Rate Replacement Event definition

Rate Replacement Event means, with respect to the Reference Rate, each of the following events:
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Rate Replacement Event means, with respect to the Reference Rate:
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Rate Replacement Event means, with respect to a Floating Rate:
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Examples of Rate Replacement Event in a sentence

  • If a Replacement Rate, an Adjustment Spread, if any, or the Rate Replacement Adjustments cannot be determined, the rate of interest for the relevant interest period will be the rate of interest applicable as at the last preceding interest determination date before the occurrence of the Rate Replacement Event, or, where the Rate Replacement Event occurs before the first interest determination date, the rate of interest will be the initial rate of interest.

  • Applying the initial rate of interest, or the rate of interest applicable as at the last preceding interest determination date before the occurrence of the Rate Replacement Event could result in Notes linked to or referencing the relevant Benchmark performing differently (which may include payment of a lower rate of interest) than they would do if the relevant Benchmark were to continue to apply, or if a Replacement Rate could be determined.

  • Furthermore, the Issuer has a right for termination in the case of Floating Rate Notes if a Replacement Rate, an Adjustment Spread, if any, or the Replacement Rate Adjustments cannot be determined following a Rate Replacement Event as set out in the Terms and Conditions.

  • Furthermore, the relevant Issuer has a right for termination in the case of Floating Rate Notes if a Replacement Rate, an Adjustment Spread, if any, or the Replacement Rate Adjustments cannot be determined following a Rate Replacement Event as set out in the Terms and Conditions.

  • In the event that the 4-year Swap Rate does not appear on the Screen Page on the relevant Reset Determination Date (but no Screen Rate Replacement Event has occurred after the previous Reset Determination Date, if any), the 4-year Swap Rate will be the Reference Bank Rate on such Determination Date.

  • There can be no assurance that the applicable fall-back provisions under the Swap Agreement would operate so as to ensure that the base floating interest rate used to determine payments under the Swap Transaction is the same as that used to determine interest payments under the Rated Notes, or that any such amendment made pursuant to a Screen Rate Replacement Event would allow the Swap Transaction to effectively mitigate interest rate risks on the Rated Notes.

  • Amount to be confirmed on the Effective Date with EFi In the event that the 4-year Swap Rate does not appear on the Screen Page on the relevant Reset Determination Date (but no Screen Rate Replacement Event has occurred after the previous Reset Determination Date, if any), the 4-year Swap Rate will be the Reference Bank Rate on such Determination Date.

  • On or after the occurrence of a Benchmark Rate Replacement Event, the Dividend Rate shall be the Replacement Benchmark Rate once determined by the Calculation Agent and announced via SENS.

  • Treatment of Like-Kind Exchanges Prior to theTCJAEffective for exchanges completed after December 31, 2017, the non-recognition of gain or loss on “like-kind exchanges” is only permitted on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property.

  • The Bank’s right to replace the Interest Reference Rate In the event of an Interest Reference Rate Replacement Event, the Bank will, where it is possible to do so, give the Borrower at least two months’ notice in writing that the Interest Reference Rate will be replaced by the Replacement Interest Reference Rate together with the date it will take effect.


More Definitions of Rate Replacement Event

Rate Replacement Event means, in relation to the Relevant Rate:
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Rate Replacement Event means, with respect to the Rate of Interest (or for the purpose of this § 3 [(8)] (a) and (b), the Replacement Rate, as the case may be) each of the following events:
Sample 1Sample 2
Rate Replacement Event means, in relation to any Current Rate:
Sample 1

Related to Rate Replacement Event

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Payment Event means any of the following:

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • 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.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Disruption Event means either or both of:

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.