Benchmark Rate Modification Sample Clauses

Benchmark Rate Modification. The Servicer shall perform any Benchmark Rate Modification (as defined in Notes Condition 12 (Amendments to Conditions and Benchmark Rate Modification) and Loan Condition 11 (Amendments to Conditions and Benchmark Rate Modification) in accordance with Loan Condition 11.3 and Notes Condition 12(c).
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Benchmark Rate Modification. The Servicer shall perform any Benchmark Rate Modification (as defined in Condition 14) in accordance with Condition 14(b), to the extent the conditions set out in Condition 14(b)(iv) are fulfilled.
Benchmark Rate Modification. 33.5.1 Notwithstanding the provisions of Clause 33.4 the following provisions shall apply if the Issuer (or the Servicer acting on behalf of the Issuer) determines that a Benchmark Rate Modification Event has occurred. 33.5.2 Following the occurrence of a Benchmark Rate Modification Event, the Rate Determination Agent shall determine in consultation with each of the Swap Counterparties (acting in good faith and in a commercially reasonable manner) an Alternative Benchmark Rate, provided that where the Rate Determination Agent is not the Servicer, it shall make any determination in consultation with the Issuer (or the Servicer on behalf of the Issuer). 33.5.3 The Trustee shall, subject to the provisions of this Clause 33.5, be obliged to concur with the Issuer in making any Benchmark Rate Modification, provided that the Issuer and the Rate Determination Agent deliver a Benchmark Rate Modification Certificate to the Trustee. 33.5.4 It is a condition to any such Benchmark Rate Modification that: (a) such Benchmark Rate Modification is acceptable to each of the Swap Counterparties (such consent not to be unreasonably withheld); (b) the Issuer, or the Servicer on behalf of the Issuer, certifies in the Benchmark Rate Modification Certificate that it has given the Rating Agencies at least 10 Business Days prior written notice of the proposed modification and none of the Rating Agencies has indicated that such modification would result in
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