USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years (the “Original Rate 2” or an “Original Rate”), expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page) (the "Relevant Screen Page2") as of 11:00 a.m., New York City time (the "Relevant Time2") (the "Determination Date2").If the Calculation Agent determines that the rate forU.S. Dollar swaps with a maturity of 2 years does not appear on the Relevant Screen Page2 at the Relevant Time2 on the Determination Date2, the USD 2 Year CMS Rate in respect of such calendar day will be apercentage determined on the basis of the mid- market, semi-annual swap rate quotations provided by the Reference Banks at approximately the Relevant Time2 on the Determination Date2, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating USD interest rate swap transaction with a 2-year term commencing on that Determination Date2 and in a Representative Amount 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 USD- LIBOR-BBA with a designated maturity of 3 months. The Calculation Agent will request the principal New York City office of each of the Reference Banks to provide quotations of its rate. If at least three quotations are provided, the rate for the relevant calendar day will be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) provided that, if less than three quotations are provided, the USD 2 Year CMS Rate for such calendar day shall be such rate as is determined by the Calculation Agent in good faith and in a commercially reasonable manner, provided that:
More Definitions of USD 2 Year CMS Rate
USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX1 Page (or any successor or replacement page to such page) (the "
USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate for U.S. Dollar swaps with a maturity of 2 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX1 Page (or any successor or replacement page to such page) (the "Relevant Screen Page2") as of 11:00 a.m., New York City time (the "Relevant Time2") (the "Determination Date2").
USD 2 Year CMS Rate means, in respect of any Interest Period, the USD Swap Rate with a Designated Maturity of two years for such Interest Period
USD 2 Year CMS Rate means, in respect of any relevant Interest Period, the USD Swap Rate in respect of the first day of such Interest Period, with a Designated Maturity of two years.
USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years (the
USD 2 Year CMS Rate means the USD Swap Rate (Daily Fixing) with a Designated Maturity of 2 years.