Replacement Reference Rate definition

Replacement Reference Rate means a reference rate which is:

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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 a benchmark rate which is:

Examples of Replacement Reference Rate in a sentence

• If the Independent Adviser is unable to or otherwise does not determine a Replacement Reference Rate or any of the other matters referred to above, then the Replacement Reference Rate will be the same rate as the rate applied in the previous period when the relevant Reference Rate was available (and thus becomes a fixed rate until a new Replacement Reference Rate is determined).

• If the Rate Determination Agent is unable to or otherwise does not determine a Replacement Reference Rate or any of the other matters referred to above, then the Replacement Reference Rate will be the same rate as the rate applied in the previous period when the relevant Reference Rate was available (and thus become a fixed rate until a new Replacement Reference Rate is determined).

• The Trustee, Paying Agent and Calculation Agent shall not be required to participate in the determination or selection of the Replacement Reference Rate, any Adjustment Spread or Benchmark Adjustments and shall not be required to investigate or verify the adequacy, accuracy or sufficiency of such, nor shall the Trustee, Paying Agent and the Calculation Agent be responsible for determining what is customary or prevailing in the market at such time.

• None of the Trustee, the Paying Agent or the Calculation Agent shall be responsible or liable for any action or inaction from the Issuer or (if applicable) the Rate Determination Agent or its (or their) determination of the Replacement Reference Rate, any Benchmark Adjustments or other related changes.

• The sum of the Replacement Reference Rate and the Adjustment Spread shall in no event be less than 0.0%.

More Definitions of Replacement Reference Rate

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:

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 a reference rate which is: (i) formally designated, nominated or recommended as the replacement for an RFR by: (A) the administrator of that RFR (provided that the market or the economic reality that such reference rate measures is the same as that measured by that RFR); or (B) any Relevant Nominating Body, and if replacements have, at the relevant time, been formally designated, nominated or recommended under both paragraphs (A) and (B) above, the "Replacement Reference Rate" will be the replacement under paragraph (B) above; (ii) in the opinion of the Majority Lenders and the Parent, generally accepted in the international or any relevant domestic syndicated loan markets as the appropriate successor to an RFR; or (iii) in the opinion of the Majority Lenders and the Parent, an appropriate successor to an RFR. "RFR Replacement Event" means, in relation to an RFR:

Replacement Reference Rate means a reference rate which is: (a) formally designated, nominated or recommended as the replacement for a Published Rate by: (i) the administrator of that Published Rate (provided that the market or economic reality that such reference rate measures is the same as that measured by that Published Rate); or (ii) any Relevant Nominating Body, and if replacements have, at the relevant time, been formally designated, nominated or recommended under both paragraphs, the “Replacement Reference Rate” will be the replacement under paragraph (ii) above; (b) in the opinion of the Majority Banks and the Borrowers, generally accepted in the international or any relevant domestic syndicated loan markets as the appropriate successor to a Published Rate; or (c) in the opinion of the Majority Banks and the Borrowers, an appropriate successor to a Published Rate.

Replacement Reference Rate means a reference rate which is: 173 ‌ EUROPE/73091764v9

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: