Benchmark Amendments definition

Benchmark Amendments has the meaning given to it in Condition 3.5(d). “Benchmark Event” means:

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Benchmark Amendments means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Distribution Accrual Period", timing and frequency of determining the Relevant Reset Distribution Rate and making payments of Distribution, changes to the definition of "Corresponding Tenor" solely when such tenor is longer than the Distribution 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 4A(c)(i)) (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 4A(c)(i)) (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 4A(c)(i)) (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 4A(c)(i)) (as the case may be) determines is reasonably necessary);

Benchmark Amendments has the meaning given to it in Condition 4(b)(iii)(D);

Examples of Benchmark Amendments in a sentence

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

• The Issuer shall notify the Trustee, the Calculation Agent, the Paying Agents and, in accordance with this sub-section “-Notices, etc.”, the Holders, promptly of any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, determined under this section.

• Such notice shall be irrevocable and shall specify the effective date of the Benchmark Amendments, if any and will be binding on the Issuer, the Paying Agents and the Noteholders.

• Without prejudice to the Issuer’s obligations under the provisions of this Condition 4.2(b)(iv), the Original Reference Rate and the fallback provisions provided for in Condition 4.2(b) will continue to apply unless and until the party responsible for determining the Rate of Interest has been notified of the Successor Rate or the Alternative Rate (as the case may be), and of any Adjustment Spread and/or Benchmark Amendments.

• The Successor Rate or Alternative Rate and the Adjustment Spread (if any) and the Benchmark Amendments (if any) specified in such certificate will (in the absence of manifest error or bad faith in the determination of the Successor Rate or Alternative Rate and the Adjustment Spread (if any) and the Benchmark Amendments (if any) and without prejudice to the Trustee's ability to rely on such certificate as aforesaid) be binding on the Issuer, the Trustee, the Paying Agents and the Noteholders.

More Definitions of Benchmark Amendments

Benchmark Amendments has the meaning given to it in Condition 5A(d). “Benchmark Event” means:

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 4(d)(iv) (Interest Payments - Benchmark Replacement);

Benchmark Amendments has the meaning given to it in Condition 3(c)(iv).

Benchmark Amendments has the meaning given to it in Condition 7(e) (iii)(dd);

Benchmark Amendments has the meaning given to it in Clause 10.14 above.

Benchmark Amendments has the meaning given to it in Condition 5A(d).