Benchmark Amendments definition

Benchmark Amendments has the meaning given to it in Condition 3.5(d). “Benchmark Event” means:

Benchmark Amendments means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Distribution Accrual Period", timing and frequency of determining the Relevant Reset Distribution Rate and making payments of Distribution, changes to the definition of "Corresponding Tenor" solely when such tenor is longer than the Distribution Accrual Period, any other amendments to these Conditions, the Trust Deed and/or the Agency Agreement, and other administrative matters) that the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines that adoption of any portion of such market practice is not administratively feasible or if the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines that no market practice for use of such Benchmark Replacement exists, in such other manner as the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) (as the case may be) determines is reasonably necessary);

Benchmark Amendments has the meaning given to it in Condition 4(b)(iii)(D);

Examples of Benchmark Amendments in a sentence

• Such notice shall be irrevocable and shall specify the effective date of such Benchmark Amendments.

• In addition, the Trustee shall be obliged to concur with the Issuer in effecting any Benchmark Amendments without the consent of the Noteholders or Couponholders.

• For the avoidance of doubt, no Noteholder or Couponholder consent shall be required in connection with effecting the Benchmark Amendments or such other changes, including for the execution of any documents, amendments or other steps by the Issuer or the Trustee (if required).

• The Successor Rate or Alternative Rate (as applicable), any Adjustment Spread (where applicable) and any Benchmark Amendments, without prejudice to the Trustee’s ability to rely on such certificate (as aforesaid), will be binding on the Issuer, the Trustee, the Agent (or such other Calculation Agent specified in the applicable Final Terms), the other Paying Agents, the Noteholders and the Couponholders.

• Any Benchmark Amendments determined under this Condition 4.3(c) shall be notified promptly by the Issuer to the Agent (or such other Calculation Agent specified in the applicable Final Terms), the Trustee and, in accordance with Condition 13, the Noteholders.

More Definitions of Benchmark Amendments

Benchmark Amendments has the meaning given to it in Condition 4.2(g)(iv); "Benchmark Event" means:

Benchmark Amendments has the meaning given to it in this Condition 5.2(n);

Benchmark Amendments has the meaning given to it in Condition 4(d)(iv) (Interest Payments - Benchmark Replacement);

Benchmark Amendments has the meaning given to it in Condition 5(j)(iv). “Benchmark Event” means:

Benchmark Amendments has the meaning given to it in Condition 5A(d). “Benchmark Event” means:

Benchmark Amendments has the meaning given to it in Condition 3(c)(iv).

Benchmark Amendments has the meaning given to it in Condition 4.2(h)(iv); "Benchmark Event" means, with respect to an Original Reference Rate: