Benchmark Amendments definition

Benchmark Amendments has the meaning given to it in Condition 5.2(f)(iv); "Benchmark Event" means:

Benchmark Amendments means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Distribution Accrual Period", timing and frequency of determining the Relevant Reset Distribution Rate and making payments of Distribution, changes to the definition of "Corresponding Tenor" solely when such tenor is longer than the Distribution Accrual Period, any other amendments to these Conditions, the Trust Deed and/or the Agency Agreement, and other administrative matters) that the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines that adoption of any portion of such market practice is not administratively feasible or if the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines that no market practice for use of such Benchmark Replacement exists, in such other manner as the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines is reasonably necessary);

Benchmark Amendments has the meaning given to it in Condition 4(b)(iii)(D);

Examples of Benchmark Amendments in a sentence

• Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, determined under this Condition 6.4 (Benchmark discontinuation) will be notified promptly by the Issuer to the Agent, or if applicable, Calculation Agent, the Paying Agents and, in accordance with Condition 16 (Notices), the Noteholders.

• In connection with any such variation in accordance with this Condition 6.4(d) (Benchmark Amendments), the Issuer shall comply with the rules of any stock exchange on which the Notes are for the time being listed or admitted to trading.

• None of the Paying Agents or the Calculation Agent shall be responsible or liable for any action or inaction of the Independent Adviser or in respect of the determination of any Successor Rate or Alternative Rate or any Adjustment Spread or Benchmark Amendments.

• Such notice shall be irrevocable and binding and shall specify the effective date of the Benchmark Amendments, if any.

• Subject to receipt of the notice given in accordance with Condition 6.4(e) (Notices), the Agent or, if applicable, the Calculation Agent and the Paying Agents shall, without liability to the Noteholders or any other person, be obliged to concur with the Issuer in effecting any of the Benchmark Amendments with effect from the date specified in the notice referred to in Condition 6.4(e) (Notices) below.

More Definitions of Benchmark Amendments

Benchmark Amendments has the meaning given to it in Condition 4(c)(vi). “Benchmark Event” means:

Benchmark Amendments has the meaning given to it in Condition 4.2(g)(iv); "Benchmark Event" means:

Benchmark Amendments has the meaning given to it in Condition 4(d)(iv) (Interest Payments - Benchmark Replacement);

Benchmark Amendments has the meaning given to it in Condition 6(c)(iv);

Benchmark Amendments has the meaning given to it in Condition 4.2(h)(iv); "Benchmark Event" means, with respect to an Original Reference Rate:

Benchmark Amendments has the meaning given to it in Condition 3(c)(iv).

Benchmark Amendments has the meaning given to it in Clause 10.14 above.