Underlying Benchmark definition
Underlying Benchmark means, in respect of an RFR, the index, benchmark or other price source that is referred to in such RFR. References in these Terms and Conditions to the applicable Underlying Benchmark shall be construed as references to the Underlying Benchmark that applies pursuant to the foregoing in respect of the applicable RFR.
Underlying Benchmark means, with respect to any existing or proposed LIBOR Loan, the LIBOR Offered Rate.
Underlying Benchmark means, with respect to any existing or proposed LIBOR Loan, the LIBOR Offered RateUnadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. “United States” and “U.S.” mean the United States of America. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “Valuation Report” means a report by the Borrower, as of the close of business on a particular date, listing each security and other investment of the Borrower and the value thereof. “Value” has the meaning assigned to such term in Section 2(a)(41) of the Investment Company Act. USA.605252047.1/MPD 25
More Definitions of Underlying Benchmark
Underlying Benchmark means SOFR.