Relevant Rates Benchmark definition

Relevant Rates Benchmark means, in respect of any Notes:
Relevant Rates Benchmark means the Relevant Rate (or, if applicable, the index, benchmark or other price source that is referred to in the Relevant Rate);

Examples of Relevant Rates Benchmark in a sentence

  • If the Issuer or its designee determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Relevant Time in respect of any determination of the Relevant Rates Benchmark on any date, the Benchmark Replacement will replace the then-current Relevant Rates Benchmark for all purposes relating to the Obligations in respect of such determination on such date and all determinations on all subsequent dates.

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  • Benchmark Discontinuance or Prohibition on Use:Administrator/Benchmark Event: applicable for Condition 7(f):[Not Applicable] [Applicable as per the Conditions] [Alternative Pre-nominated Reference Rate: [None] [Specify] (specify in respect of each Relevant Rates Benchmark)] [Early Redemption Amount (Benchmark Trigger Event) – Fair Market Value Less Costs] / [Early Redemption Amount (Benchmark Trigger Event) – Fair Market Value] shall apply] / [Not Applicable]25.

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  • Following the occurrence of any of these events the Issuer, in consultation with the Calc ulation Agent, may replace the Relevant Rates Benchmark with any “Alternative Pre-nominated Reference Rate” which has been specified in the applicable Final Terms or if no Alternative Pre-nominated Reference Rate is specified in the applicable Final Terms, with an alternative rate that is consistent with accepted market practice for debt obligations such as the Notes.

  • If the Issuer determines that such a requirement applies to the administrator or sponsor (or the Relevant Rates Benchmark) but it has not been satisfied then an “Administrator/Benchmark Event” will occur and the Issuer, in consultation with the Calculation Agent, may then apply certain fallbacks.

  • One example, supported by state and non-state agencies for at least a global distribution mechanism of money is the Global Fund to AIDS, Tuberculosis and Malaria http://www.theglobalfund.org/en/churches, NGOs, cooperatives whose potential to report problems, to act or at least to monitor developments increase due to the emergence of new communication techniques based on the Internet.

  • In the case where the Notes reference a Relevant Rates Benchmark, the fallbacks summarised in the risk factor entitled “Future discontinuance of LIBOR may adversely affect the value of Floating Rate Notes which reference LIBOR” above will apply.

  • This Condition 8(e) (Effect of Benchmark Transition Event) applies where the Relevant Rates Benchmark is U.S. dollar LIBOR or SOFR.

  • The cessation of publication of the GBP LIBOR ICE Swap Rate or the USD LIBOR ICE Swap Rate may trigger the applicable fallbacks that are contained Conditions 6.17 (Relevant Rates Benchmark Discontinuance or Prohibition on Use) to 6.20 (General Fallback Arrangements) having the consequences and risks described below.

Related to Relevant Rates Benchmark

  • Relevant Rate means the Benchmark for a Representative Amount of the Specified Currency for a period (if applicable or appropriate to the Benchmark) equal to the Specified Duration commencing on the Effective Date.

  • Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.24(a).

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • relevant week means the reduction week or part-week in which the capital in question of which the applicant has deprived himself within the meaning of paragraph 67(1)—

  • Determination Date With respect to any Distribution Date, the 15th day of the month of such Distribution Date or, if such 15th day is not a Business Day, the immediately preceding Business Day.

  • Benchmarks mean the performance milestones that are set forth in Appendix D.