SOFR Index Cessation Effective Date definition

SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;
SOFR Index Cessation Effective Date means, in respect of a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the Secured Overnight Financing Rate), ceases to publish the Secured Overnight Financing Rate, or the date as of which the Secured Overnight Financing Rate may no longer be used.
SOFR Index Cessation Effective Date means, in respect of a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of SOFR), ceases to publish SOFR, or the date as of which SOFR may no longer be used.

Examples of SOFR Index Cessation Effective Date in a sentence

  • For the avoidance of doubt, in no event shall the Calculation Agent be responsible for determining whether any SOFR Index Cessation Effective Date, SOFR Index Cessation Event, OBFR Index Cessation Event, OBFR Index Cessation Effective Date or any adjustments or conforming changes thereto has occurred, or for the Issuer’s decisions and determinations described in this Condition 5.

  • If a Tenn SOFR Index Cessation Event has occurred, the rate in respect of an Interest Determination Date occurring on or after the Term SOFR Index Cessation Effective Date will be, subject to subsections (iii) and (iv) below, the Term SOFR Recommended Fallback Rate for the duration of the relevant Interest Period.


More Definitions of SOFR Index Cessation Effective Date

SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor
SOFR Index Cessation Effective Date means in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the Secured Overnight Financing Rate) ceases to publish the Secured Overnight Financing Rate or the date on which the Secured Overnight Financing Rate may no longer be used.
SOFR Index Cessation Effective Date. In respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the Secured Overnight Financing Rate) ceases to publish the Secured Overnight Financing Rate or the date on which the Secured Overnight Financing Rate may no longer be used.
SOFR Index Cessation Effective Date means, in respect of SOFR and a SOFR Index Cessation Event, the first date on which SOFR would ordinarily have been provided and is no longer provided.
SOFR Index Cessation Effective Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the Secured Overnight Financing Rate), ceases to publish
SOFR Index Cessation Effective Date means, in respect of a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New(ii) Bezugnahmen auf einen "Geschäftstag für US-Staatsanleihen" als Bezugnahmen auf einen "New Yorker Bankgeschäftstag" gelten; und(iii) Bezugnahmen auf die "New York Fed Internetseite" als Bezugnahmen auf die "Internetseite der Federal Reserve" gelten.(f) Falls der Zinssatz nicht nach Maßgabe der vorstehenden Regelungen bestimmt werden kann, entspricht der Zinssatz (i) dem Satz, der am letzten vorangegangenen Zinsfestlegungstag bestimmt worden ist, oder (ii) falls es keinen solchen vorangegangenen Zinsfestlegungstag gibt, dem anfänglichen Basiszinssatz, der für die erste Zinsperiode auf die Schuld- verschreibungen anwendbar gewesen wäre, wenn die Schuldverschreibungen für einen Zeitraum, dessen Länge der ersten planmäßigen Zinsperiode entspricht, der jedoch am Verzinsungsbeginn (ausschließlich) endet, ausstehend gewesen wären.(g) Für die Zwecke der vorstehenden Buchstaben (b) bis (f) gelten die folgenden Definitionen: