Replacement Index definition
Replacement Index has the meaning as specified in § 24.2 (Market Disruption);
Replacement Index shall have the meaning specified in Section 4.6(a) [Successor LIBOR Rate Index].
Replacement Index means a reasonable alternative index selected by Lender comparable in function and effect to the LIBOR Rate that is generally then prevailing for comparable loans made by similar commercial lenders.
Examples of Replacement Index in a sentence
Any designation of a Replacement Index and/or adjustment to the Margin will become effective without any action or consent of the Borrower.
Furthermore, if an Index Replacement Event has occurred with respect to SOFR or any then-current Index, then the Bank shall, in its sole discretion, select a substitute source and/or date for determining the Replacement Index, to be effective at such time as designated by the Bank.
More Definitions of Replacement Index
Replacement Index means, as of the relevant Index Transition Date and thereafter until a subsequent Index Transition Date or the Maturity Date, the first alternative Index set forth in the order below that the Buyer determines is available, appropriate for the transaction and consistent with Market Practice:
Replacement Index means the maternal index produced by the ICBF and as subject to any future amendment.
Replacement Index means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent on the applicable Replacement Index Date:
Replacement Index has the meaning set forth in Section 2(f).
Replacement Index means, in relation to any Interest Period, the rate (expressed as a percentage) that is calculated as:
Replacement Index shall have the meaning assigned to such term in Section 4.3(c)(i).
Replacement Index means, for any Available Tenor, as of the relevant Index Transition Date and thereafter until a subsequent Index Transition Date or the Repurchase Date, the first alternative Index set forth in the order below that Buyer determines is available and appropriate for the transaction and consistent with Market Practice: