Reference Rate Determination Agent definition

Reference Rate Determination Agent means a financial institution of international repute or an adviser of recognised standing with appropriate expertise, at all times acting in good faith and in a commercially reasonable manner, appointed by the Issuer at its own expense under Condition 6(c)(iv)(A) (which may be one of the Dealers involved in the issue of the Covered Bonds and/or the Calculation Agent).
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Reference Rate Determination Agent means an independent financial institution of international repute or an independent adviser of recognised standing with appropriate expertise, at all times acting in good faith and in a commercially reasonable manner, appointed by the Issuer at its own expense under Condition 5(c)(iii)(B)(d).
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Reference Rate Determination Agent means a person chosen by the Issuer for the purposes of determining in a commercially reasonable manner whether, pursuant to Condition 7(e) (Benchmark replacement), a substitute or successor rate that is substantially comparable to the discontinued Reference Rate is available and which may be:
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Examples of Reference Rate Determination Agent in a sentence

  • If the Reference Rate Determination Agent determines that there is an industry accepted successor rate, the Reference Rate Determination Agent will use such successor rate to determine the Original Reference Rate.

  • Any exercise of discretion by the Issuer or an affiliate of the Issuer, as the Reference Rate Determination Agent, could present a conflict of interest.

  • The Reference Rate Determination Agent appointed by the Issuer may be an affiliate of the Issuer or one of the Dealers or, the Issuer.

  • If the Reference Rate Determination Agent is unable to determine an appropriate Replacement Reference Rate for any discontinued Reference Rate or if the Issuer is unable to appoint the Reference Rate Determination Agent, then the provisions for the determination of the rate of interest on the affected Notes will not be changed.

  • If the Reference Rate Determination Agent determines that there is a Replacement Reference Rate, the Reference Rate Determination Agent will notify the Calculation Agent of the Replacement Reference Rate to be used by the Calculation Agent to determine the Rate of Interest.

  • Investors should note that any Reference Rate Determination Agent will have discretion to adjust the replacement rate (as applicable) in the circumstances described above.

  • In no event shall the Calculation Agent be responsible for determining any Replacement Reference Rate and the Calculation Agent will be entitled to conclusively rely on any determinations made by the Issuer or the Reference Rate Determination Agent and will have no liability for such actions taken at the direction of the Issuer or the Reference Rate Determination Agent.

  • If the Reference Rate Determination Agent determines that there is an industry accepted successor rate, the Reference Rate Determination Agent will notify the Calculation Agent of such successor rate to be used by the Calculation Agent to determine the Rate of Interest.

  • If the Reference Rate Determination Agent is unable to or otherwise does not determine a substitute Replacement Reference Rate, then the last known Replacement Reference Rate will apply.

  • If the Reference Rate Determination Agent is unable to or otherwise does not determine a substitute Replacement Reference Rate, the Issuer shall notify the Noteholders, the Fiscal Agent, the relevant Paying Agent and the Calculation Agent no later than the Reset Determination Cut-off Date and, the last known Replacement Reference Rate will apply.


More Definitions of Reference Rate Determination Agent

Reference Rate Determination Agent means either (i) an independent financial institution of international repute or other independent financial adviser experienced in the international debt capital
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Reference Rate Determination Agent means The Bank of New York Mellon.
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Related to Reference Rate Determination Agent

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent).

  • Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is not XXXXX or SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.

  • Currency Determination Agent means the agent, if any, from time to time selected by the Trustee for purposes of Section 3.10; provided that such agent shall accept such appointment in writing and the terms of such appointment shall be acceptable to the Company and shall, in the opinion of the Company and the Trustee at the time of such appointment, require such agent to make the determinations required by this Indenture by a method consistent with the method provided in this Indenture for the making of such decision or determination.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Calculation Agent means the Calculation Agent as specified in § 2 (2) of the General Conditions.

  • Reference Rate means the rate specified as such hereon.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Determination Agent means Calculation Agent Services LLC and any successor or replacement thereto or any other entity appointed as determination agent in accordance with the terms of the Determination Agency Agreement.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;