Applicable Benchmark Rate definition
Applicable Benchmark Rate means the BBSW Rate and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate, then the rate determined in accordance with Condition 5.3(b)(i)(B);
Applicable Benchmark Rate means the Benchmark Rate specified in the Supplement and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate, then the rate determined in accordance with this Condition 5.3(b)(iii);
Applicable Benchmark Rate means the Benchmark Rate specified in the relevant Pricing Supplement and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate, then the rate determined in accordance with this Condition 8.6;
Examples of Applicable Benchmark Rate in a sentence
Citi will notify the Delek Entities of (A) the removal or reinstatement of any tenor of an Applicable Benchmark Rate pursuant to Section 31.11(d) and (B) the commencement of any Benchmark Unavailability Period.
More Definitions of Applicable Benchmark Rate
Applicable Benchmark Rate means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior Applicable Benchmark Rate pursuant to Section 31.11. Notwithstanding the foregoing, “Applicable Benchmark Rate” shall at no time be less than 0.00% per annum.
Applicable Benchmark Rate means, initially, the Three Month SOFR; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Applicable Benchmark Rate, then “Applicable Benchmark Rate” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior Applicable Benchmark Rate pursuant to Section 31.11. Notwithstanding the foregoing, “Applicable Benchmark Rate” shall at no time be less than 0.00% per annum.
Applicable Benchmark Rate means BBSY, HIBOR, SOR or TIBOR, as the case may be, on the relevant Quotation Day.
Applicable Benchmark Rate means, initially, AONIA; provided that if a Permanent Fallback Effective Date has occurred with respect to AONIA or the then-current Applicable Benchmark Rate, then the Applicable Fallback Rate;
Applicable Benchmark Rate means, (i) at all times prior to April 1, 2023 (the “Benchmark Transition Date”), the LIBOR Rate, and (ii) from and after the Benchmark Transition Date, Adjusted Term SOFR.
Applicable Benchmark Rate means, (i) for all payments made prior to April 13, 2023 (the “Benchmark Transition Date”), LIBOR, and (ii) from and after the Benchmark Transition Date, SOFR.
Applicable Benchmark Rate means, initially, BBSW; provided that if a Permanent Fallback Effective Date has occurred with respect to BBSW or the then-current Applicable Benchmark Rate, then the Applicable Fallback Rate;