Fallback Index Cessation Event definition

Fallback Index Cessation Event means, in respect of an Applicable Fallback Rate:
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Fallback Index Cessation Event means, in respect of Fallback Rate (EuroSTR):
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Fallback Index Cessation Event means: (a) a public statement or publication of information by or on behalf of the administrator or provider of Three-Month Fallback Rate (CORRA) announcing that it has ceased or will cease to provide Three-Month Fallback Rate (CORRA) 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 Three-Month Fallback Rate (CORRA) or (b) a public statement or publication of information by the regulatory supervisor for the administrator of Three-Month Fallback Rate (CORRA), the Bank of Canada, an insolvency official with jurisdiction over the administrator for Three-Month Fallback Rate (CORRA), a resolution authority with jurisdiction over the administrator for Three-Month Fallback Rate (CORRA) or a court or an entity with similar insolvency or resolution authority over the administrator for Three-Month Fallback Rate (CORRA), which states that the administrator of Three-Month Fallback Rate (CORRA) has ceased or will cease to provide Three-Month Fallback Rate (CORRA) permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator that will continue to provide Three-Month Fallback Rate (CORRA).
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Examples of Fallback Index Cessation Event in a sentence

  • Where a Fallback Index Cessation Event in respect of the Fallback Rate (AONIA) has occurred then the Interbank Overnight Cash Rate (“AONIA”).

  • In particular, the CAD Recommended Rate, which is the rate set by a committee officially endorsed or convened by the Bank of Canada at the time of a Fallback Index Cessation Event and related Fallback Index Cessation Effective Date, has not been established as of the date of this Base Prospectus.

  • Fallback Index Cessation Effective Date with respect to Fallback Rate (SOR) Upon the occurrence of a Fallback Index Cessation Event with respect to Fallback Rate (SOR), the rate for a Reset Date which relates to a Calculation Period in respect of which the Fallback Observation Day occurs on or after the Fallback Index Cessation Effective Date with respect to Fallback Rate (SOR) will be the MAS Recommended Rate.

  • Property Address: Mortgage Account Number (s): Please note that this authorization will remain effective until a written revocation is received, signed by all mortgagors listed.

  • Where a Fallback Index Cessation Event occurs with respect of each of Fallback Rate (AONIA) and AONIA, then the RBA Recommended Rate is to apply.

  • If neither the Administrator nor an Authorised Distributor has published the AONIA Rate and / or a Fall-back Index Cessation Event with respect to AONIA has not occurred, then the last provided or published AONIA Rate.

  • The diagrams also show the further fallbacks which would apply if the first-level fallbacks were also permanently discontinued following a Fallback Index Cessation Event and a related Fallback Index Cessation Effective Date.2The information in this document is provided for information purposes only.

  • The diagrams also show the further fallbacks which would apply if the first-level fallbacks were also permanently discontinued following a Fallback Index Cessation Event and a related Fallback Index Cessation Effective Date.The information in this document is provided for information purposes only.

Related to Fallback Index Cessation Event

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner: