Rate Determination Agent definition

Rate Determination Agent means (i) an independent third party (acting in good faith and in a commercially reasonable manner) appointed by the Issuer, using commercially best efforts, or (ii) if it is not reasonably practicable to appoint such third party, the Issuer (acting in good faith and in a commercially reasonable manner), to determine the Replacement Reference Rate in accordance with this Condition.

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Rate Determination Agent means (i) an independent third party (acting in good faith and in a commercially reasonable manner) appointed by the Issuer, using commercially best efforts, or

Rate Determination Agent means an agent appointed by the Issuer which may be (i) an Independent Adviser, (ii) a leading bank or a broker-dealer in the principal financial centre of the Specified Currency (which may include one of the Dealers involved in the issue of the Notes) as appointed by the Issuer,

Examples of Rate Determination Agent in a sentence

• If the Rate Determination Agent determines that there is an industry-accepted successor rate, the Rate Determination Agent will use such successor rate to determine the relevant Reference Rate.

• If the Rate Determination Agent is unable to or otherwise does not determine a Replacement Reference Rate or any of the other matters referred to above, then the Replacement Reference Rate will be the same rate as the rate applied in the previous period when the relevant Reference Rate was available (and thus become a fixed rate until a new Replacement Reference Rate is determined).

• None of the Trustee, the Paying Agent or the Calculation Agent shall be responsible or liable for any action or inaction from the Issuer or (if applicable) the Rate Determination Agent or its (or their) determination of the Replacement Reference Rate, any Benchmark Adjustments or other related changes.

• The determination of the Replacement Reference Rate, any Benchmark Adjustments and the other matters referred to above by the Issuer and the Rate Determination Agent (as applicable) will be final and binding on the Issuer, the Trustee, the Paying Agent, the Calculation Agent and the Holders.

• The determination of the Replacement Reference Rate and the other matters referred to above by the Rate Determination Agent will be final and binding on the Issuer, the Security Trustee, the Paying Agent, the Reference Agent and the Noteholders.

More Definitions of Rate Determination Agent

Rate Determination Agent means (A) a major bank or broker-dealer in the Netherlands, the European Union or the United Kingdom as appointed by the Issuer; or (B), if it is not reasonably practicable to appoint a party as referred to under (A), the Issuer, to determine the Replacement Reference Rate in accordance with this Condition.

Rate Determination Agent means (a) an independent financial institution of international standing or an independent financial adviser of recognized standing (that is not an Affiliate of the Company) as appointed by the Company at the expense of the Company or (b) if it is not reasonably practicable to appoint a party as referred to under (a), the Company.

Rate Determination Agent has the meaning ascribed thereto in Clause 8.1 of this Agreement;

Rate Determination Agent means an agent appointed by the Issuer which may be (i) an Independent Adviser,

Rate Determination Agent means an agent appointed by the Issuer which may be

Rate Determination Agent means (i) an independent financial institution of international standing or an independent financial adviser of recognized standing (that is not an affiliate of the Issuer) as appointed by the Issuer at the expense of the Issuer or (ii) if it is not reasonably practicable to appoint a party as referred to under (i), the Issuer.

Rate Determination Agent means Citibank, N.A., London Branch, including any successor or replacement thereto.