Examples of Screen Rate Replacement Event in a sentence
Jhawar Assignee Aduro Energy, Inc.Filed October 9, 2020; October 15, 2020 Issued n/aExpires n/a Foreign n/a2.
There can be no assurance that the applicable fall-back provisions under the Swap Agreement would operate so as to ensure that the base floating interest rate used to determine payments under the Swap Transaction is the same as that used to determine interest payments under the Rated Notes, or that any such amendment made pursuant to a Screen Rate Replacement Event would allow the Swap Transaction to effectively mitigate interest rate risks on the Rated Notes.
Amount to be confirmed on the Effective Date with EFi In the event that the 4-year Swap Rate does not appear on the Screen Page on the relevant Reset Determination Date (but no Screen Rate Replacement Event has occurred after the previous Reset Determination Date, if any), the 4-year Swap Rate will be the Reference Bank Rate on such Determination Date.
Paragraph (d) of the definition of Screen Rate Replacement Event.
The analysis below assumes that parties included the optional wording making the operation of the clause contingent upon the occurrence of a "Screen Rate Replacement Event".
The Agent (acting on the instructions of the Majority Lenders (Facility A) and the Borrower shall enter into negotiations in good faith with a view to agreeing the use of a Replacement Benchmark in relation to euro in place of that Screen Rate as soon as practicable after the occurrence of such Screen Rate Replacement Event.
Currently the LMA Screen Rate Replacement language contemplates amendments to be made to the facilities agreements to provide the use of a Replacement Benchmark and consequential changes for implementation of market conventions applicable to that Replacement Benchmark upon occurrence of a Screen Rate Replacement Event.
If this optional wording has not been included, then the clause would apply to amendments to documentation irrespective of the occurrence (or not) of a Screen Rate Replacement Event.
There can be no assurance that the applicable fall-back provisions under the Swap Agreement would operate so as to ensure that the base floating interest rate used to determine payments under the Swap Transaction is the same as that used to determine interest payments under the Floating Rate Notes, or that any such amendment made pursuant to a Screen Rate Replacement Event would allow the Swap Transaction to effectively mitigate interest rate risks on the Floating Rate Notes.
Include if the Revised Replacement of Screen Rate in question incorporates the option making its operation contingent on the occurrence of a Screen Rate Replacement Event.