Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

Benchmark Determination Date means (a) if the Benchmark is SOFR, the SOFR Determination Date and (b) if the Benchmark is any other rate, the date determined by the Issuer according to Section 3.19(c)(ii) of the Indenture.

Benchmark Determination Date means, (i) for the first Payment Date and the related Interest Accrual Period following the Issuance Date, June 24, 2022, and (ii) for each Payment Date and the related Interest Accrual Period following the first Payment Date, means (1) if the Benchmark is the SOFR Rate, the SOFR Determination Date, and (2) if the Benchmark is not the SOFR Rate, the date determined by the Designated Transaction Representative in accordance with the Benchmark Replacement Conforming Changes for each Payment Date and the related Interest Accrual Period.

Examples of Benchmark Determination Date in a sentence

If such rate does not appear on the Bloomberg Screen EUAMDB20 Index, the rate for that Benchmark Determination Date will be determined as if the parties had specify "EUR-Annual Swap Rate-Reference Banks 20Y" as the applicable Interest Rate.
The Benchmark will remain the same on the calendar days for which the Benchmark Determination Date is the same.
The Benchmark shall be determined by the Interest Calculation Agent and will be the 20 year swap ISDA Rate determined by the Calculation Agent which appears on the Bloomberg Screen EUAMDB20 Index as of 11:00 a.m. Frankfurt time on the Benchmark Determination Date.
For the avoidance of doubt, if the event that gives rise to the applicable Benchmark Replacement Date occurs on the same day as, but earlier than, the Benchmark Reference Time in respect of any determination, the Benchmark Replacement Date shall be deemed to have occurred prior to such Benchmark Determination Date.
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More Definitions of Benchmark Determination Date

Benchmark Determination Date means, with respect to an Interest Period, (i) if the Benchmark is 30-Day Average SOFR, the second U.S. Government Securities Business Day preceding the first day of that Interest Period, and (ii) if the Benchmark is any other rate, the date determined by the Administrator in accordance with Section 7.13(c)(ii) of this Agreement.

Benchmark Determination Date has the meaning set forth in the Sale and Servicing Agreement.

Benchmark Determination Date. With respect to any Interest Accrual Period, (1) if the Benchmark is LIBOR, the second London Banking Day preceding the first day of such Interest Accrual Period and (2) if the Benchmark is not LIBOR, the time determined in the Benchmark Replacement Conforming Changes.

Benchmark Determination Date means, for each Payment Date and the related Interest Accrual Period means (1) if the Benchmark is LIBOR, the second (2nd) London Banking Day prior to the commencement of such Interest Accrual Period, and (2) if the Benchmark is not LIBOR, the date determined by the Designated Transaction Representative in accordance with the Benchmark Replacement Conforming Changes for each Payment Date and the related Interest Accrual Period.

Benchmark Determination Date means (a) if the Benchmark is One-Month LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Interest Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Interest Period and (d) if the Benchmark is any other rate, the date determined by the Issuing Entity according to Section 8.4(c) of this Indenture.

Benchmark Determination Date means with respect to a Payment Date, (i) if the Benchmark is Term SOFR or Compounded SOFR, the SOFR Determination Date and (ii) if the Benchmark is any other rate, the date determined by the Bank in accordance with the Benchmark Replacement Conforming Changes.

Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the second Business Day prior to the first day of the applicable Interest Period, (c) if the Benchmark is Compounded SOFR, the fifth Business Day prior to the last day of the applicable Interest Period and (d) if the Benchmark is any other rate, the date determined by the Issuer in accordance with Section 3.1 of the Indenture.