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 Principal Paying Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms), 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 shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent or the Calculation Agent, as applicable, shall calculate the Rate of Interest at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser acting in good faith and in a commercially reasonable manner as an expert, determines appropriate.

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 Principal Paying Agent (or if the Agent is not the Calculation Agent, as applicable, the Calculation Agent specified in the applicable Final Terms) by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms), 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 longer than the length of the relevant Interest Period or Specified Period, provided however however, that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent (or if the Agent is not the Calculation Agent, as applicable, the Calculation Agent specified in the applicable Final Terms) shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and Issuer shall determine as appropriate for such Independent Adviser acting in good faith and in a commercially reasonable manner as an expert, determines appropriatepurposes.

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 (in the case of Notes other than VP Notes) or (in the Calculation Agent, as applicable, case of VP Notes) the VP Agent by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms), 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 shall shal be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent (in the case of Notes other than VP Notes) or (in the Calculation Agent, as applicable, case of VP Notes) the VP Agent shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser acting in good faith and in a commercially reasonable manner as deems appropriate, which may include consultation with an expertindependent adviser, determines appropriatefor such purposes.

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 (in the case of Notes other than VP Notes) or (in the Calculation Agent, as applicable, case of VP Notes) the VP Agent by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms)Rate, 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 shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent (in the case of Notes other than VP Notes) or (in the Calculation Agent, as applicable, case of VP Notes) the VP Agent shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser acting in good faith and in a commercially reasonable manner as deems appropriate, which may include consultation with an expertindependent adviser, determines appropriatefor such purposes.

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 Calculation Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on upon the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where “ISDA Determination Determination” is specified as applicable in the applicable Final Terms), 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 shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period Period; provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Calculation Agent or the Calculation Agent, as applicable, shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser independent adviser acting in good faith and in a commercially reasonable manner as an expertexpert appointed by the Issuer in its reasonable discretion, determines appropriate. For the purposes of this Condition 6.2(e) only, “Calculation Agent” shall mean the Issuer or, if so specified in the applicable Final Terms, a financial institution of international repute appointed by the Issuer at its own expense for these purposes.

Linear Interpolation. Where Linear Interpolation is specified as in the applicable Final Terms in respect of an Interest Period in the applicable Final TermsAccrual Period, the Rate of Interest for such Interest Accrual Period shall be calculated by the Principal Paying Calculation Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms), one of which shall be determined as if the Designated Applicable Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Accrual Period and the other of which shall be determined as if the Designated Applicable Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Accrual Period provided however that if there is no rate available for a the period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent Issuer (acting in good faith and in a commercially reasonable manner, and in consultation with an independent financial institution of international repute or an independent financial adviser with appropriate expertise appointed by the Calculation Agent, as applicable, Issuer) shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser acting in good faith and in a commercially reasonable manner as an expert, it determines appropriate.

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final TermsTerms or (in the case of Exempt Notes) Pricing Supplement, the Rate of Interest for such Interest Period shall be calculated by the Principal Paying Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final TermsTerms or (in the case of Exempt Notes) Pricing Supplement) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final TermsTerms or (in the case of Exempt Notes) Pricing Supplement), 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 shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Agent or the Calculation Agent, as applicable, Issuer shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser acting in good faith and in a commercially reasonable manner as an expert, it determines appropriate.

Linear Interpolation. Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final TermsTerms or Pricing Supplement, the Interest Rate of Interest for such Interest Period shall be calculated by the Principal Paying Calculation Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on upon the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final TermsTerms or Pricing Supplement) or the relevant Floating Rate Option (where “ISDA Determination Determination” is specified as applicable in the applicable Final TermsTerms or Pricing Supplement), one of which shall be determined as if the Designated Maturity (if applicable) 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 shall be determined as if the Designated Maturity (if applicable) were the period of time for which rates are available next longer than the length of the relevant Interest Period Period; provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Principal Paying Calculation Agent or the Calculation Agent, as applicable, shall calculate the Rate of Interest determine such rate at such time and by reference to such sources as the Issuer, in consultation with an Independent Adviser appointed by the Issuer, and such Independent Adviser independent adviser acting in good faith and in a commercially reasonable manner as an expertexpert appointed by the Issuer in its reasonable discretion, determines appropriate. For the purposes of this Condition 6.2(e) only, “Calculation Agent” shall mean the Issuer or, if so specified in the applicable Final Terms or Pricing Supplement, a financial institution of international repute appointed by the Issuer at its own expense for these purposes.