Reset Reference Banks definition

Reset Reference Banks means the principal office in the principal financial centre of the Specified Currency of five major banks in the swap, money, securities or other market most closely connected with the relevant Mid-Swap Rate as selected by the Calculation Agent in its discretion after consultation with the Issuer;

Reset Reference Banks means five leading swap dealers in the New York City interbank market selected by the Fiscal Agent in its discretion after consultation with the Issuer;

Reset Reference Banks means five brokers of gilts and/or gilt-edged market makers selected by the Issuer;

Examples of Reset Reference Banks in a sentence

• With effect from the first Reset Interest Determination Date, the Issuer will maintain an Agent Bank and the number of Reset Reference Banks provided above where the Prevailing Interest Rate is to be calculated by reference to them.

• The Agent Bank will, as soon as practicable after 11.00 a.m. (London time) on each Reset Determination Date, subject to receipt from the Issuer of the bid and offered price of the Benchmark Gilt as provided by the Reset Reference Banks (if any), determine the Reset Rate of Interest in respect of the relevant Reset Period.

• The Fiscal Agent will request the principal office of each of the Reset Reference Banks to provide a quotation of its rate.

• If no quotations are provided, the Mid-Swap Rate will be the Mid-Swap Rate for the immediately preceding Reset Period or, if none, the Initial Mid-Swap Rate; and Reset Reference Banks means five leading swap dealers in the interbank market for swap transactions in the Specified Currency with an equivalent maturity to the Reset Period as selected by the Bank.

• With effect from the First Reset Date, the Issuer will maintain a Calculation Agent and Reset Reference Banks where the Interest Rate is to be calculated by reference to them.

More Definitions of Reset Reference Banks

Reset Reference Banks means five leading swap dealers in the principal interbank market relating to the Specified Currency selected by the Calculation Agent in its discretion after consultation with the Issuer;

Reset Reference Banks means five major banks in the swap, money, securities or other market most closely connected with the Reference Rate, as selected by the Issuer after consultation with the Calculation Agent.

Reset Reference Banks means the principal office in the principal financial centre of the Specified Currency of five major banks:

Reset Reference Banks means five brokers of gilts and/or gilt-edged market makers selected by us in our discretion.

Reset Reference Banks means the principal office in the principal financial centre of the Specified Currency of five leading dealers in the swap, money, securities or other market most closely connected with the Mid-Market Swap Rate.

Reset Reference Banks means five banks which are primary U.S. Treasury securities dealers or market makers in pricing corporate bond issues denominated in USD (excluding the Fiscal Agent or any of its affiliates), as selected by the Issuer in its discretion after consultation with the Fiscal Agent;

Reset Reference Banks means six leading swap dealers in the interbank market selected by the Agent in its discretion after consultation with the Issuer.