Common use of Benchmark Discontinuation Clause in Contracts

Benchmark Discontinuation. If a Benchmark Event occurs in relation to an Original Reference Rate at any time when the Conditions provide for any remaining Rate of Interest (or any component part thereof) to be determined by reference to such Original Reference Rate, then the following provisions apply:

Benchmark Discontinuation. If a Benchmark Event occurs in relation to an Original Reference Rate at when any time when the Conditions provide for any remaining required Rate of Interest (or any component part thereof) remains to be determined on any Determination Date by reference to such Original Reference Rate, then the following provisions of this Condition 4.4 shall apply:.

Benchmark Discontinuation. If a Benchmark Event occurs in relation to an Original Reference Rate at any time when the Terms and Conditions of any Notes provide for any remaining Rate rate of Interest interest (or any component part thereof) to be determined by reference to such Original Reference Rate, and Screen Rate Determination applies, then the following provisions apply:shall apply and shall prevail over the other fallbacks specified in Condition 4.2(b)(ii) (Rate of Interest)