Examples of Benchmark Trigger Event in a sentence
Early Redemption Amount (upon redemption following an FX Disruption Event or Benchmark Trigger Event): (Condition 9(f)(Y) or 15A)Fair Market Value.
In such event, depending on the particular "benchmark" and the applicable terms of the Notes, such benchmark may be deemed replaced (for the purposes of the Notes) with an alternative benchmark selected by the Issuer (or any Alternative Pre-nominated Index specified in the Pricing Supplement as applicable), the terms and conditions of the Notes might be adjusted pursuant to Condition 17 (Consequences of a Benchmark Trigger Event), or de-listed, redeemed or terminated early, or otherwise impacted.
If, in respect of a Transaction, more than one Relevant Benchmark is subject to a Benchmark Trigger Event, then the Fallbacks shall apply separately to each such Relevant Benchmark.
After determination of a Successor Mid-Swap Rate or an Alternative Mid- Swap Rate, for the purpose of a further Mid-Swap Benchmark Trigger Event, such Successor Mid-Swap Rate or Alternative Mid-Swap Rate will be deemed to be the Original Mid-Swap Rate.
The closets or appliance rooms housing appliances on a multi-story vent must have access to outside air or to air from a non-habitable chase or air well.
An Additional Termination Event within the meaning of paragraph 6.6 hereof shall occur if (i) no Fallback can be applied following a Benchmark Trigger Event; or (ii) a dispute regarding a Determination is not resolved within the timeframe specified in paragraph 9.1.4(f) hereof (each a “Fallback Termination Event”).
Early Redemption for Additional Disruption Events, Index Cancellation or Benchmark Trigger Event – If a change in law, hedging disruption or increased cost of hedging occurs (each an "Additional Disruption Event") or certain events occur in relation to the Index (including its suspension or cancellation) the Issuer may redeem all but not some only of the Notes prior to their stated maturity and pay the relevant investor an amount per Note equal to the fair market value of such Note.
After determination of a Successor Mid-Swap Rate or an Alternative Mid-Swap Rate, for the purpose of a further Mid-Swap Benchmark Trigger Event, such Successor Mid-Swap Rate or Alternative Mid-Swap Rate will be deemed to be the Original Mid-Swap Rate.
Any Fallback shall be effective as of the date agreed by the Parties or, failing such an agreement, the date determined by the Bank without undue delay following the Benchmark Trigger Event (the “Effective Date”).
The Parties may, whether in a Confirmation or elsewhere, agree that a Relevant Benchmark will, following the occurrence of a Benchmark Trigger Event, be replaced by an alternative index, price source or commodity reference price, as applicable (the “Agreed Fallback Benchmark”).