Enforcement Benchmark definition

Enforcement Benchmark means the: (a) Enforcement Cancellations Benchmark for each Reporting Period during a PBF Assessment Period; (b) Enforcement Short Formation Benchmark for each Reporting Period during a PBF Assessment Period; and (c) Enforcement TOC Minutes Delay Benchmark for each Reporting Period during a PBF Assessment Period;
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Enforcement Benchmark means the: "Enforcement Cancellations Benchmark" "Enforcement Short Formation Benchmark" "Enforcement TOC Minutes Delay Benchmark"
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Related to Enforcement Benchmark

  • Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.

  • Replacement Benchmark means a benchmark rate which is:

  • SOFR Benchmark means SOFR, provided that if a SOFR Benchmark Transition Event and its related SOFR Benchmark Replacement Date have occurred with respect to SOFR or such other then-current SOFR Benchmark, then "SOFR Benchmark" means the applicable SOFR Benchmark Replacement;

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.