Replacement Reference Rate definition

Replacement Reference Rate means a reference rate which is:

Replacement Reference Rate means the reference rate which it is agreed in accordance with the above provisions will replace the Screen Rate for the purpose of this Agreement.

Replacement Reference Rate means, in respect of a Reference Rate, an index, benchmark or other price source that the Calculation Agent determines to be a commercially reasonable alternative for such Reference Rate, provided that the Replacement Reference Rate must be:

Examples of Replacement Reference Rate in a sentence

• For the avoidance of doubt, following the occurrence of a Reference Rate Event, the Replacement Reference Rate shall be determined without having regard to any applicable fallback provisions contemplated within the original Reference Rate.

• If a spread or methodology for calculating a spread has been formally recommended by any Relevant Nominating Body in relation to the replacement of the Reference Rate with the relevant Replacement Reference Rate, then the Adjustment Spread shall be determined on the basis of such recommendation (adjusted as necessary to reflect the fact that the spread or methodology is used in the context of the Notes).

• Any Replacement Reference Rate, Adjustment Spread and Replacement Reference Rate Amendments will be binding on the Issuer, the Transaction Parties and the Noteholders.

• Any such adjustment may take account of, without limitation, any anticipated transfer of economic value as a result of any difference in the term structure or tenor of the Replacement Reference Rate by comparison to the Reference Rate.

• The Trustee and the Issuing and Paying Agent may rely, without further enquiry and with no liability for so doing, on a Replacement Reference Rate Amendments Certificate.

More Definitions of Replacement Reference Rate

Replacement Reference Rate means a benchmark rate which is:

Replacement Reference Rate means, in respect of a Reference Rate:

Replacement Reference Rate means, in case of a Benchmark Event, the substitute or successor rate to determine the relevant Reference Rate on the relevant Interest Determination Date falling on or after such determination, as determined by the Rate Determination Agent in accordance with Condition 4(b)(iv).

Replacement Reference Rate means, in respect of a Reference Rate, an index, benchmark or other price source or rate that the Calculation Agent or Determination Agent (as applicable) determines to be a commercially reasonable alternative for such Reference Rate, PROVIDED THAT the Replacement Reference Rate must be any one of the following:

Replacement Reference Rate means, in respect of a Reference Rate, an index, benchmark or other price source that the Calculation Agent determines to be a commercially suitable alternative for such Reference Rate, provided that the Replacement Reference Rate must be the Industry Standard index, benchmark or other price source for such purpose.

Replacement Reference Rate means, in respect of a Reference Rate [If FX Hedged ETC Securities, text will apply or be inserted – and subject always to the consent of the Series Counterparty as provided in Condition 9(b)]:

Replacement Reference Rate means, in respect of a Reference Rate, an Alternative Post-nominated Reference Rate which the Issuer determines is an Industry Standard Rate, where applicable for the corresponding tenor to the then-current Reference Rate, or (ii) if the Issuer determines that there is no Alternative Post-nominated Reference Rate or that no Alternative Post-nominated Reference Rate is an Industry Standard Rate, any other interest rate, index, benchmark or other price source selected by the Issuer which the Issuer determines is an Industry Standard Rate (an "Alternative Industry Standard Reference Rate").