Reference Rate Amendment definition

Reference Rate Amendment. A supplemental indenture to be executed by the Issuers and the Trustee at the direction of the Collateral Manager to elect a Benchmark with respect to the Floating Rate Notes (and make related changes advisable or necessary in the judgment and as determined by the Collateral Manager to implement the use of such replacement rate) pursuant to Section 8.1(a)(xxiv).
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Reference Rate Amendment. The meaning specified in Section 8.1(xxiii).
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Reference Rate Amendment has the meaning set forth in Section 17.2.
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Examples of Reference Rate Amendment in a sentence

  • With respect to (a) Floating Rate Notes, the greater of (x) zero and (y)(i) LIBOR or (ii) the Alternative Reference Rate adopted in accordance with a Reference Rate Amendment (as such rate may be modified in accordance with the terms thereof) and (b) any Floating Rate Obligation, the reference rate applicable to such Collateral Obligation calculated in accordance with the related Underlying Instruments.

  • Any reference rate (including any Designated Reference Rate) adopted under this Indenture as the replacement for LIBOR with respect to the Class A-1 Notes in a Reference Rate Amendment or otherwise (including pursuant to the last paragraph of the definition of "LIBOR").

  • With respect to the Class A-1 Notes, the greater of (x) zero and (y) (i) LIBOR, (ii) the Designated Reference Rate designated by the Collateral Manager in accordance with the definition thereof or (iii) the Reference Rate Replacement Rate adopted in a Reference Rate Amendment.

  • The second London Banking Day preceding the first day of each Interest Accrual Period (or, in the case of a Reference Rate other than LIBOR, such other date specified in a Reference Rate Amendment or otherwise specified in connection with the designation of such Alternative Reference Rate as the Reference Rate in accordance herewith)..

  • The second London Banking Day preceding the first day of each Interest Accrual Period (or, in the case of a Reference Rate other than LIBOR, such other date specified in a Reference Rate Amendment or otherwise specified in connection with the designation of such Alternative Reference Rate as the Reference Rate in accordance herewith).

  • The reference rate adopted in a Reference Rate Amendment, which may include a Reference Rate Modifier.

  • With respect to the Floating Rate Notes, the greater of (x) zero and (y) (i) initially, LIBOR; (ii) upon written notice by the Collateral Manager certifying to the Trustee (who will forward such certification to the Holders and the Rating Agency) and the Collateral Administrator that the conditions specified under the definition of Benchmark Replacement Rate have been satisfied, the Benchmark Replacement Rate; or (iii) upon the adoption of a Reference Rate Amendment, any Alternative Reference Rate.

  • The Issuer, subject to the foregoing, will waive and release any and all claims, and the Indenture will provide that the Holders will be deemed to have waived and released any and all claims, with respect to any action taken or omitted to be taken with respect to an alternative reference rate, including, without limitation, determinations as to the selection of an alternative Reference Rate, and the implementation of any Reference Rate Amendment.

  • A single reference rate (which may include a Reference Rate Modifier) that is used in calculating the interest rate of at least 50% of the par amount of (a) quarterly pay Floating Rate Obligations or (b) floating rate notes issued in the preceding three months in new issue collateralized loan obligation transactions, in each case as determined by the Portfolio Manager as of the first day of the Interest Accrual Period during which the Reference Rate Amendment is proposed.

  • Any reference rate (including any Designated Reference Rate) adopted under this Indenture as the replacement for LIBOR in a Reference Rate Amendment or otherwise.


More Definitions of Reference Rate Amendment

Reference Rate Amendment. The meaning specified in Section 8.1(xxiii). “Reference Rate Floor Obligation”: As of any date of determination, a Floating Rate Obligation (a) the interest in respect of which is paid based on the Reference Rate and (b) that provides that such rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the Reference Rate for the applicable interest period for such Collateral Obligation. “Refinancing”: A loan or an issuance of replacement securities, whose terms in each case will be negotiated by the Issuer or, upon request of the Issuer, by the Collateral Manager on behalf of the Issuer, from one or more financial institutions or purchasers to refinance the Debt in connection with an Optional Redemption. “Refinancing Obligation”: Each loan or replacement security issued in connection with a Refinancing. “Refinancing Proceeds”: The net Cash proceeds from a Refinancing. “Regional Diversity Measure”: As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Region Classification, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to
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Reference Rate Amendment. A supplemental indenture to modify the Reference Rate.
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Reference Rate Amendment. A supplemental indenture to elect an Alternative Reference Rate with respect to the Floating Rate Notes (and make related changes advisable or necessary to implement the use of such replacement rate, including any Benchmark Replacement Rate Adjustment) pursuant to Section 8.1(xxvii).
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Reference Rate Amendment. A supplemental indenture to elect a non-Term SOFR reference rate with respect to the Floating Rate Debt (and make related changes advisable or necessary to implement the use of such replacement rate) as described in Section 8.3.
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Related to Reference Rate Amendment

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Reference Rate means the rate specified as such hereon.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).