Applicable Benchmark definition

Applicable Benchmark means the USD SOFR ICE Swap Rate.

Applicable Benchmark. “Fixing Day” and “Fixing Time” have the meanings given to those terms in the ISDA Definitions.

Applicable Benchmark means the USD SOFR ICE Swap Rate, the CMT rate, the Commercial Paper rate, the Federal Funds (Effective) rate, the Federal Funds (Open) rate, the Prime rate or the Treasury rate, as applicable.

Examples of Applicable Benchmark in a sentence

• On the Reset Announcement Date, the Reset Spread and the Applicable Benchmark Treasury to be used to determine the Reset Rate will be announced by the Company or FPL Group Capital.

• On the Business Day immediately following the Reset Announcement Date, the Company will cause a notice of the Reset Spread, Applicable Benchmark Treasury and, if applicable, percentage undivided beneficial ownership interest in the to be published in an Authorized Newspaper.

• Name of the benchmark or family ofNot Applicable (Benchmark Statement by Benchmark Family)Item 4.

• On each Reset Announcement Date, the Reset Spread and the Applicable Benchmark Treasury to be used to determine the Reset Rate will be announced by the Company.

• On the Business Day immediately following the Reset Announcement Date, the Company will cause a notice of the Reset Spread and Applicable Benchmark Treasury and, if applicable, the percentage undivided beneficial ownership interest determined by the Reset Agent to be published in an Authorized Newspaper.

More Definitions of Applicable Benchmark

Applicable Benchmark means any of the following:

Applicable Benchmark means the 30Y SOFR Swap Rate and the 2Y SOFR Swap Rate, as applicable.

Applicable Benchmark means the 30Y SOFR Swap Rate.

Applicable Benchmark means the applicable Reference Rate or (if applicable) any subsequent fallback rate determined or applicable to the Securities pursuant to Conditions 4(d)(v) or 4(d)(vii);

Applicable Benchmark means the applicable Replacement Rate and (ii) the “Replacement Rate” means, with respect to amounts denominated in a particular currency, the alternative rate and margin (which may be different to the previously specified rate and may include an adjustment spread) notified to the Sellers by the Administrative Agent and which, in the Administrative Agent’s opinion (which shall be conclusive absent manifest error), shall take into account benchmark rates and means of calculating spread adjustments that are being generally accepted in the relevant markets; provided, that, if such alternate benchmark interest rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Each determination by the Administrative Agent pursuant to this Section 1(k) shall be conclusive absent manifest error.

Applicable Benchmark. Fixing Day" and "Fixing Time" have the meanings given to those terms in the ISDA Definitions. In the event that a Replacement Event has occurred in relation to the such Floating Rate Option, the Floating Rate Option shall be determined in accordance with Condition 4(c)(iii). Subject to Condition 4(c)(iv) (Replacement Events), in the event that the ISDA Rate cannot be determined in accordance with the provisions of the relevant notional interest rate transaction (or the fallbacks thereunder), then the Calculation Agent shall determine the ISDA Rate for such Interest Period having regard to such facts and circumstances as it considers relevant.

Applicable Benchmark means CME Term SOFR.