Benchmark Security definition

Benchmark Security means the benchmark security/securities specified in the applicable Final Terms;

Benchmark Security means the [insert euro denominated benchmark debt security of the Federal Republic of Germany] [insert other relevant benchmark security] due [insert maturity], carrying ISIN [insert ISIN of the relevant benchmark security used at pricing the Notes], or, if such security is no longer outstanding on the Redemption Calculation Date, such substitute benchmark security selected by the Calculation Agent, in each case as having a maturity comparable to the remaining term of the Note to the Maturity Date, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

Benchmark Security means the common shares of AltaGas Ltd., or any security of AltaGas so designated by the board of directors of AltaGas in accordance with Section 8(a)(i) or any security so designated by the board of directors of AltaGas (as constituted prior to the Change of Control) in connection with a Change of Control.

Examples of Benchmark Security in a sentence

• Early Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

• Early Redemption Rate means the average of the four (4) quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

• If the Reference Benchmark Security is no longer outstanding, a Similar Security will be chosen by the Calculation Agent after prior consultation with the Issuer if practicable under the circumstances, at 11.00 a.m. (Central European time (CET)) on the third (3rd) business day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Calculation Agent to the Issuer.

• Reference Benchmark Security means the German government bond bearing interest at a rate of 0.25 per cent.

• In either case, the Plan and related Agreements may be modified by the Board, as constituted prior to the Reorganization Event, without the consent of any Participant, to utilize the securities of such surviving entity or new owner or such other publicly traded security which most closely tracks the value of the business of AltaGas, a surviving entity or new owner, as appropriate, in lieu of the Benchmark Security, to measure the Unit Value and, on a going forward basis, the Distribution Amounts.

More Definitions of Benchmark Security

Benchmark Security means the [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] due [specify maturity date] [ISIN or other securities code], or, if such security is no longer outstanding on the Make Whole Calculation Date, such substitute benchmark security chosen by the Calculation Agent, of comparable maturity to the Maturity Date, and (to the extent there is any relevant market for new issues of corporate debt securities of comparable maturity to the Maturity Date) that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

Benchmark Security means the [insert [euro denominated benchmark] debt

Benchmark Security means the

Benchmark Security means the security specified in the relevant Final Terms or the relevant Drawdown Prospectus, or, if such security is no longer outstanding on the Make-Whole Amount Calculation Date, such substitute benchmark security selected by the Financial Advisor, in each case as having a maturity comparable to the remaining term of the Notes, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes;

Benchmark Security means [the [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] due [specify maturity date] [ISIN or other securities code], or, if such security is no longer outstanding on the Redemption Amount Calculation Date, a substitute benchmark security [chosen by the Calculation Agent having a maturity comparable to the remaining term of the Note to][that would customarily be used in the pricing of new issues with a similar tenor having a maturity date on or about] [if Issuer Call Redemption Date(s) or Call Redemption Period(s) are not specified or the following shall be applicable, insert: the Maturity Date][if only one Issuer Call Redemption Date is specified and the following shall be applicable, insert: (i) the Issuer Call Redemption Date; or (ii) if the Issuer Call Redemption Date falls prior to the Call Redemption Date, the Maturity Date][if multiple Issuer Call Redemption Dates are specified and the following shall be applicable, insert: (i) the Issuer Call Redemption Date next following the Call Redemption Date; or (ii) if there is no Issuer Call Redemption Date following the Call

Benchmark Security means the DBR 0.5% due 15 February 2025(ISIN: DE0001102374), or, if such security is no longer outstanding on the Redemption Calculation Date, such substitute benchmark security selected by the Make-whole Determination Agent, in each case as having a maturity comparable to the remaining term of the Note to the First Call Date, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the First Call Date.

Benchmark Security means the 3.750 per cent. UK Treasury Gilt due 7 September 2020 (ISIN: GB00B582JV65);