Successor Benchmark Rate definition

Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

Successor Benchmark Rate shall have the meaning provided in Section 2.10(d).

Successor Benchmark Rate means a suc- cessor to or replacement of the Original Benchmark Rate which is formally recom- mended by any Relevant Nominating Body.

Examples of Successor Benchmark Rate in a sentence

• Falls der Unabhängige Berater nach billigem Ermessen feststellt,(iii) Successor Benchmark Rate or Alternative Benchmark Rate.

• If the Issuer determines in accordance with § 3(4)(d)(i)(A) that there is a Successor Benchmark Rate, then such Successor Benchmark Rate shall subsequently be the New Benchmark Rate.

• If the Issuer determines in its reasonable discretion that there is no Successor Benchmark Rate but that there may be an Alternative Benchmark Rate (as defined in § 3(4)(d)(vi)), then the Issuer shall endeavour to appoint an Independent Adviser, who will determine the Alternative Benchmark Rate, the Adjustment Spread and any Benchmark Amendments.

• If the Issuer determines in its reasonable discretion that there is a Successor Benchmark Rate (as defined in § 3(4)(d)(vi)), then the Issuer shall determine in its reasonable discretion such Successor Benchmark Rate, the Adjustment Spread (as defined in § 3(4)(d)(vi)) and any Benchmark Amendments (in accordance with § 3(4)(d)(iv)) as soon as this is (in the Issuer's view) required following the occurrence of the Benchmark Event and prior to the next Reset Determination Date.

• Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

More Definitions of Successor Benchmark Rate

Successor Benchmark Rate has the meaning specified in the definition of “Eurocurrency Rate”.

Successor Benchmark Rate has the meaning assigned to such term in Section 2.14(b).

Successor Benchmark Rate has the meaning specified in Section 2.08(g).

Successor Benchmark Rate means a successor to or replacement of the Origi- nal Benchmark Rate which is formally recommended by any Relevant Nominat- ing Body.

Successor Benchmark Rate means an industry benchmark rate that is comparable to LIBOR and generally accepted in the financial markets as the sole or predominant replacement benchmark to LIBOR.

Successor Benchmark Rate as defined in Section 1.6.

Successor Benchmark Rate. The meaning set forth in Section 17 hereof. “Termination Event”: Each of the following shall be a “Termination Event”: (a)(i) Seller or Parent shall fail to perform or observe any term, covenant or agreement under this Agreement or any Transaction Document and, except as otherwise provided herein, such failure shall continue for five (5) Business days after such Person’s knowledge or notice thereof or (ii) Seller shall fail to make when due any payment or deposit to be made by it under this Agreement including without limitation, any payment or deposit of Collections Due on each Settlement Date or under Section 7(b) of this Agreement and such failure shall continue unremedied for one Business Day; (b) any representation or warranty made by Seller or Parent (or any of their respective officers) under or in connection with this Agreement or any Transaction Document, or any information or report delivered by Seller or Parent pursuant to the Agreement, shall prove to have been incorrect or untrue in any material respect when made or deemed made or delivered and shall continue unremedied for five (5) Business days after such Person’s knowledge or notice thereof;