Published USD LIBOR ISR Fallback Rate definition
Published USD LIBOR ISR Fallback Rate means, in respect of an applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the USD SOFR Spread-Adjusted ICE Swap Rate® for a tenor of two years (in the case of the 2y USD LIBOR ISR Fallback Rate), 10 years (in the case of the 10y USD LIBOR ISR Fallback Rate) or 30 years (in the case of the 30y USD LIBOR ISR Fallback Rate), expressed as a percentage, as provided by IBA (or any successor administrator) on a basis that is permissible for use in financial contracts or instruments (and not in the form of ‘Beta’ settings), as such rate appears for “USISOA02 Index” or any successor index or symbol (in the case of the 2y USD LIBOR ISR Fallback Rate), “USISOA10 Index” or any successor index or symbol (in the case of the 10y USD LIBOR ISR Fallback Rate) and “USISOA30 Index” or any successor index or symbol (in the case of the 30y USD LIBOR ISR Fallback Rate) on the Designated Published USD LIBOR ISR Fallback Rate Page at or around 12:15 p.m., New York City time, on such day (or, if such rate is not regularly published by its administrator or authorised distributors by such time, the time by which such rate is regularly published by the administrator or authorised distributors and will not be subject to republication in accordance with IBA’s ICE Swap Rate Republication Policy (or, if different, the applicable administrator’s applicable policy regarding republication of such rate)), as determined by the Calculation Agent.
Published USD LIBOR ISR Fallback Rate means, in respect of an applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the USD SOFR Spread-Adjusted ICE Swap Rate® for a tenor of 10 years, expressed as a percentage, as provided by IBA (or any successor administrator) on a basis that is permissible for use in financial contracts or instruments (and not in the form of ‘Beta’ settings), as such rate appears for “USISOA10 Index” or any successor index or symbol on the Designated Published USD LIBOR ISR Fallback Rate Page at or around 12:15 p.m., New York City time, on such day (or, if such rate is not regularly published by its administrator or authorised distributors by such time, the time by which such rate is regularly published by the administrator or authorised distributors and will not be subject to republication in accordance with IBA’s ICE Swap Rate Republication Policy (or, if different, the applicable administrator’s applicable policy regarding republication of such rate)), as determined by the Calculation Agent.
Published USD LIBOR ISR Fallback Rate means, in respect of an applicable Interest
More Definitions of Published USD LIBOR ISR Fallback Rate
Published USD LIBOR ISR Fallback Rate means, in respect of an applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the USD SOFR Spread-Adjusted ICE Swap Rate® for a tenor of two years (in the case of the 2y USD LIBOR ISR Fallback Rate), 10