Benchmark Security definition

Benchmark Security means the benchmark security/securities specified in the applicable Final Terms;

Benchmark Security means the [insert euro denominated benchmark debt security of the Federal Republic of Germany] [insert other relevant benchmark security] due [insert maturity], carrying ISIN [insert ISIN of the relevant benchmark security used at pricing the Notes], or, if such security is no longer outstanding on the Redemption Calculation Date, such substitute benchmark security selected by the Calculation Agent, in each case as having a maturity comparable to the remaining term of the Note to the Maturity Date, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

Benchmark Security means the [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] due [specify maturity date] [ISIN or other securities code], or, if such security is no longer outstanding on the Make-Whole Calculation Date, such substitute benchmark security chosen by the Make-Whole Calculation Agent, having a maturity comparable to the remaining term of the Note to [if Call Redemption Date(s) are not specified or the following shall be applicable, insert: the Maturity Date][if Call Redemption Date(s) are specified and the following shall be applicable, insert: [insert earliest possible par redemption date]], that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to [if Call Redemption Date(s) are not specified or the following shall be applicable, insert: the Maturity Date][if Call Redemption Date(s) are specified and the following shall be applicable, insert: [insert earliest possible par redemption date]].

Examples of Benchmark Security in a sentence

• Early Redemption Rate means the average of the four (4) quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

• Early Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

• If the Reference Benchmark Security is no longer outstanding, a Similar Security will be chosen by the Calculation Agent after prior consultation with the Issuer if practicable under the circumstances, at 11.00 a.m. (Central European time (CET)) on the third (3rd) business day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Calculation Agent to the Issuer.

• No grant of Phantom Units under the Plan shall entitle a Participant or Beneficiary to any rights of a holder of the Benchmark Security and under no circumstances are Phantom Units to be considered Benchmark Securities.

• If the Reference Benchmark Security is no longer outstanding, a Similar Security will be chosen by the Calculation Agent after prior consultation with the Issuer if practicable under the circumstances, at 11.00 a.m. (Central European time (CET)) on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Calculation Agent to the Issuer.

More Definitions of Benchmark Security

Benchmark Security means the common shares of AltaGas Ltd., or any security of AltaGas so designated by the board of directors of AltaGas in accordance with Section 8(a)(i) or any security so designated by the board of directors of AltaGas (as constituted prior to the Change of Control) in connection with a Change of Control.

Benchmark Security means the [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] due [specify maturity date] [ISIN or other securities code], or, if such security is no longer outstanding on the Make Whole Calculation Date, such substitute benchmark security chosen by the Calculation Agent, of comparable maturity to the Maturity Date, and (to the extent there is any relevant market for new issues of corporate debt securities of comparable maturity to the Maturity Date) that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

Benchmark Security means the [insert [euro denominated benchmark] debt

Benchmark Security means the security issued by the Government of India which is a nodal point for 10 year tenor as published by Financial Benchmark India Pvt. Ltd. (FBIL) on its official website at the end of the first Business Day prior to the Observation Date. It is hereby clarified that the Benchmark Security for a particular Fixing Date shall be the same for the immediately following Observation Date

Benchmark Security means the [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] due [specify maturity date] [ISIN or other securities code], or, if such security is no longer outstanding on the Redemption Amount Calculation Date, a substitute benchmark security chosen by the Calculation Agent having a maturity comparable to the remaining term of the Note to [if Call Redemption Date(s) are not specified or the following shall be applicable, insert: the Maturity Date][if only one Call Redemption Date is specified and the following shall be applicable, insert:(i) the Call Redemption Date; or (ii) if the Call Redemption Date falls prior to the Optional Redemption Date, the Maturity Date][if multiple Call Redemption Dates are specified and the following shall be applicable, insert: (i) the Call Redemption Date next following the Optional Redemption Date; or (ii) if there is no Call Redemption Date following the Optional Redemption Date, the Maturity Date], and that (where relevant) would be used at the time of selection and in accordance with customary financial practice in pricing new issues of corporate debt securities of comparable maturity to [if Call Redemption Date(s) are not specified or the following shall be applicable, insert: the Maturity Date][if only one Call Redemption Date is specified and the following shall be applicable, insert: (i) the Call Redemption Date; or (ii) if the Call Redemption Date falls prior to the Optional Redemption Date, the Maturity Date][if multiple Call Redemption Dates are specified and the following shall be applicable, insert: (i) the Call Redemption Date next following the Optional Redemption Date; or (ii) if there is no Call Redemption Date following the Optional Redemption Date, the Maturity Date].

Benchmark Security means the euro denominated benchmark debt security of the Federal Republic of Germany due 15 February 2026 carrying ISIN DE0001102390, or if such security is no longer outstanding on the Redemption Calculation Date, such substitute benchmark security (chosen by the Calculation Agent and which the Calculation Agent considers to be appropriate) of comparable maturity to the Maturity Date, and (to the extent there is any relevant market for new issues of corporate debt securities of comparable maturity to the Maturity Date) that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.Schuldverschreibungen vergleichbaren Laufzeit verwendet würde.

Benchmark Security. 2019 Notes: 3.750% due January 4, 2019 2024 Notes: 1.750% due July 4, 2022