Benchmark Discontinuation. Notwithstanding the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall apply.
Appears in 8 contracts
Samples: Agency Agreement (Toyota Motor Credit Corp), Agency Agreement (Toyota Motor Credit Corp), Agency Agreement (Toyota Motor Credit Corp)
Benchmark Discontinuation. Notwithstanding the provisions in this Condition 4(b) above4, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that such Original Reference Rate, then the following provisions shall apply to the relevant Series of this Condition 4(c) shall apply.Notes:
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, SARON, AONIA Rate, BBSW Rate or XXXXX.
Appears in 2 contracts
Samples: Agency Agreement (Toyota Motor Credit Corp), Agency Agreement
Benchmark Discontinuation. Notwithstanding the provisions in Condition 4(b) 4.2 above, if the Issuer Issuer, in consultation with the Agent, determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) 4.3 shall apply.
Appears in 2 contracts
Samples: www.motabilityoperations.co.uk, www.motabilityoperations.co.uk
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, AONIA Rate, BBSW Rate or XXXXX.
Appears in 1 contract
Samples: Agency Agreement
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, AONIA Rate, BBSW Rate or CXXXX.
Appears in 1 contract