Interpolated Term SOFR means, in relation to the Loan or any part of the Loan, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between:
Interpolated Term SOFR means, in relation to any Term Rate Loan, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between:
Interpolated Term SOFR. If no Term SOFR is available for the Interest Period of a Term SOFR Loan, the applicable Term SOFR Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of that Term SOFR Loan.
Examples of Interpolated Term SOFR in a sentence
If no Term SOFR is available for the Interest Period of a Loan or any part of a Loan and it is not possible to calculate the Interpolated Term SOFR, the applicable Reference Rate shall be the Historic Term SOFR for the Loan or that part of that Loan.
More Definitions of Interpolated Term SOFR
Interpolated Term SOFR means, in relation to Term SOFR of the applicable tenor for any Calculation Period, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between:
Interpolated Term SOFR means, for purposes of any calculation of Term SOFR for a SOFR Loan, the rate which results from interpolating on a linear basis between: (a) (i) for any Interest Period for a duration longer than one-month (other than three- months, sixth-months or twelve-months), the most recent applicable Term SOFR (determined pursuant to clause (a) of the definition thereof) for the longest period (for which Term SOFR is available) which is less than the Interest Period of that Loan and (ii) for any Interest Period of for a duration of less than one-month, SOFR as of such date of determination; and
Interpolated Term SOFR means, in relation to any Murabaha Contract, overdue amount or Unpaid Murabaha Sum, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between:
Interpolated Term SOFR means, in relation to the Loan or any part of the Loan, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between: (a) Either: (i) the applicable Term SOFR (as of the Specified Time) for the longest period (for which Term SOFR is available) which is less than the Interest Period of the Loan or that part of the Loan; or (ii) if no such Term SOFR is available for a period which is less than the Interest Period of the Loan or that part of the Loan, the most recent applicable Term SOFR for a tenor of one month; and (b) the applicable Term SOFR (as of the Specified Time) for the shortest period (for which Term SOFR is available) which exceeds the Interest Period of the Loan or that part of the Loan. "Inventory of Hazardous Materials" means, in respect of a Ship, an inventory certificate or statement of compliance (as applicable) issued by the relevant classification society or
Interpolated Term SOFR means, in relation to any Drawing, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between: (a) either: (i) the applicable Term SOFR (as of the Quotation Day) for the longest period (for which Term SOFR is available) which is less than the Interest Period of that Drawing; or (ii) if no such Term SOFR is available for a period which is less than the Interest Period of that Loan, SOFR for the day which is two US Government Securities Business Days before the Quotation Day; and (b) the applicable Term SOFR (as of the Quotation Day) for the shortest period (for which Term SOFR is available) which exceeds the Interest Period of that Drawing. "ISDA Master Agreement" means the 2002 Master Agreement as published by the International Swaps and Derivatives Association, Inc. "ISM Code" means the International Management Code for the Safe Operation of Ships and for Pollution Prevention.
Interpolated Term SOFR means, in relation to the Charter-hire Principal, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between: (a) either: (i) the applicable Term SOFR (as of the Quotation Day) for the longest period (for which Term SOFR is available) which is less than three (3) months; or (ii) if no such Term SOFR is available for a period less than three (3) months, SOFR for the day that is three (3) US Government Securities Business Days before the Quotation Day; and (b) the applicable Term SOFR (as of the Quotation Day) for the shortest period (for which Term SOFR is available) which exceeds three (3) months.” (j) Deleting the definition of “LIBOR” in clause 1.1 of the Common Terms Agreement. (k) Deleting the definition of “Margin” in clause 1.1 of the Common Terms Agreement and replacing it with the following new definition: “Margin” means three point three six per cent (3.36%) per annum.” (l) Deleting the definition of “Purchase Obligation Price” in clause 1.1 of the Common Terms Agreement and replacing it with the following new definition: “Purchase Obligation Price” means an amount equal to the Balloon.”
Interpolated Term SOFR means, in relation to a Vessel Loan or part thereof, the rate (rounded to the same number of decimal places as Term SOFR) which results from interpolating on a linear basis between: (a) either: (i) the applicable Term SOFR (as of the Quotation Day) for the longest period (for which Term SOFR is available) which is less than the Interest Period of that Vessel Loan; or (ii) if no such Term SOFR is available for a period which is less than the Interest Period of that Vessel Loan, SOFR for the day which is two (2) US Government Securities Business Days before the Quotation Day; and (b) the applicable Term SOFR (as of the Quotation Day) for the shortest period (for which Term SOFR is available) which exceeds the Interest Period of the Loan. 1.60. "ISM Code" means the International Management Code for the Safe Management of Ships and for Pollution Prevention, as adopted by the Assembly of the International Maritime Organisation on 4 November 1993 by resolution A.741 (18) and incorporated on 19 May 1994 as Chapter X of the Safety of Life at Sea Convention 1974. 1.61. "ISPS Code" means the International Ship and Port Security Code as adopted by the Conference of Contracting Governments to the Safety of Life at Sea Convention 1974 on 13 December 2002 and incorporated as Chapter XI-2 of the Safety of Life at Sea Convention 1974. 1.62. "ISSC" means a valid international ship security certificate for a Vessel issued under the ISPS Code. 1.63. "law" means any law, statute, treaty, convention, regulation, instrument or other subordinate legislation or other legislative or quasi-legislative rule or measure, or any order or decree of any government, judicial or public or other body or authority. 1.64. "Loan" means the aggregate of the Vessel Loans advanced or to be advanced by the