Examples of Original Benchmark Rate in a sentence

In this case, any reference in this § 3 (5) to the term Original Benchmark Rate shall be deemed to be a reference to the Successor Rate or Alternative Rate, as applicable, that last applied.
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.
If the Original Benchmark Rate does not appear on the Screen Page as at such time on the relevant Interest Determination Date, but no Benchmark Event has occurred, the "Reference Rate" on the relevant Interest Determination Date will be the Reference Bank Rate.
If the Reference Bank Rate cannot be determined in accordance with the definition of such term, but no Benchmark Event has occurred, the "Reference Rate" shall be the Original Benchmark Rate on the Screen Page on the last day preceding the Interest Determination Date on which such Original Benchmark Rate was displayed.
Initially the "Reference Rate" for each Interest Period will be the Original Benchmark Rate on the relevant Interest Determination Date.

More Definitions of Original Benchmark Rate

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).