Examples of Administrator/Benchmark Event Date in a sentence
If an Index Cessation Event or an Administrator/Benchmark Event occurs with respect to the USD SOFR ICE Swap Rate, then, from and including the Index Cessation Effective Date or the Administrator/Benchmark Event Date, as applicable, the Alternative Post-Nominated Index rate will apply to Notes.
Adjustment Date means, in respect of an Administrator/Benchmark Event, the later of (i) the first date on which the Calculation Agent identifies a Replacement Benchmark and determined an Adjustment Spread, as applicable; and (ii) the first to occur of: (i) the first date on which the Benchmark is no longer available following a Benchmark Cessation and (ii) the Administrator/Benchmark Event Date, as relevant in relation to such Administrator/Benchmark Event.
If an Index Cessation Event or an Administrator/Benchmark Event occurs with respect to the USD SOFR ICE Swap Rate, then, from and including the Index Cessation Effective Date or the Administrator/Benchmark Event Date, as applicable, the Alternative Post-Nominated Index rate will apply to the USD SOFR ICE Swap Rate notes.
They aim to generate rules to predetect the failures of aircraft components before reaching warning levels.
The inclusion of the Administrator/Benchmark Event and Administrator/Benchmark Event Date concepts in the 2021 Definitions addresses requirements under the EU Benchmarks Regulation, specifically the express prohibition in the EU Benchmarks Regulation on the use of benchmarks unless they are appropriately authorized or registered.