Replacement Rate definition

Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

Replacement Rate means a publicly available substitute, successor, alternative or other rate designed to be referenced by financial instruments or contracts, including the Notes, to determine an amount payable under such financial instruments or contracts, including, but not limited to, an amount of interest. In determining the Replacement Rate, the Relevant Guidance (as defined below) shall be taken into account.

Replacement Rate is defined in Section 3.07(b).

Examples of Replacement Rate in a sentence

• Furthermore, the relevant Issuer has a right for termination in the case of Floating Rate Notes if a Replacement Rate, an Adjustment Spread, if any, or the Replacement Rate Adjustments cannot be determined following a Rate Replacement Event as set out in the Terms and Conditions.

• No consent of the Holders shall be required in connection with effecting any relevant Replacement Rate or any other related adjustments and/or amendments described above.Any such consequences could have a material adverse effect on the value of and return on any such Notes.

• Applying the initial rate of interest, or the rate of interest applicable as at the last preceding interest determination date before the occurrence of the Rate Replacement Event could result in Notes linked to or referencing the relevant Benchmark performing differently (which may include payment of a lower rate of interest) than they would do if the relevant Benchmark were to continue to apply, or if a Replacement Rate could be determined.

• If a Replacement Rate, an Adjustment Spread, if any, or the Rate Replacement Adjustments cannot be determined, the rate of interest for the relevant interest period will be the rate of interest applicable as at the last preceding interest determination date before the occurrence of the Rate Replacement Event, or, where the Rate Replacement Event occurs before the first interest determination date, the rate of interest will be the initial rate of interest.

• Investors should note that, in the case of a replacement of a Benchmark the Relevant Determining Party will have discretion to adjust the Replacement Rate in the circumstances described above.

More Definitions of Replacement Rate

Replacement Rate has the meaning specified therefor in Section 2.07(g).

Replacement Rate shall have the meaning set forth in Section 2.13(b).

Replacement Rate has the meaning assigned to such term in Section 3.03(b).

Replacement Rate has the meaning assigned thereto in Section 3.04.

Replacement Rate has the meaning assigned to such term in Section 2.14(b).

Replacement Rate has the meaning assigned such term in Section 5.06.

Replacement Rate means, in respect of a Floating Rate, a substitute, alternative, or successor rate (which may be, without limitation, the Floating Rate following a material change in its methodology of calculation), which in its function in the international capital markets constitutes an appropriate replacement for the Floating Rate. In determining a Replacement Rate the Relevant Determining Party shall, preferentially but without limitation, take into account any Relevant Guidance.