OBFR Index Cessation Event definition

OBFR Index Cessation Event means the occurrence of one or more of the following events:
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OBFR Index Cessation Event means the occurrence of one or more of the following events: (a) a public statement by the Federal Reserve Bank of New York (or a successor administrator of the OBFR) announcing that it has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to provide OBFR; or (b) the publication of information which reasonably confirms that the Federal Reserve Bank of New York (or a successor administrator of OBFR) has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to publish or provide OBFR; or (c) a public statement by a U.S. regulator or other U.S. official sector entity prohibiting the use of OBFR that applies to, but need not be limited to, all swap transactions, including existing swap transactions.
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OBFR Index Cessation Event means the occurrence of one or more of the fol- lowing events:
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Examples of OBFR Index Cessation Event in a sentence

  • Notices, etc.The specific terms of any SOFR Index Cessation Event or OBFR Index Cessation Event and any changes to the reference rates determined under this Condition 5(b) will be notified promptly by the Issuer to the Fiscal Agent, the Calculation Agent, the Paying Agents and, in accordance with Condition 15 ( Notices), the Noteholders.

  • We are not persuaded, by a preponderance of the evidence, that claims 1-7 and 9-12 are anticipated by Ginter under 35 U.S.C. § 102(e), or that claim 8 is unpatentable over Ginter and Beetcher under 35 U.S.C. § 103(a).

  • An “OBFR Index Cessation Date” is, in respect of an OBFR Index Cessation Event, the earlier of the last date on which the NY Federal Reserve (or any successor administrator of the OBFR), published the OBFR and the date after which the OBFR may no longer be used.


More Definitions of OBFR Index Cessation Event

OBFR Index Cessation Event means theoccurrence of one or more of the following events:
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OBFR Index Cessation Event means the occurrence of one or more of the fol- lowing events:
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OBFR Index Cessation Event means theoccurrence of one or more of the following events:
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Related to OBFR Index Cessation Event

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Index Call Event means each of the following events:

  • Disruption Event means either or both of:

  • Suspension Event As defined in Section 5(b) hereof.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark: