Base Rate Modification Certificate definition

Base Rate Modification Certificate has the meaning given to it in Condition 13 (Meetings of Holders of the Covered Bonds, Modification and Waiver);

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Base Rate Modification Certificate means the certificate that the Security Trustee receives from the Issuer, certifying to the Security Trustee what is set out in Condition ‎4.5 (Alternative Base Rate).

Base Rate Modification Certificate means the certificate described in Condition 15;

Examples of Base Rate Modification Certificate in a sentence

In accordance with clause 22.2 of the Trust Deed and Condition 12.4(c) (Meetings of Noteholders, Modification and Waiver) of Schedule 2 to the Trust Deed, the Cash Manager may either (i) determine a Base Rate Modification or (ii) appoint an investment bank or advisory firm appointed as expert to advise on a Base Rate Modification (including in relation to a Base Rate Modification Certificate).
The Cash Manager shall not incur any liability to the Issuer, the Noteholders, the Security Trustee or any other person in acting or relying on such advice and/or providing any Base Rate Modification Certificate to the Security Trustee.
Without prejudice to the obligations of the Issuer under this Condition 13.02(c)(iv), SARON and the temporary fallback provisions provided for in Condition 5.03 will continue to apply unless and until the Bond Trustee has received the SARON Base Rate Modification Certificate in accordance with this Condition 13.02(c)(iv).
Without prejudice to the obligations of the Issuer under this Condition 13.2(c)(iii), SARON and the temporary fallback provisions provided for in Condition 5.03 will continue to apply unless and until the Bond Trustee has received the SARON Base Rate Modification Certificate in accordance with this Condition 13.2(c)(iii).

More Definitions of Base Rate Modification Certificate

Base Rate Modification Certificate means the certificate provided by the Servicer, on behalf of the Issuer, pursuant to Condition 11(E)(7) (Additional Right of Modification) of the Conditions;