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.

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

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

Examples of Successor Benchmark Rate in a sentence

• Notwithstanding anything else herein, any Successor Benchmark Rate shall provide that in no event shall such Successor Benchmark Rate be less than zero for purposes of this Agreement.

• Notwithstanding anything herein to the contrary, any Successor Benchmark Rate shall provide that if such rate is less than zero, such rate shall be zero for all purposes of this Agreement.

• Notwithstanding anything else herein, any definition of Successor Benchmark Rate shall provide that in no event shall such Successor Benchmark Rate be less than zero for purposes of this Agreement.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of any reference rate referred to herein, any alternative, successor or replacement rate (including any Successor Benchmark Rate) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of any reference rate referred to herein, any alternative, successor or replacement rate (including any Successor Benchmark Rate and any Successor Alternative Benchmark Rate) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers.

More Definitions of Successor Benchmark Rate

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.

Successor Benchmark Rate has the meaning set forth in the definition of “RFR”.

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

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

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 as defined in Section 1.6.