Rate Event definition

Rate Event means any increase in the Dividends Tax Rate above 15% (fifteen per cent) (which is the rate at which the Dividends Tax was levied on the Tax Reference Date);

Rate Event means, in respect of an Original Reference Rate:

Rate Event. For any Series of Certificates, as specified in the applicable Supplement.

Examples of Rate Event in a sentence

• Upon the occurrence of an Alternative Rate Event, the Trustee shall have no responsibility for the determination of any alternative index or the calculation of the Certificate Interest Rates for the COFI Certificates.

• There is no certainty as to when a Reference Rate Event may occur.

• In the case of a Floating Rate Bearer Note, the Initial Interest Rate (if known at such time), the Interest Payment Dates, the Interest Payment Period, the Calculation Agent, the Base Rate, the Index Maturity, the Interest Reset Period, the Interest Determination Date, the Interest Reset Dates, the Spread or Spread Multiplier (if any), the Minimum Interest Rate (if any), the Maximum Interest Rate (if any), the Alternate Rate Event Spread (if any) and the Floating Day Count Fraction.

• Whether a Reference Rate Event has occurred will be determined by the Calculation Agent.Investors should be aware that a change (whether material or not) to the definition, methodology or formula for a Reference Rate, or other means of calculating such Reference Rate will not, unless otherwise specified in the applicable Issue Terms, constitute a Reference Rate Event.

• A Reference Rate Event is expected to occur if the benchmark ceases or if the administrator of the Reference Rate ceases to have the necessary authorisations.

• If the Calculation Agent has delivered a Reference Rate Event Notice and the Notes have not yet been redeemed, there will be a period for which no benchmark is available for the Notes.

• If a Series references a benchmark, there is a risk that a Reference Rate Event occurs in respect of such benchmark.

• For the avoidance of doubt, any Alternative Rate Conforming Changes in any amendment to this Agreement may be retroactive (including retroactive to the date of an Alternate Rate Event) and this Agreement may be amended more than once in connection with Alternative Rate Conforming Changes; provided, that no such retroactive Alternative Rate Conforming Change shall alter any interest payment previously paid.

• The applicable benchmark for determining any such suspended amounts will be the alternative benchmark identified by the Calculation Agent (as adjusted by any adjustment spread) and not the benchmark in respect of which the Reference Rate Event has occurred.If an alternative benchmark and adjustment spread are not identified, the Notes shall redeem at their Early Redemption Amount and no other amount (including any suspended amounts or any interest thereon) shall be payable in respect of the Notes.

• If no Reference Rate Event were to occur in respect of LIBOR, after 2021 there is a significant risk that LIBOR will cease to be an appropriate benchmark to reference in financial products such as the Notes.

More Definitions of Rate Event

Rate Event means any event set forth in the Amended Partnership Agreement or in Article 3(b)(3) of the Articles Supplementary as a result of which there is required to occur an adjustment to the Preferred Return or the rate of the dividends payable with respect to shares of Company Preferred Stock, as set forth in the Amended Partnership Agreement or the Amended Company Declaration, as the case may be.

Rate Event means any increase in the Dividends Tax Rate above 15% (fifteen per cent) (being the rate at which Dividends Tax is levied as at the date on which this clause 40 was incorporated into the Company’s MOI);

Rate Event means, in respect of a Reference Rate or a Reset Reference Rate: