Applicable Tenor at any time shall mean the tenor then applicable pursuant to the definition of “Interest Period” at such time.

Applicable Tenor means the tenor applicable to the Cost of Funds Rate prior to the applicable Benchmark Replacement Date.

Applicable Tenor. One-month or such other tenor then in effect if a one-month tenor is not available.

Examples of Applicable Tenor in a sentence

During a Benchmark Unavailability Period or at any time that the Applicable Tenor for the then-current Benchmark is not an Available Tenor, the component of U.S. Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of U.S. Base Rate.

More Definitions of Applicable Tenor

Applicable Tenor means, with respect to the then-current Benchmark, a tenor of one (1) month for such Benchmark. “Benchmark” means, initially, the LIBOR Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to the LIBOR Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that

Applicable Tenor means with respect to then current Benchmark, a tenor of one (1) month for such Benchmark.

Applicable Tenor means, with respect to any Available Tenor, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

Applicable Tenor means (a) in the context of USD LIBOR (and subject to Section 2(s)(iv)), one month or three months, and (b) in the case of any other Benchmark, a tenor or interest payment period of approximately one month or three months (disregarding business day adjustments).

Applicable Tenor means, if the currency in which the Relevant Swap Transaction is denominated is: