Common use of Benchmark Transition Provisions Clause in Contracts

Benchmark Transition Provisions. If the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s designee (in consultation with the Company) determines that a Benchmark Transition Event and related Benchmark Replacement Date have occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Floating Rate Notes in respect of such determination on such date and all determinations on all subsequent dates; provided that, if the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s designee (in consultation with the Company) is unable to or does not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Floating Rate Notes Interest Determination Date, the interest rate for the related Floating Rate Interest Period will be equal to the interest rate in effect for the immediately preceding Floating Rate Interest Period or, in the case of the Floating Rate Notes Interest Determination Date prior to the first Floating Rate Notes Interest Payment Date, the initial rate of interest which would have been applicable to the Floating Rate Notes for the first Floating Rate Interest Period had the Floating Rate Notes been outstanding for a period equal in duration to the scheduled first Floating Rate Interest Period but ending on (and excluding) the Issue Date (and applying the Floating Rate Notes Margin). Benchmark Replacement

Benchmark Transition Provisions. If (i) In the event that the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s its designee (in consultation with the Company) determines that a Benchmark Transition Event and related Benchmark Replacement Date have occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will shall replace the then-current Benchmark for all purposes relating to the Notes during the Floating Rate Notes Period in respect of such determination on such date and all determinations on all subsequent dates; provided that, if the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s its designee (in consultation with the Company) is unable to or does not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Floating Rate Notes Interest Determination Date, the interest rate for the related Floating Rate Interest Period will shall be equal to the interest rate in effect for the immediately preceding Floating Rate Interest Period or, in the case of the Floating Rate Notes Interest Determination Date prior to the first Floating Rate Notes Period Interest Payment Date, the initial rate Initial Interest Rate. In accordance with and subject to this Section 2.05(f), after a Benchmark Transition Event and related Benchmark Replacement Date have occurred, the amount of interest which would have been applicable to that will be payable for each interest period on the Notes during the Floating Rate Notes for the first Floating Rate Interest Period had the Floating Rate Notes been outstanding for will be determined by reference to a period rate per annum equal in duration to the scheduled first Floating Rate Interest Period but ending on (and excluding) Benchmark Replacement plus the Issue Date (and applying the Floating Rate Notes Margin). Benchmark ReplacementSpread.

Benchmark Transition Provisions. If (i) In the event that the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s its designee (in consultation with the Company) determines that a Benchmark Transition Event and related Benchmark Replacement Date have occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will shall replace the then-current Benchmark for all purposes relating to the Notes during the Floating Rate Notes Period in respect of such determination on such date and all determinations on all subsequent dates; provided that, if the Company (in consultation, to the extent practicable, with the Calculation Agent) or the Company’s its designee (in consultation with the Company) is unable to or does not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Floating Rate Notes Interest Determination Date, the interest rate for the related Floating Rate Interest Period will shall be equal to the interest rate in effect for the immediately preceding Floating Rate Interest Period or, in the case of the Floating Rate Notes Interest Determination Date prior to the first Floating Rate Notes Period Interest Payment Date, the initial rate Initial Interest Rate. In accordance with and subject to this Section 2.05(f), after a Benchmark Transition Event and related Benchmark Replacement Date have occurred, the amount of interest which would have been applicable to that will be payable for each interest period on the Notes during the Floating Rate Notes for the first Floating Rate Interest Period had the Floating Rate Notes been outstanding for will be determined by reference to a period rate per annum equal in duration to the scheduled first Floating Rate Interest Period but ending on (and excluding) Benchmark Replacement plus the Issue Date (and applying the Floating Rate Notes Margin). Benchmark Replacement.