Benchmark Transition Date definition
Benchmark Transition Date shall have the meaning provided in Section 1.14(a).
Benchmark Transition Date shall have the meaning assigned to it in the definition of “Applicable Benchmark Rate.”
Benchmark Transition Date means any date designated by Lender for conversion of the then-current Benchmark to a Benchmark Replacement, the selection of which date may be based on, or determined with due consideration for, any of the events described in clauses (1) – (7) of the definition of “Benchmark Transition Event” below (in Lender’s sole discretion), as applicable. “Benchmark Transition Event” shall mean any election by ▇▇▇▇▇▇ to convert the then- existing Benchmark to a Benchmark Replacement, which such election may be based on, or determined with due consideration for, any of the following (in ▇▇▇▇▇▇’s sole discretion): (1) a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark announcing that the administrator has ceased or will cease to provide such Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark; (2) a public statement or publication of information by the regulatory supervisor for the administrator of the then-current Benchmark, the central bank for the currency of the such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, which states that the administrator of such Benchmark has ceased or will cease to provide such Benchmark permanently or indefinitely (so long as, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark); (3) a public statement or publication of information by the regulatory supervisor for the administrator of the then-current Benchmark announcing that such Benchmark is no longer representative; (4) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body;
More Definitions of Benchmark Transition Date
Benchmark Transition Date means the earlier to occur of (a) 30th June 2021 or any earlier date agreed between the Agent (acting on the instructions of the Majority Lenders) and the Borrower and (b) the date of the occurrence of one or more of the following events with respect to LIBOR:
Benchmark Transition Date has the meaning assigned to such term in Section 2.27(a). “Benchmark Transition Event” means, with respect to any then-current Benchmark other than USD LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark, the regulatory supervisor for the administrator of such Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such
Benchmark Transition Date means the earlier to occur of (a) 30th June 2021 or any earlier date agreed between the Bank and the Borrower and (b) the date of the occurrence of one or more of the following events with respect to LIBOR: