Reference Rate Modifier definition
Reference Rate Modifier. A modifier, other than the Benchmark Replacement Adjustment, recognized or acknowledged by the Loan Syndications and Trading Association or the Alternative Reference Rate Committee convened by the Federal Reserve that is applied to a reference rate to the extent necessary to cause such rate to be comparable to Term SOFR Rate, which may include an addition to or subtraction from such unadjusted rate.
Reference Rate Modifier. A modifier, as determined by the Asset Manager, other than the Benchmark Replacement Adjustment, applied to a reference rate to the extent necessary to cause such rate to be comparable to the three-month Term SOFR, which may include an addition to or subtraction from such unadjusted rate.
Reference Rate Modifier. : means a modifier, other than the Benchmark Replacement Adjustment, applied to a reference rate to the extent necessary to cause such rate to be comparable to the three-month LIBOR, which may include an addition to or subtraction from such unadjusted rate.
More Definitions of Reference Rate Modifier
Reference Rate Modifier means a modifier applied to a reference rate in order to cause such rate to be comparable to LIBOR, which may include an addition to or subtraction from such unadjusted rate."
Reference Rate Modifier means any modifier recognized or acknowledged by the Loan Syndication and Trading Association or the Alternative Reference Rate Committee convened by the Federal Reserve that is applied to a reference rate in order to cause such rate to be comparable to three-month Libor, the application of which may result in an increase or reduction to (or no change to) such unadjusted rate. For the avoidance of doubt, to the extent the Reference Rate Modifier does not exist, it will be zero or have no effect, as the case may be, for purposes of this definition.
Reference Rate Modifier. Any modifier recognized or acknowledged by the LSTA or ARRC, as applicable, that is selected by the Collateral Manager and applied to the Designated Alternative Rate in order to cause such rate to be comparable to 3 month LIBOR, which may consist of an addition to or subtraction from such unadjusted rate. For the avoidance of doubt, any Reference Rate Modifier recognized or acknowledged by the LSTA will only be applicable to the extent the Alternative Rate is the rate recommended by the LSTA, and any Reference Rate Modifier recognized or acknowledged by the ARRC will only be applicable to the extent the Alternative Rate is the rate recommended by the ARRC. Floor Obligation”: As of any date, a Floating Rate Obligation (a) for which the related Underlying Instruments allow a rate option with respect to London interbank offered rate or other applicable reference rate, (b) that
Reference Rate Modifier means a modifier applied to a Designated Reference Rate in order to cause such rate to be comparable to three-month LIBOR and which modifier may include an addition or subtraction to such unadjusted rate.
Reference Rate Modifier means a modifier, other than the Benchmark Replacement Adjustment, recognized or acknowledged by the Loan Syndication and Trading Association or the Alternative Reference Rates Committee convened by the Federal Reserve that is applied to a reference rate to the extent necessary to cause such rate to be comparable to the three-month LIBORthen-current Benchmark, which may include an addition to or subtraction from such unadjusted rate.
Reference Rate Modifier means any modifier recognised or acknowledged by the LMA, AFME or the LSTA, as applicable, that is applied to a reference rate in order to cause such rate to be comparable to 3-month EURIBOR or, following the occurrence of a Frequency Switch Event, 6-month EURIBOR, which may consist of an addition to or subtraction from such unadjusted rate.
Reference Rate Modifier. Any modifier recognized or acknowledged by the LSTA or ARRC, as applicable, that is selected by the Collateral Manager and applied to the Designated Alternative Rate in order to cause such rate to be comparable to 3 month LIBOR, which may consist of an addition to or subtraction from such unadjusted rate. For the avoidance of doubt, any Reference Rate Modifier recognized or acknowledged by the LSTA will only be applicable to the extent the Alternative Rate is the rate recommended by the LSTA, and any Reference Rate Modifier recognized or acknowledged by the ARRC will only be applicable to the extent the Alternative Rate is the rate recommended by the ARRC.