Fallback Index Cessation Effective Date definition

Fallback Index Cessation Effective Date means, in respect of a Fallback Index Cessation Event, the first date on which the Applicable Fallback Rate is no longer provided. If the Applicable Fallback Rate ceases to be provided on the same day that it is required to determine the base rate for an interest period pursuant to the terms of an applicable series of CDOR notes but it was provided at the time at which it is to be observed pursuant to the terms and provisions of such series of CDOR notes (or, if no such time is specified in the terms and provisions of such series, at the time at which it is ordinarily published), then the Fallback Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published.
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Fallback Index Cessation Effective Date means, in respect of a Fallback Index Cessation Event, the first date on which the Applicable Fallback Rate is no longer provided. If the Applicable Fallback Rate ceases to be provided on the same day that it is required to determine the rate for a Reset Date pursuant to the terms of the Instruments but it was provided at the time at which it is to be observed pursuant to the terms of the Instruments (or, if no such time is specified in the Instruments, at the time at which it is ordinarily published), then the Fallback Index
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Fallback Index Cessation Effective Date means, in respect of a Fallback Index Cessation Event, the first date on which the Applicable Fallback Rate is no longer provided. If the Applicable Fallback Rate ceases to be provided on the same day that it is required to determine the rate for an interest reset date pursuant to the terms of the relevant “—Fallback Index Cessation Event” provisions above but it was provided at the time at which it is to be observed pursuant to the terms of the such relevant provision (or, if no such time is specified in such relevant provision, at the time at which it is ordinarily published), then the Fallback Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published. If the Applicable Fallback Rate is Modified EDFR, references to the Applicable Fallback Rate in this definition of “Fallback Index Cessation Effective Date” shall be deemed to be references to the index, benchmark or other price source that is referred to in the definition of Modified EDFR.
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Examples of Fallback Index Cessation Effective Date in a sentence

  • No Fallback Index Cessation Effective Date with respect to TONA If neither the administrator nor authorized distributors provide or publish TONA and a Fallback Index Cessation Effective Date with respect to TONA has not occurred, then, in respect of any day for which TONA is required, references to TONA will be deemed to be references to the last provided or published TONA.

  • If neither the administrator nor authorized distributors provide or publish CORRA and a Fallback Index Cessation Effective Date with respect to CORRA has not occurred, then, in respect of any day for which CORRA is required, references to CORRA will be deemed to be references to the last provided or published CORRA.

  • No Fallback Index Cessation Effective Date with respect to JPY Recommended Rate If neither the administrator nor authorized distributors provide or publish the JPY Recommended Rate and a Fallback Index Cessation Effective Date with respect to the JPY Recommended Rate has not occurred, then, in respect of any day for which the JPY Recommended Rate is required, references to the JPY Recommended Rate will be deemed to be references to the last provided or published JPY Recommended Rate.

  • No Fallback Index Cessation Effective Date with respect to SONIA If neither the administrator nor authorized distributors provide or publish SONIA and a Fallback Index Cessation Effective Date with respect to SONIA has not occurred, then, in respect of any day for which SONIA is required, references to SONIA will be deemed to be references to the last provided or published SONIA.

  • No Fallback Index Cessation Effective Date with respect to AONIA If neither the administrator nor authorized distributors provide or publish AONIA and a Fallback Index Cessation Effective Date with respect to AONIA has not occurred, then, in respect of any day for which AONIA is required, references to AONIA will be deemed to be references to the last provided or published AONIA.

  • No Fallback Index Cessation Effective Date with respect to EuroSTR If neither the administrator nor authorized distributors provide or publish EuroSTR and a Fallback Index Cessation Effective Date with respect to EuroSTR has not occurred, then, in respect of any day for which EuroSTR is required, references to EuroSTR will be deemed to be references to the last provided or published EuroSTR.

  • No Fallback Index Cessation Effective Date with respect to RBA Recommended Rate If neither the administrator nor authorized distributors provide or publish the RBA Recommended Rate and a Fallback Index Cessation Effective Date with respect to the RBA Recommended Rate has not occurred, then, in respect of any day for which the RBA Recommended Rate is required, references to the RBA Recommended Rate will be deemed to be references to the last provided or published RBA Recommended Rate.

  • No Fallback Index Cessation Effective Date with respect to SARON If neither the administrator nor authorized distributors provide or publish SARON and a Fallback Index Cessation Effective Date with respect to SARON has not occurred, then, in respect of any day for which SARON is required, references to SARON will be deemed to be references to the last provided or published SARON.

  • No Fallback Index Cessation Effective Date with respect to JPY Recommended Rate If neither the administrator nor authorized distributors provide or publish the JPY Recommended Rate and a Fallback Index Cessation Effective Date with respect to the JPY Recommended Rate has not occurred, then, in respect of any day for which the JPYRecommended Rate is required, references to the JPY Recommended Rate will be deemed to be references to the last provided or published JPY Recommended Rate.

  • No Fallback Index Cessation Effective Date with respect to SORA If neither the administrator nor authorized distributors provide or publish SORA and a Fallback Index Cessation Effective Date with respect to SORA has not occurred, then, in respect of any day for which SORA is required, references to SORA will be deemed to be references to the last provided or published SORA.


More Definitions of Fallback Index Cessation Effective Date

Fallback Index Cessation Effective Date means, in respect of a Fallback Index Cessation Event, the first date on which the Applicable Fallback Rate is no longer provided. If the Applicable Fallback Rate ceases to be provided on the same day that it is required to
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Fallback Index Cessation Effective Date means, in respect of one or more Fallback Index Cessation Events (as defined below), the first date on which the Applicable CORRA Fallback Rate is no longer provided. If the Applicable CORRA Fallback Rate ceases to be provided on the same day that it is required to determine the rate for an Interest Determination Date pursuant to the terms of this Security but it was provided at the time at which it is to be observed pursuant to the terms of this Security (or, if no such time is specified in the terms and provisions of this Security, at the time at which it is ordinarily published), then the Fallback Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published.
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Fallback Index Cessation Effective Date means, in respect of a Fallback In- dex Cessation Event, the first date on which the Applicable Fallback Rate is no longer provided. If the Applicable Fallback Rate ceases to be provided on the same day that it is required to determine the rate for a Reset Date pursuant to the terms of the relevant [CDOR Floating Rate Note] but it was provided at the time at which it is to be observed pursuant to the terms of the relevant [CDOR Floating Rate Note] (or, if no such time is specified in the relevant [CDOR Floating Rate Note], at the time at which it is ordinarily published), then the Fallback Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published.
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Fallback Index Cessation Effective Date means, in respect of a Fallback Index Cessation Event, the first date on which Three-Month Fallback Rate (CORRA) is no longer provided. If Three-Month Fallback Rate (CORRA) ceases to be provided on a Fallback Observation Day in respect of an interest period but it was provided at the time at which it is to be observed on such Fallback Observation Day, then the Fallback Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published; and
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Related to Fallback Index Cessation Effective Date

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • Index Cessation Effective Date means, in respect of an Index Cessation Event, the first date on which the Applicable Rate is no longer provided. If the Applicable Rate ceases to be provided on the same day that it is required to determine the rate for an Interest Determination Date but it was provided at the time at which it is to be observed (or, if no such time is specified, at the time at which it is ordinarily published), then the Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published; and

  • 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;

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • €STR Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • Index Cessation Event means, with respect to an Applicable Benchmark, (a) a public statement or publication of information by or on behalf of the Administrator of the Applicable Benchmark announcing that it has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider, as applicable, that will continue to provide the Applicable Benchmark; or (b) a public statement or publication of information by the regulatory supervisor for the Administrator of the Applicable Benchmark, the central bank for the currency of the Applicable Benchmark, an insolvency official with jurisdiction over the Administrator for the Applicable Benchmark, a resolution authority with jurisdiction over the Administrator for the Applicable Benchmark or a court or an entity with similar insolvency or resolution authority over the Administrator for the Applicable Benchmark, which states that the Administrator of the Applicable Benchmark has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider that will continue to provide the Applicable Benchmark.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Index Call Event means each of the following events:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

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