Fallback Rate (SOFR) definition

Fallback Rate (SOFR) means the term adjusted SOFR plus the spread relating to U.S. Dollar LIBOR, in each case, for a period of the Designated Maturity provided by Bloomberg Index Services Limited (or a successor provider as approved and/or appointed by ISDA from time to time), as the provider of term adjusted SOFR and the spread, on the Fallback Rate (SOFR) Screen (or by other means) or provided to, and published by, authorized distributors.
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Fallback Rate (SOFR) means, for any Reset Date, SOFR for the day that is five (5) SOFR Business Days prior to (i) if such Reset Date is a SOFR Business Day, such Reset Date or (ii) if such Reset Date is not a SOFR Business Day, the SOFR Business Day immediately preceding such Reset Date.
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Related to Fallback Rate (SOFR)

  • Fallback Rate means, where a Permanent Discontinuation Trigger for an Applicable Benchmark Rate has occurred, the rate that applies to replace that Applicable Benchmark Rate in accordance with this Condition 8.5;

  • ISDA Fallback Rate means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

  • Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Interest Rate is to be determined and the Reference Rate is specified in the relevant Final Terms as being “Compounded Daily ▇▇▇▇▇”, the Interest Rate for a ▇▇▇▇▇ Interest Accrual Period (as defined below) will, subject as provided below, be the Compounded Daily ▇▇▇▇▇ Formula Rate with respect to such ▇▇▇▇▇ Interest Accrual Period plus or minus (as indicated in the relevant Final Terms) the Margin (if any). In these Conditions: