5-year Mid-Swap Rate Quotations definition

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and ask rates for the semi-annual fixed leg (calculated on an Actual/365 (Fixed) day count basis) of a fixed-for-floating Sterling interest rate swap which:

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the semi-annual fixed leg (calculated on a 30/360 day count basis as defined in the definition of Day Count Fraction below) of a fixed-for-floating U.S. dollar interest rate swap transaction which:

Examples of 5-year Mid-Swap Rate Quotations in a sentence

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• If on any Reset Rate of Interest Determination Date, the Relevant Screen Page is not available or the 5- year Mid-Swap Rate does not appear on the Relevant Screen Page, the Issuer (or an agent appointed by the Issuer) shall request each of the Reset Reference Banks to provide it with its 5-year Mid-Swap Rate Quotations at approximately 11:00 a.m. (Central European time) on such Reset Rate of Interest Determination Date.

• If on any Reset Determination Date, the Relevant Screen Page is not available or the 5- year Mid-Swap Rate does not appear on the Relevant Screen Page, the Issuer shall request each of the Reference Banks to provide the Calculation Agent with its 5-year Mid-Swap Rate Quotations as at approximately 11.00 (CET) on such Reset Determination Date.

• If on any Reset Rate of Interest Determination Date, the Calculation Agent advises the Issuer that the Relevant Screen Page is not available or the 5-year Mid-Swap Rate does not appear on the Relevant Screen Page, the Issuer (or an agent appointed by the Issuer) shall request each of the Reset Reference Banks to provide the Calculation Agent with its 5-year Mid-Swap Rate Quotations as at approximately 11:00 a.m. (Central European time) on such Reset Rate of Interest Determination Date.

• If on any Reset Rate of Interest Determination Date, the Relevant Screen Page is not available or the 5- year Mid-Swap Rate does not appear on the Relevant Screen Page, the Calculation Agent shall request each of the Reset Reference Banks to provide it with its 5-year Mid-Swap Rate Quotations at approximately 11:00 a.m. (Central European time) on such Reset Rate of Interest Determination Date.

More Definitions of 5-year Mid-Swap Rate Quotations

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which (a) has a term of 5 years commencing on the relevant Euro Notes Reset Date; and (b) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market; where the floating leg (calculated on an Actual/360 day count basis) is equivalent to six-month EURIBOR.

5-year Mid-Swap Rate Quotations means (i) if an Index Cessation Event in respect of 6 month Sterling LIBOR has not occurred on or before the relevant Reset Determination Date, the 5-year Mid-Swap Rate Quotations (LIBOR) or (ii) if an Index Cessation Event in respect of 6 month Sterling LIBOR has occurred on or before the relevant Reset Determination Date, the 5-year Mid-Swap Rate Quotations (XXXXX);

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates quoted by the Reference Banks at the Relevant Time for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating interest rate swap transaction in euro which: (A) has a term of five years commencing on the relevant Reset Date; (B) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market; and (C) has a floating leg which is based on the 6-month EURIBOR rate (calculated on an Actual/360 day count basis);

5-year Mid-Swap Rate Quotations means, in relation to any Reset Period, the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 Day Count basis) of a fixed- for-floating euro interest rate swap transaction which (i) has a term of 5 years commencing on the relevant Reset Date, (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market, and (iii) where the floating leg (calculated on the basis of the actual number of days elapsed and a year of 360 days) is equivalent to (A) the rate for deposits in euro for a six month-period commencing on the relevant Reset Date offered by the principal Eurozone office of major banks in the Eurozone interbank market to prime banks in the Eurozone interbank market at the time the relevant 5 Year Mid-Swap Rate Quotation is provided by the relevant Reference Bank or (B) to the extent that an industry-accepted substitute or successor rate for the rate in (A) has been established, including the rate that would have been used for the floating leg of the mid-swap rate that was to appear on the relevant Reset Screen Page at the relevant time if it had appeared at such time (as determined by the Issuer in its sole discretion), such substitute or successor rate;

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the semi-annual fixed leg (calculated on a 30/360 (ISDA) day count basis) of a fixed-for-floating U.S. dollar interest rate swap transaction which (i) has a term of five years commencing on the relevant Reset Date; and (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market, where the floating leg (calculated on an Actual/360 (ISDA) day count basis) is equivalent to the rate for deposits in U.S. dollars for a three-month period, offered by the principal London offices of leading swap dealers in the New York City interbank market to prime banks in the London interbank market or to the extent that an

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360-day count basis) of a fixed-for-floating euro interest rate swap transaction which: has a term of five years commencing on the Reset Date; and is in a Representative Amount,‌where the floating leg (calculated on an Actual/360-day count basis) is equivalent to EURIBOR 6- month or, if not available, such other benchmark, rate and/or day count fraction as is in customary market usage in the markets for such euro interest rate swap transactions at the relevant time;

5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg of a fixed-for-floating EUR interest rate swap transaction which: