ii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the offered quotations, (expressed as a percentage rate per annum), for the Reference Rate which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at the Specified Time on the Interest Determination Date in question plus or minus (as indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent. If five or more offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one highest quotation, one only of those quotations) and the lowest (or, if there is more than one lowest quotation, one only of those quotations) shall be disregarded by the Agent for the purpose of determining the arithmetic mean (rounded as provided above) of the offered quotations.
(b) If the Relevant Screen Page is not available or if, in the case of subclause 7.2(a)(i), no offered quotation appears or, in the case of subclause 7.2(a)(ii), fewer than three offered quotations appear, in each case as at the Specified Time, the Reference Banks Agent shall request each of the Reference Banks to provide the Reference Banks Agent with its offered quotation (expressed as a percentage rate per annum) for the Reference Rate at approximately the Specified Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Reference Banks Agent with offered quotations, the Rate of Interest for the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent.
(c) If on any Interest Determination Date one only or none of the Reference Banks provides the Reference Banks Agent with an offered quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded up...
Interest determination. Each Rate of Interest and Interest Amount shall be calculated in accordance with the Conditions.
Interest determination. If the Reference Rate from time to time in respect of Floating Rate Notes is specified in the applicable Pricing Supplement as being other than LIBOR, EURIBOR or Compounded Daily XXXXX, the Rate of Interest in respect of the Notes will be determined as provided in the applicable Pricing Supplement.
Interest determination. 5.1. Interest shall accrue for each Interest Period on the Facility Outstandings at the Interest Rate.
5.2. Such interest shall accrue and be calculated on a daily basis and shall be calculated on the actual number of days elapsed and on the basis of a 365 day year, irrespective of whether or not the applicable year is a leap year.
5.3. Accrued interest which is not paid on an Interest Payment Date shall be compounded.
Interest determination. Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, be determined as provided in the Conditions.
Interest determination. (a) The Principal Paying Agent shall:
(i) where Screen Rate Determination and Overnight Rate are specified as "Applicable", the Reference Rate is specified as being "Compounded Daily XXXXX" and Index Determination is specified as "Not Applicable" in the applicable Final Terms, the provisions set out in Condition 4.2(b)(ii) (XXXXX - Compounded Daily XXXXX (Non-Index Determination)) shall apply and the Rate of Interest for each Interest Period will, subject to Condition 4.2(b)(ii) (XXXXX - Xxxxxxxxxx Daily XXXXX (Non-Index Determination)), be Compounded Daily XXXXX plus or minus (as indicated in the applicable Final Terms) the Margin (if any), as calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms); or
(ii) where Screen Rate Determination, Overnight Rate and Index Determination are specified as "Applicable" and the Reference Rate is specified as being “Compounded Daily XXXXX” in the applicable Final Terms, the provisions set out in Condition 4.2(b)(ii) (XXXXX - Compounded Daily XXXXX (Index Determination)) shall apply and the Rate of Interest for each Interest Period will, subject to Condition 4.2(b)(ii) (XXXXX - Compounded Daily XXXXX (Index Determination)), be Compounded Daily XXXXX plus or minus (as indicated in the applicable Final Terms) the Margin (if any), as calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms); or
(iii) where Screen Rate Determination and Overnight Rate are specified as "Applicable" and the Reference Rate is specified as being “Average XXXXX” in the applicable Final Terms, the provisions set out in Condition 4.2(b)(ii) (Average XXXXX) shall apply and the Rate of Interest for each Interest Period will, subject to Condition 4.2(b)(ii) (Average XXXXX)), be Average XXXXX plus or minus (as indicated in the applicable Final Terms) the Margin (if any), as calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms); or
(iv) where Screen Rate Determination and Overnight Rate are specified as "Applicable", the Reference Rate is specified as being "Compounded Daily SOFR" and Index Determination is specified as "Not Applicable" in the applicable Final Terms, the provisions set out in Condition 4.2(b)(ii) (SOFR - Compounded Daily...
Interest determination. The applicable Interest Rate applicable to each Loan for any given Interest Period shall be determined by the Lender on the relevant Interest Determination Date subject to the terms and conditions of this Agreement.
Interest determination. Where "Applicable – Overnight Rate" is specified as the method of Screen Rate Determination in the applicable Final Terms as the manner in which the Rate of Interest is to be determined:
Interest determination. The Borrower shall pay interest on the principal of each Tranche from time to time outstanding during each Interest Period at the Fixed Interest Rate/Floating Interest Rate specified in the applicable Disbursement Notice. Interest shall (i) accrue from and including the first day of the Interest Period to but excluding the last day of such Interest Period; and (ii) be due and payable on the Interest Payment Dates specified in the applicable Disbursement Notice. Interest shall be calculated on the basis of the Day Count Convention specified in the relevant Disbursement Notice. In the case of Floating Interest Rate Tranches, the CEB shall determine on each Interest Determination Date the interest rate applicable during the relevant Interest Period in accordance with the Agreement and promptly give notice thereof to the Borrower. Each determination by the CEB shall be final, conclusive and binding upon the Borrower unless shown by the Borrower to the satisfaction of the CEB that any such determination has involved manifest error.
Interest determination. Upon determining the LIBO Rate for each Interest Period, the Alternate Rate for any period or the Base Rate in effect from time to time, Administrative Agent shall promptly notify Borrower and Lenders thereof by telephone (confirmed promptly in writing) or in writing. Such determination shall, in the absence of manifest error, be conclusive and binding upon Borrower and the Lenders.
