Unadjusted Benchmark Replacement Sample Clauses
The Unadjusted Benchmark Replacement clause defines the process for substituting a financial benchmark rate, such as LIBOR, with a new reference rate without making any adjustments for differences in value or calculation methods. In practice, this means that if the original benchmark becomes unavailable or is discontinued, the replacement rate is applied as-is, without modifying the spread or other terms to account for discrepancies between the old and new rates. This clause ensures a clear and straightforward transition to a new benchmark, minimizing ambiguity and administrative complexity when a benchmark rate changes.
Unadjusted Benchmark Replacement. The applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. Unconsolidated Affiliate. In respect of any Person, any other Person in whom such Person holds an Investment (irrespective of whether such Person is an Affiliate under this Agreement), which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such first Person on the consolidated financial statements of such first Person if such financial statements were prepared in accordance with the full consolidation method of GAAP as of such date.
Unadjusted Benchmark Replacement. The Benchmark Replacement excluding the Benchmark Replacement Adjustment.
Unadjusted Benchmark Replacement. The applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 240. United States: The United States of America.
Unadjusted Benchmark Replacement. See §4.6(b). Unconsolidated Affiliate. In respect of any Person, any other Person in whom such Person holds an Investment, (a) whose financial results would not be consolidated under GAAP with the financial results of such first Person on the consolidated financial statements of such first Person, or (b) which is not a Subsidiary of such first Person. Unconsolidated Subsidiary. In respect of any Person, any other Person in whom such Person holds an Investment, whose financial results would not be consolidated under GAAP with the financial results of such first Person on the consolidated financial statements of such first Person. Unencumbered Assets. See §5.1(a). Unencumbered Asset Pool. All of the Eligible Real Estate Assets.