Benchmark Amendments definition

Benchmark Amendments has the meaning given to it in Condition 5.2(f)(iv); "Benchmark Event" means:
Benchmark Amendments means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition ofInterest Accrual Period”, timing and frequency of determining rates and making payments of interest, [changes to the definition of “Corresponding Tenor” solely when such tenor is longer than the Interest Accrual Period], any other amendments to these Conditions, the Trust Deed and/or the Agency Agreement, and other administrative matters) that the Independent Adviser or the Issuer (in the circumstances set out in Condition [●](a)) (as the case may be) determines may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Independent Adviser or the Issuer (in the circumstances set out in Condition [●](a)) (as the case may be) determines that adoption of any portion of such market practice is not administratively feasible or if the Independent Adviser or the Issuer (in the circumstances set out in Condition [●](a)) (as the case may be) determines that no market practice for use of such Benchmark Replacement exists, in such other manner as the Independent Adviser or the Issuer (in the circumstances set out in Condition [●](a)) (as the case may be) determines is reasonably necessary);
Benchmark Amendments has the meaning given to it in Condition 4.2(g)(iv); "Benchmark Event" means:

Examples of Benchmark Amendments in a sentence

  • Such notice shall be irrevocable and shall specify the effective date of the Benchmark Amendments (if any).

  • Such notice shall be irrevocable and shall specify the effective date of the Benchmark Amendments, if any.

  • Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, determined under this Condition 4(b)(iii) will be notified promptly by the Issuer to the Agent, the Paying Agents and, in accordance with Condition 13, the Noteholders.

  • Without prejudice to the obligations of the Issuer under Condition 4(b)(iii)(A), 4(b)(iii)(B), 4(b)(iii)(C) and 4(b)(iii)(D) the Original Reference Rate and the fallback provisions provided for in Condition 4(b)(ii) will continue to apply unless and until a Benchmark Event has occurred and the Agent has been notified of the Successor Rate or the Alternative Rate (as the case may be), and any Adjustment Spread and Benchmark Amendments, in accordance with Condition 4(b)(iii)(E).

  • On the occurrence of a Benchmark Event, the relevant Issuer may (subject to certain conditions and following consultation with an Independent Adviser) determine a Successor Rate, failing which an Alternative Rate and, in either case, an Adjustment Spread, if any, and any Benchmark Amendments in accordance with Condition 4(b)(iii).


More Definitions of Benchmark Amendments

Benchmark Amendments has the meaning given to it in Condition 4(b)(iii)(D);
Benchmark Amendments has the meaning given to it in Condition 4(d)(iv) (Interest Payments - Benchmark Replacement);
Benchmark Amendments has the meaning given to it in Condition 4(c)(vi). “Benchmark Event” means:
Benchmark Amendments has the meaning given to it in Condition 6(c)(iv);
Benchmark Amendments has the meaning given to it in Condition 4.2(h)(iv); "Benchmark Event" means, with respect to an Original Reference Rate:
Benchmark Amendments has the meaning given to it in Condition 3(c)(iv).
Benchmark Amendments has the meaning given to it in Clause 10.14 above.