Modified EDFR definition

Modified EDFR means a reference rate equal to the EDFR plus the EDFR Spread;
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Modified EDFR means a reference rate equal to the EDFR plus the EDFR Spread; “Observation Look-Back Period” is as specified in the applicable Pricing Supplement; and
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Modified EDFR means a rate equal to the Eurosystem Deposit Facility Rate plus the EDFR Spread;
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Examples of Modified EDFR in a sentence

  • If an ECB Recommended Rate has been recommended and both an ECB Recommended Rate Index Cessation Event and an ECB Recommended Rate Index Cessation Effective Date subsequently occur, then the rate of €STR for each TARGET Business Day in the relevant Observation Period occurring on or after that ECB Recommended Rate Index Cessation Effective Date will be determined as if references to €STR were references to the Modified EDFR.

  • If no ECB Recommended Rate has been recommended before the end of the first TARGET Business Day following the date on which the €STR Index Cessation Event occurs, then the rate of €STR for each TARGET Business Day in the relevant Observation Period on or after the €STR Index Cessation Effective Date will be determined as if references to €STR were references to the Modified EDFR.

  • If no ECB Recommended Rate has been recommended before the end of the first TARGET 2 Business Day following the date on which the €STR Index Cessation Event occurs, then the rate of €STR for each TARGET 2 Business Day in the relevant Observation Period on or after the €STR Index Cessation Effective Date will be determined as if references to €STR were references to the Modified EDFR.

  • If an ECB Recommended Rate has been recommended and both an ECB Recommended Rate Index Cessation Event and an ECB Recommended Rate Index Cessation Effective Date subsequently occur, then the rate of €STR for each TARGET 2 Business Day in the relevant Observation Period occurring on or after that ECB Recommended Rate Index Cessation Effective Date will be determined as if references to €STR were references to the Modified EDFR.

  • If no ECB Recommended Rate has been recommended before the end of the first TARGET 2 Business Day following the date on which the €STR Index Cessation Event occurs, then the rate of EONIA for each TARGET 2 Business Day in the relevant Observation Period on or after the €STR Index Cessation Effective Date will be determined as if references to EONIA were references to the Modified EDFR (EONIA).

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  • If the Applicable Fallback Rate is Modified EDFR, references to the administrator or provider of such rate shall be deemed to be references to the administrator or provider of the index, benchmark or other price source that is referred to in the definition of Modified EDFR.

  • If the Applicable Fallback Rate is the Modified SNB Policy Rate or Modified EDFR, references to the Applicable Fallback Rate in this Section 7.3(m) shall be deemed to be references to the index, benchmark or other price source that is referred to in the definition of Modified SNB Policy Rate or Modified EDFR, as applicable.

  • If the Applicable Fallback Rate is the Modified SNB Policy Rate or Modified EDFR, references to the administrator or provider of such rate in this Section 7.3(l) shall be deemed to be references to the administrator or provider of the index, benchmark or other price source that is referred to in the definition of Modified SNB Policy Rate or Modified EDFR, as applicable.

  • If the Applicable Fallback Rate is Modified EDFR, references to the administrator or provider of such rate in this definition of “Fallback Index Cessation Event” shall be deemed to be references to the administrator or provider of the index, benchmark or other price source that is referred to in the definition of Modified EDFR.


More Definitions of Modified EDFR

Modified EDFR means the sum of (i) the Eurosystem Deposit Facility Rate and (ii) the EDFR Spread.
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Modified EDFR means in respect of any relevant day (including any day “i”), a rate equal to EDFR in respect of that day, plus the EDFR Spread.
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Modified EDFR means a reference rate equal to the EDFR plus the EDFR Spread as determined by the Issuer and notified by the Issuer to the Calculation Agent.
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Related to Modified EDFR

  • Modified Version of the Document means any work containing the Document or a portion of it, either copied verbatim, or with modifications and/or translated into another language.

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • certified extract means an extract that has been certified as a true copy of some of the information contained in a complete original document by one of the persons described below.

  • Serious health condition means an illness, injury, impairment, or physical or mental condition that involves: