Screen Rate Replacement Event definition
Screen Rate Replacement Event means, in relation to a Screen Rate:
Screen Rate Replacement Event means, in relation to a Screen Rate:
(A) the methodology, formula or other means of determining that Screen Rate has, in the opinion of the Majority Lenders and the Company, materially changed;
(I)
Screen Rate Replacement Event means in relation to a Screen Rate:
Examples of Screen Rate Replacement Event in a sentence
The Interest Rate applicable to the requested Drawdown will be provided to us in writing and we accept this Interest Rate [(subject to the paragraph below, if applicable)], including when the Interest Rate is determined by reference to a Replacement Benchmark plus any Adjustment Margin as notified by the Lender following the occurrence of a Screen Rate Replacement Event.
More Definitions of Screen Rate Replacement Event
Screen Rate Replacement Event means (i) in the reasonable opinion of the Bank, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that (a) it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator) or (b) such Screen Rate may no longer be used or shall be indefinitely or permanently discontinued.
Screen Rate Replacement Event means any of the following events or series of events:
Screen Rate Replacement Event means in relation to EURIBOR (or, as the case may be, following the prior replacement of EURIBOR with an Alternative Rate, the Alternative Rate):
Screen Rate Replacement Event means (i) in the reasonable opinion of the Purchaser, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that (a) it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator) or (b) such Screen Rate may no longer be used or shall be indefinitely or permanently discontinued. Shortfall means, with respect to the Ledger between the Purchaser and the relevant Originator and Servicer, the shortfall of the Available Amount calculated with respect to the other Originator and Servicer, to fully satisfy the payments or internal allocations due under Clause 8(a)(i) through 8(a)(ix)(included) or Clause 8(b)(i) through 8(b)(x)(included). Signing Date means the execution date of this Agreement.
Screen Rate Replacement Event means (i) in the reasonable opinion of the Bank, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator), that the Screen Rate may no longer be used or shall be indefinitely or permanently discontinued or (iii) the supervisor or administrator of such Screen Rate publicly announces that Screen Rate is no longer or, as of a specified future date will no longer