Overnight Reference Rate definition
Overnight Reference Rate means in relation to any Reference Rate Business Day:
Overnight Reference Rate means, "SOFR" in relation to any USGS Business Day, a reference rate equal to the daily Secured Overnight Financing Rate as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) published at or around 3:00 p.m. (New York City time) on the New York Federal Reserve's Website on the next succeeding USGS Business Day for trades made on such USGS Business Day;
Overnight Reference Rate means the reference rate set by the Authority in relation to a Standing Facility;