Benchmark Replacement Date definition

Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark (including the daily published component used in the calculation thereof):

Benchmark Replacement Date means, with respect to any Benchmark, the earliest to occur of the following events with respect to such then-current Benchmark:

Examples of Benchmark Replacement Date in a sentence

• The Applicable Administrative Agent will promptly notify the Borrower and the Lenders of (A) any occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 2.14(d) below and (E) the commencement of any Benchmark Unavailability Period.

• The Facility Agent will promptly notify PMI and the Lenders of (i) any occurrence of a Benchmark Transition Event, and its Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement or conclusion of any Benchmark Unavailability Period.

• The Administrator shall deliver written notice to each Rating Agency and the Calculation Agent on any SOFR Adjustment Date if, as of the applicable Reference Time, the Administrator has determined with respect to the related Accrual Period that there will be a change in the SOFR Rate or the terms related thereto since the immediately preceding SOFR Adjustment Date due to a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred.

• The Administrative Agent will promptly notify the Parent Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause ‎(d) below and (v) the commencement or conclusion of any Benchmark Unavailability Period.

More Definitions of Benchmark Replacement Date

Benchmark Replacement Date the earliest to occur of the following events with respect to the then-current Benchmark:

Benchmark Replacement Date means the earlier to occur of the following events with respect to the LIBO Rate:

Benchmark Replacement Date means a date and time determined by the Agent, which date shall be no later than the earliest to occur of the following events with respect to the then-current Benchmark:

Benchmark Replacement Date means a date and time determined by the Administrative Agent, which date shall be no later than the earliest to occur of the following events with respect to the then-current Benchmark:

Benchmark Replacement Date means the earlier to occur of the following events with respect to LIBOR:

Benchmark Replacement Date means, with respect to any Benchmark, the earlier to occur of the following events with respect to such then-current Benchmark:

Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark for any currency: