ISDA Fallback Adjustment definition

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor;

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark (or the daily published component used in the calculation thereof).

Examples of ISDA Fallback Adjustment in a sentence

• The rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

• The rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark Rate for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

• To select the appropriate spread adjustment, the ARRC-recommended language includes another waterfall:  Step 1: ARRC Selected Adjustment  Step 2: ISDA Fallback Adjustment  Step 3: Borrower and Administrative Agent Selected Adjustment Steps 1 and 2 of the Benchmark Replacement Adjustment waterfall apply to Steps 1 and 2 of the Benchmark Replacement waterfall, and Step 3 of the Benchmark Replacement Adjustment waterfall applies to Step 3 of the Benchmark Replacement waterfall.

• Notwithstanding the provisions of Condition 4(k) (Benchmark Replacement) and Condition 4(l) (Effect of Benchmark Transition Event), if ISDA Determination for Fallback provisions is specified in the relevant Final Terms as being applicable then, upon the occurrence of an ISDA Determination Fallback Event, the Calculation Agent shall determine the Rate of Interest for the relevant Interest Period or Interest Accrual Period as the sum of: (A) the ISDA Fallback Rate; and (B) the ISDA Fallback Adjustment.

More Definitions of ISDA Fallback Adjustment

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA.

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event;

ISDA Fallback Adjustment means, with respect to any ISDA Fallback Rate, the spread adjustment, which may be a positive or negative value or zero, that would be applied to such ISDA Fallback Rate in the case of derivative transactions referencing the ISDA Definitions that will be effective upon the occurrence of an index cessation event with respect to the then-current SOFR Benchmark for the applicable tenor;

ISDA Fallback Adjustment means the spread adjustment (which maybe positive or negative value or zero) that would apply for derivative transactions referencing the Original Reference Rate in the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Original Reference Rate for the applicable tenor;

ISDA Fallback Adjustment means the spread adjustment, (which may be a positive or negative value orbilligem Ermessen der Emittentin oder der von ihr beauftragten Stelle getroffen, gilt als endgültig und bindend, sofern kein offensichtlicher Fehler vorliegt, und wird, ungeachtet von Gegenteiligem in der Dokumentation in Bezug auf die Wertpapiere, wirksam, ohne Zustimmung der Gläubiger oder einer anderen Partei.Wobei:

ISDA Fallback Adjustment means the spread adjustment, (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an ISDA Determination Fallback Event with respect to the Reference Rate specified in the applicable Final Terms for the applicable tenor.

ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of a SOFR Transition Event with respect to SOFR for the applicable tenor;