Original Benchmark Rate definition

Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

Original Benchmark Rate on any day means the [insert applicable number of months]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) appearing on the Screen Page as of 11.00 a.m. (Brussels time) on the Interest Determination Date.

Original Benchmark Rate on any day means the [1 / 3 / 6 / 12]-months Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on, the Screen Page as of 11:00

Examples of Original Benchmark Rate in a sentence

Without prejudice to the obligations of the Issuer under § 3 (5)(a), (b), (c) and (d), the Original Benchmark Rate and the fallback provisions provided for in the definition of the term "Reset Reference Bank Rate" in § 3 (1) will continue to apply unless and until a Benchmark Event has occurred.
Potential investors should be aware that the performance of the Original Benchmark Rate cannot be anticipated.
Potential investors in the Notes should bear in mind that neither the current nor the historical level of the Original Benchmark Rate is an indication of its future development.
If a Benchmark Event has occurred in relation to the Original Benchmark Rate, then the Issuer shall endeavour to appoint an Independent Adviser as soon as possible, who will determine a New Benchmark Rate, the Adjustment Spread (in accordance with§ 3(d)(v)) and any Benchmark If "30E /360" or "Eurobond Basis" ap- plies, the following applies:§ 3(d)(v)) und etwaige Benchmark- Änderungen (gemäß § 3(d)(vi)) festlegt.Amendments (in accordance with§ 3(d)(vi)).
If the Issuer determines that a Benchmark Event has occurred in relation to the Original Benchmark Rate, the Issuer will notify the Fiscal Agent, the Calculation Agent, the Paying Agents and, in accordance with § 11, the Noteholders thereof, and the relevant Reference Rate and the interest on the Notes in accordance with § 3(b) and § 3(c) will be determined as follows: (i) Independent Adviser.

Original Benchmark Rate means the mid swap rate for swap transactions in the Specified Currency with a term of[insert relevant term] years as displayed on the Reset Screen Page (as defined below). In the event that the Original Benchmark Rate does not appear on the Reset Screen Page on the Reset Interest Determination Date (other than in circumstances where § 3 (5) applies), the Reference Rate will be the Reset Reference Bank Rate on such Reset Interest Determination Date.

Original Benchmark Rate on any day means (subject to § 3(6)) the "[insert relevant Original Benchmark Rate]" (expressed as a percentage rate per annum) appearing on the Screen Page as of [11.00 a.m.] [12.00 noon] [insert other relevant time] (local time in [Brussels] [London] [Stockholm] [Tokyo]) on the Interest Determination Date.

Original Benchmark Rate on any day means (subject to § 3(d)) the [insert applicable number of months]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of 11.00

Original Benchmark Rate on any day means (subject to § 3(3)) the [insert applicable number of months]-months [Insert Specified Currency] London Interbank Offered Rate (expressed as a percentage rate per annum) appearing on the Screen Page as of 11:00 a.m. (London time) on the Interest Determination Date.

Original Benchmark Rate on any day means the rate for deposits in the Specified Currency for a period of the Designated Maturity which appears on the Screen Page as of 11:00 a.m. (London time) on such day.

Original Benchmark Rate on any day means (subject to § 3(d)) the [insert

Original Benchmark Rate on any TARGET Business Day means the annual swap rate which is fixed at 11:00 a.m. (Frankfurt time) and is expressed as a percentage per annum for Euro denominated swap transactions with a maturity of 5 years which appears on the Screen Page on such TARGET Business Day at or around 11:00 a.m. (Frankfurt time).