Benchmark Rates definition

Benchmark Rates and “Benchmark Rate” means each of the rates or the rate specified as such in the relevant Final Terms;

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Benchmark Rates means the rates reflected in Table 6 on Form P, which must be pre- approved by IFA pursuant to Section 5.10.3 of the ITP.

Benchmark Rates means the rates for PABs and TIFIA financing, taxable bonds and bank debt contained in Part [●] of Exhibit 4.

Examples of Benchmark Rates in a sentence

• Based on a reading taken on the Bloomberg U.S. based screen on the last date of the market interest rate protection period, Developer and TxDOT shall both adjust the Base Case Financial Model to reflect the change in the Benchmark Rate(s) and agree on the exact impact of such an adjustment, highlighting specifically the positive or negative change of the Public Funds Amount from TxDOT or Concession Payment to TxDOT.

• Any change in the Interest Rate(s) (including Benchmark Rate(s) and/or the spread) may subsequently have an effect on the amount of equated monthly instalment(s) and/or the Tenure of the Loan or combination of both (at the discretion of the Lender).

• The Division acknowledges that the rate models used to determine the Benchmark Rates do not necessarily reflect actual cost profiles.

• If the Project Financing Deadline is extended pursuant to Section 3.3.1(d) (discretionary extension) and such extension was not initiated by TxDOT, TxDOT will not bear any of the risk or have any of the benefit of the impact of changes described in Section 3.6.1(a) (either for Benchmark Rates or credit spreads) for the period of such extension.

• If the Financial Close Deadline is extended pursuant to Section 3.3.1(d) (discretionary extension) and such extension was not initiated by TxDOT, TxDOT will not bear any of the risk or have any of the benefit of the impact of changes described in Section 3.6.1(a) (either for Benchmark Rates or credit spreads) for the period of such extension.

More Definitions of Benchmark Rates

Benchmark Rates means, collectively, the LIBOR, the 10-year Treasury CMT and the 30-year CMT.

Benchmark Rates means the rates for PABs and TIFIA financing, taxable bonds and bank debt

Benchmark Rates means the benchmark bond(s) contained in Part [●] of Exhibit 4.

Benchmark Rates mean the linehaul rates set forth in Appendices B1 to B5 in the column labeled “Benchmark Rates”.

Benchmark Rates means the benchmark (bond(s)) or SWAP rates underlying the financing contained in Developer’s Financing Plan and Financial Modelhas the meaning set forth in ITP Section 5.11.4.

Benchmark Rates means the rates for PABs and TIFIA financing, taxable bonds and bank debt contained in Section 5.2(f) of Exhibit 4.

Benchmark Rates means the rates which appear on Telerate Page 3750 (as defined in the 2002 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. 1991 Interest Rate and Currency Exchange Definitions) as reported by Bloomberg Financial Markets Commodities News or which appears in such other page as may replace Telerate Page 3750.