CMS-30 Accrual Rate definition

CMS-30 Accrual Rate means, for any Currency Business Day in an Accrual Period, the annual swap rate for euro swap transactions with a maturity of 30 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 page under 11 a.m. Frankfurt time, on the relevant day, provided that:
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CMS-30 Accrual Rate means, for any Currency Business Day in an Accrual Period, the annual swap rate for USD swap transactions with a maturity of 30 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX1 page as of 11:00 a.m. New York City time, on the relevant day, provided that if such rate does not appear on the Reuters Screen ISDAFIX1 page on the relevant day, the rate for such day will be determined by the Calculation Agent in its sole and absolute discretion acting in a commercially reasonable manner.
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Related to CMS-30 Accrual Rate

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the weekly average yield to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the most recent weekly average yield to maturity for two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date, and (B) the other maturity as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Dividend Determination Date.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;