Benchmark Transition Provisions has the meaning set forth in Section 3.04;
Benchmark Transition Provisions has the meaning set forth in Section 3.05 of this Supplemental Indenture;
Benchmark Transition Provisions means the provisions specified in Condition 5(b)(iii)(E)(y) below;
Examples of Benchmark Transition Provisions in a sentence
In accordance with and subject to the Benchmark Transition Provisions, after a Benchmark Transition Event and related Benchmark Replacement Date have occurred, the amount of interest that will be payable for each interest period on the Notes during the floating rate period will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the Margin.
More Definitions of Benchmark Transition Provisions
Benchmark Transition Provisions means the provisions set forth in Section 3.4(f) of the Supplemental Indenture.
Benchmark Transition Provisions has the meaning set forth in Section 3.03;
Benchmark Transition Provisions has the meaning set forth in Section 2.03 of the Thirteenth Supplemental Indenture.
Benchmark Transition Provisions means the provisions specified in Condition 4(c)(ii)(B)(VII)(ii) below;
Benchmark Transition Provisions. Notwithstanding the foregoing provisions under “LIBOR”, except as otherwise stated in the Preliminary Prospectus Supplement, if the Issuer or the Issuer’s designee determines on or prior to the relevant Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each as defined under “Description of Senior Notes—Effect of Benchmark Transition Event” in the Preliminary Prospectus Supplement) have occurred with respect to LIBOR or the then-current Benchmark, then the provisions described under “Description of Senior Notes—Effect of Benchmark Transition Event” in the Preliminary Prospectus Supplement will thereafter apply to all the determinations of the Floating Interest Rate payable on the Notes during the Floating Rate Period. Margin: +245.2 bps (the “Margin”) Benchmark Treasury: UST 0.500% due March 31, 2025 Spread to Benchmark: 250 bps Reoffer Yield: 2.852% Issue Price: 100.000% Underwriting Discount: 0.325% Net Proceeds: $1,744,312,500 Sole Bookrunner: Barclays Capital Inc. Senior Co-Managers: Banca IMI S.p.A.; BBVA Securities Inc.; Citigroup Global Markets Inc.; Citizens Capital Markets, Inc.; X.X. Xxxxxx Securities LLC; Natixis Securities Americas LLC; PNC Capital Markets LLC; SMBC Nikko Securities America, Inc. Co-Managers: AmeriVet Securities, Inc.; BNY Mellon Capital Markets, LLC; Capital One Securities, Inc.; Desjardins Securities Inc.; Great Pacific Securities; Penserra Securities LLC; Regions Securities LLC; U.S. Bancorp Investments, Inc.
Benchmark Transition Provisions set forth above, no Benchmark Replacement will be adopted, nor will the applicable Benchmark Replacement Adjustment be applied, nor will any Benchmark Replacement Conforming Changes be made, if in the Issuer’s determination, the same could reasonably be expected to prejudice the qualification of the Notes as own funds and eligible liabilities or loss absorbing capacity instruments for the purposes of the Loss Absorption Regulations.