Benchmark Debt definition

Benchmark Debt means the Borrower's senior secured long-term debt or, in the event that the Borrower has no senior secured long-term debt rated by S&P (or by a generally recognized successor to S&P) or by Moody's (or by a generally recognized successor to Moody's), the Borrower's senior unsecured long-term debt.
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Benchmark Debt means the Borrower's senior unsecured long-term debt without credit enhancement. If the Borrower has no such debt outstanding but Moody's has issued an "Issuer Rating" for the Borrower and S&P has issued a "Corporate Credit
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Benchmark Debt means the Borrower's senior unsecured long-term debt without credit enhancement. If the Borrower has no such debt outstanding but Moody's has issued an "Issuer Rating" for the Borrower and S&P has iss▇▇▇ ▇ "Corporate Credit
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Related to Benchmark Debt

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • SOFR Benchmark means SOFR, provided that if a SOFR Benchmark Transition Event and its related SOFR Benchmark Replacement Date have occurred with respect to SOFR or such other then-current SOFR Benchmark, then "SOFR Benchmark" means the applicable SOFR Benchmark Replacement;

  • Benchmark Event means, with respect to an Original Reference Rate:

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.