Benchmark Transition Date definition

Benchmark Transition Date shall have the meaning provided in Section 1.14(a).
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Benchmark Transition Date shall have the meaning assigned to it in the definition of “Applicable Benchmark Rate.”
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Benchmark Transition Date means any date designated by Lender for conversion of the then-current Benchmark to a Benchmark Replacement, the selection of which date may be based on, or determined with due consideration for, any of the events described in clauses (1) – (7) of the definition of “Benchmark Transition Event” below (in Lender’s sole discretion), as applicable. “Benchmark Transition Event” shall mean any election by Xxxxxx to convert the then- existing Benchmark to a Benchmark Replacement, which such election may be based on, or determined with due consideration for, any of the following (in Xxxxxx’s sole discretion): (1) a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark announcing that the administrator has ceased or will cease to provide such Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark; (2) a public statement or publication of information by the regulatory supervisor for the administrator of the then-current Benchmark, the central bank for the currency of the such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, which states that the administrator of such Benchmark has ceased or will cease to provide such Benchmark permanently or indefinitely (so long as, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark); (3) a public statement or publication of information by the regulatory supervisor for the administrator of the then-current Benchmark announcing that such Benchmark is no longer representative; (4) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body; (5) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar- denominated syndicated or bilateral credit facilities at such time; (6) Lender’s determination in good faith that the then-current Benchmark is not, or is no longer, the prevailing rate being used by commercial real estate lenders for floating rate mortgage loans or by i...
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Examples of Benchmark Transition Date in a sentence

  • On or after the occurrence of the Benchmark Transition Date, the Bank may amend each relevant Annex to the Credit Facility Agreement to replace LIBOR with a Benchmark Replacement.

  • Interest Rates: Spread AdjustmentFor all loan and revolving credit facilities where LIBOR is an initial applicable benchmark rate, the agreement must contain one or more mechanisms for determining the spread adjustment to be applied to the benchmark based on the relevant RFRs following the Benchmark Transition Date (as set out in section 24.3 above).

  • The Bank will promptly notify the Borrower upon becoming aware of any occurrence of the Benchmark Transition Date.


More Definitions of Benchmark Transition Date

Benchmark Transition Date means the earlier to occur of (a) 30th June 2021 or any earlier date agreed between the Bank and the Borrower and (b) the date of the occurrence of one or more of the following events with respect to LIBOR:
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Benchmark Transition Date has the meaning assigned to such term in Section 2.27(a). “Benchmark Transition Event” means, with respect to any then-current Benchmark other than USD LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark, the regulatory supervisor for the administrator of such Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such
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Benchmark Transition Date means the earlier to occur of (a) 30th June 2021 or any earlier date agreed between the Agent (acting on the instructions of the Majority Lenders) and the Borrower and (b) the date of the occurrence of one or more of the following events with respect to LIBOR:
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Related to Benchmark Transition Date

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Agreement Termination Date is defined in Section 7.4.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

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

  • Implementation Date means the date, occurring after the Approval Date, on which the Merger is implemented by the Merging Parties;

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • SPS Valuation Date means the SPS FR Barrier Valuation Date or the Strike Date, as applicable.

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Initial Valuation Date means the Issue Date, provided that if such day is not an Exchange Business Day for a Share then the Initial Valuation Date for that Share will be the first succeeding day that is an Exchange Business Day, subject to the occurrence of a Market Disruption Event. See “DESCRIPTION OF THE NOTES – Market Disruption Event” below for further detail.

  • Service Transfer Date means the date of a Service Transfer;

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Lender shall have been made).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Auto-Call Valuation Date means, in respect of an Index and subject to the Adjustment Provisions, each day specified as such in the definition of Auto-Call Trigger Level, or if any such day is not a Scheduled Trading Day for such Index, the next following Scheduled Trading Day in respect of such Index.