Replacement Index definition

Replacement Index shall have the meaning specified in Section 4.6(a) [Successor LIBOR Rate Index].

Replacement Index means, as of the relevant Index Transition Date and thereafter until a subsequent Index Transition Date or the Maturity Date, the first alternative Index set forth in the order below that the Buyer determines is available, appropriate for the transaction and consistent with Market Practice:

Replacement Index means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent on the applicable Replacement Index Date:

Examples of Replacement Index in a sentence

• SAP will inform Partner of a change to a Replacement Index in writing.

• If a replacement index has been selected or recommended for use in consumer products, including residential adjustable-rate mortgages, by the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, or a committee endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York at the time of a Replacement Event, the Note Holder will select that index as the Replacement Index.

• Replacement Index has the meaning given to it in Condition 13(c)(ii)(A) (Consequences of an Administrator/Benchmark Event).

• After a Replacement Event, all references to the “Index” and “Margin” will be deemed to be references to the “Replacement Index” and “Replacement Margin.” The Note Holder will also give me notice of my Replacement Index and Replacement Margin, if any, and such other information required by applicable law and regulation.

• If a replacement index has not been selected or recommended for use in consumer products under Section (G)(1) at the time of a Replacement Event, the Note Holder will make a reasonable, good faith effort to select a Replacement Index and a Replacement Margin that, when added together, the Note Holder reasonably expects will minimize any change in the cost of the loan, taking into account the historical performance of the Index and the Replacement Index.

More Definitions of Replacement Index

Replacement Index means the maternal index produced by the ICBF and as subject to any future amendment.

Replacement Index has the meaning as specified in § 24.2 (Market Disruption);

Replacement Index means a reasonable alternative index selected by Lender comparable in function and effect to the LIBOR Rate that is generally then prevailing for comparable loans made by similar commercial lenders.

Replacement Index means, in relation to any Interest Period, the rate (expressed as a percentage) that is calculated as:(Index Level / Base Index) -1Annex CSubscription and Settlement Process

Replacement Index shall have the meaning assigned to such term in Section 4.3(c)(i).

Replacement Index has the meaning set forth in Section 2(f).

Replacement Index means the sum of: (x) the alternate index rate (which may be based on the Secured Overnight Financing Rate) that has been selected by Bank and (y) the adjustment factor (which may be a positive or negative value or zero) that has been selected by Bank; provided, that if the Replacement Index is less than one half of one percent (1/2%), it shall be deemed to be one half of one percent (1/2%) for purposes of this Note. In making such selections, Bank shall give due consideration to (i) any selection or recommendation by the Federal Reserve Board and/or the Federal Reserve Bank of New York (or a committee officially endorsed or