Benchmark Amendment Certificate Sample Clauses
A Benchmark Amendment Certificate is a formal document used to record and authorize changes to a previously established benchmark or reference point within a contract or agreement. This certificate typically outlines the specific amendments being made, such as updates to interest rate benchmarks or performance metrics, and is signed by the relevant parties to confirm mutual consent. Its core practical function is to ensure that any modifications to key benchmarks are clearly documented and agreed upon, thereby maintaining transparency and reducing the risk of disputes over contractual terms.
Benchmark Amendment Certificate. No later than notifying the Trustee, pursuant to Condition 5 (Interest), the Issuer shall deliver to the Trustee and the Agents a certificate (on which the Trustee shall be entitled to rely on without further enquiry or liability) signed by two Authorised Signatories of the Issuer certifying (i) that each change which the Issuer requests the Trustee to make pursuant to Condition 5.2(m) (Benchmark Discontinuation (Independent Adviser)) is a Benchmark Amendment (as defined in the Conditions) and that the effect of the drafting of such change is solely to implement a Benchmark Amendment (as defined in the Conditions) and/or (ii) that each change which the Issuer requires the Trustee to make pursuant to Condition 5.2(f)(Interest – Floating Rate Notes referencing SOFR) is a Benchmark Replacement Conforming Change (as defined in the Conditions) and that the effect of the drafting of such change is solely to implement a Benchmark Replacement Conforming Change (as defined in the Conditions).