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 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.

Examples of Benchmark Security in a sentence

• 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)).

• 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)).

• 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.

• Reference Benchmark Security means the German government bond bearing interest at a rate of 0.25 per cent.

• In either case, the Plan and related Agreements may be modified by the Board, as constituted prior to the Reorganization Event, without the consent of any Participant, to utilize the securities of such surviving entity or new owner or such other publicly traded security which most closely tracks the value of the business of AltaGas, a surviving entity or new owner, as appropriate, in lieu of the Benchmark Security, to measure the Unit Value and, on a going forward basis, the Distribution Amounts.

More Definitions of Benchmark Security

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]].

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 [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 August 2025 carrying ISIN DE0001102382, 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. "Rückzahlungs-Berechnungstag" bezeichnet den zehnten Geschäftstag vor dem Tag, an dem die Schuldverschreibungen gemäß diesem Absatz (4) zurückgezahlt werden. (5) Vorzeitige Rückzahlung nach Wahl der Gläubiger bei Vorliegen eines Kontrollwechsels.

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

Benchmark Security means DBR 0.25% Feb 2029 (ISIN DE0001102465) or, if DBR is unavailable, such other equivalent benchmark security as may replace DBR, or such other equivalent benchmark security customarily used to price fixed rate euro denominated bonds at the time with a maturity equivalent to the remaining maturity of the Notes as determined by the Issuer (acting on the advice of a suitable financial entity).