Applicable Benchmark Rate definition

Applicable Benchmark Rate means the BBSW Rate and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate, then the rate determined in accordance with Condition 5.3(b)(i)(B);

Applicable Benchmark Rate means the Benchmark Rate specified in the relevant Pricing Supplement and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate, then the rate determined in accordance with Condition 7.6;

Applicable Benchmark Rate means the Benchmark Rate specified in the relevant Pricing Supplement and, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate then the rate determined in accordance with this Condition 7.6;

Examples of Applicable Benchmark Rate in a sentence

• Citi will notify the Delek Entities of (A) the removal or reinstatement of any tenor of an Applicable Benchmark Rate pursuant to Section 31.11(d) and (B) the commencement of any Benchmark Unavailability Period.

More Definitions of Applicable Benchmark Rate

Applicable Benchmark Rate means BBSY, HIBOR, SOR or TIBOR, as the case may be, on the relevant Quotation Day.

Applicable Benchmark Rate means, (i) at all times prior to April 1, 2023 (the “Benchmark Transition Date”), the LIBOR Rate, and (ii) from and after the Benchmark Transition Date, Adjusted Term SOFR.

Applicable Benchmark Rate means, initially, the Three Month SOFR; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Applicable Benchmark Rate, then “Applicable Benchmark Rate” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior Applicable Benchmark Rate pursuant to Section 31.11. Notwithstanding the foregoing, “Applicable Benchmark Rate” shall at no time be less than 0.00% per annum.

Applicable Benchmark Rate means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior Applicable Benchmark Rate pursuant to Section 31.11. Notwithstanding the foregoing, “Applicable Benchmark Rate” shall at no time be less than 0.00% per annum.

Applicable Benchmark Rate means, (i) for all payments made prior to April 13, 2023 (the “Benchmark Transition Date”), LIBOR, and (ii) from and after the Benchmark Transition Date, SOFR.

Applicable Benchmark Rate means, with respect to any Collateral Asset, the definition of “Benchmark” or any comparable definition in the Underlying Instrument for each such Collateral Asset, or any other benchmark rate option in the Underlying Instrument for each such Collateral Asset. “Applicable Exchange Rate” means: (a) with respect to any Collateral Asset denominated and payable in an Alternative Currency on any date of determination, the foreign currency-dollar spot rate that appeared on the Bloomberg screen for the applicable Alternative Currency (i) if such date is a Determination Date preceding a Payment Date, at 5:00 p.m. on such date, (ii) in relation to the Applicable Exchange Rate as applied to any Outstanding Balance information in the Collateral Asset Tape, as of 5:00 p.m. on the Collateral Asset Tape Cut-off Date or (iii) otherwise, at 5:00 p.m. on the second Business Day immediately preceding such date; (b) with respect to any Alternative Currency Advance on any date of determination, the Alternative Currency-Dollar spot rate that appeared on the Bloomberg screen for such Alternative Currency (i) if such date is a Determination Date preceding a Payment Date, at 5:00 p.m. on such date or (ii) otherwise, at 5:00 p.m. on the second Business Day immediately preceding such date; and (c) with respect to any conversion of cash from one currency to another currency on any date, the applicable spot rate between such two currencies obtained by the Collateral Manager through customary banking channels, including the Collateral Agent’s own banking facilities. “Applicable Index” means (i) with respect to any Advance or Collateral Asset denominated in Canadian Dollars, Daily Compounded XXXXX, (ii) with respect to any Advance or Collateral Asset denominated in Euros, EURIBOR, (iii) with respect to any Advance or Collateral Asset denominated in Australian Dollars, the Bank Bill Rate, (iv) with respect to any Advance or Collateral Asset denominated in British Pounds, Daily Simple XXXXX, and (v) with respect to any other Advance or Collateral Asset, Term SOFR. “Applicable Law” means for any Person all existing and future laws, rules, regulations, to the extent applicable to such Person or its property or assets, all statutes, treaties, codes, ordinances, permits, certificates, orders, licenses of and interpretations by any Governmental Authority applicable to such Person and applicable judgments, decrees, injunctions, writs, awards or orders of any court, arbitrator or other administ...

Applicable Benchmark Rate means initially, the BBSW Rate or, if a Permanent Fallback Effective Date has occurred with respect to the BBSW Rate, AONIA or the RBA Recommended Rate as applicable at such time in accordance with this clause [#].