SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a Benchmark Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the "Affected Interest Period") to, but excluding, the SOFR Index Cessation Date (such period, the "Partial SOFR Period"), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the "Partial Fallback Period"), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period; and

SOFR Reset Date means, in relation to any Interest Accrual Period, each U.S. Government Securities Business Day during such Interest Accrual Period, other than any U.S. Government Securities Business Day in the Cut-Off Period;

Examples of SOFR Reset Date in a sentence

The Rate of Interest for each Interest Period shall apply with effect from the Compounded Daily SOFR Reset Date for that Interest Period.
If a rate cannot be established pursuant to the provisions of paragraphs (1) through (5) above, the Trustee shall use the final SOFR rate that was available on the SOFR Index Cessation Date for each SOFR Reset Date occurring after the SOFR Index Cessation Date and prior to any subsequent date on which a rate can be established and utilized by the Trustee pursuant to the provisions of paragraphs (1) through (5) above.
SOFR published at approximately 8:00 a.m. (New York time) on the NY Federal Reserve Website on the SOFR Reset Date (or, if such SOFR Reset Date is not a U.S. Government Securities Business Day, on the first U.S. Government Securities Business Day following such SOFR Reset Date) for trades made on the U.S. Government Securities Business Day immediately preceding such SOFR Reset Date.

More Definitions of SOFR Reset Date

SOFR Reset Date means, in relation to any Interest Period, each U.S. Government Securities Business Day during such Interest Period, other than any U.S. Government Securities Business Day falling in the period from (and including) the date falling z London Banking prior to (but excluding) the corresponding Interest Payment Date in relation to such Interest Period (such period, the Cut-Off Period); and

SOFR Reset Date has the meaning given to it in Condition 4.2(b)(ii) (Screen Rate Determination for Floating Rate Covered Bonds); XXXXX means the Sterling Overnight Index Average benchmark risk-free rate administered by the Bank of England; XXXXX Screen Page means the Reuters Screen XXXXX Xxxx (or, if such page is no longer available, any replacement or successor page showing the relevant information);

SOFR Reset Date means, in relation to any lnterest Period, each U.S. Government Securities Business Day during such lnterest Period, other than any U.S. Government Securities Business Day in the period from (and including) the day following the lnterest Determination Date to (but excluding) the corresponding lnterest Payment Date (such period, the “Cut-Off Period”);

SOFR Reset Date means each U.S. Government Securities Business Day in the relevant Interest Period, other than any U.S. Government Securities Business Day in the Lock-out Period; and