Reference Rate Replacement Event definition

Reference Rate Replacement Event means, in relation to a Reference Rate:
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Reference Rate Replacement Event means, inrelation to a Reference Rate:
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Reference Rate Replacement Event means, in
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Examples of Reference Rate Replacement Event in a sentence

  • Occurrence of a Reference Rate Replacement Event as defined in the General Terms.

  • Any Replacement Reference Rate shall apply from and including such date as the Company in its sole discretion determines, provided that such date is not earlier than the date of the Reference Rate Replacement Event.

  • In the absence of an Officially Determined Replacement Reference Rate, the Company will use the Market Standard Replacement Reference Rate closest to the nature of the Reference Rate and the contract or transaction affected by the Reference Rate Replacement Event, or in its absence, the Replacement Reference Rate determined on the basis of General Market Practice (see definition below).

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

  • 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.

  • The Company may (but shall not be obliged to) determine the Replacement Reference Rate in relation to the same Reference Rate Replacement Event on more than one occasion in its sole discretion if a later determination is more appropriate to the nature of the Reference Rate and the contract or transaction affected by the Reference Rate Replacement Event than the earlier determination.

  • If there is no Officially Determined Replacement Reference Rate, Market Standard Replacement Reference Rate or Replacement Reference Rate determined on the basis of General Market Practice as set out above, the Company may determine a replacement for the Reference Rate affected by the Reference Rate Replacement Event.

  • The above shall apply mutatis mutandis in the event that a Reference Rate Replacement Event occurs in relation to a Replacement Reference Rate previously determined by the Company.


More Definitions of Reference Rate Replacement Event

Reference Rate Replacement Event means, the occurrence of the following:
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Related to Reference Rate Replacement Event

  • FX Market Disruption Event means each of the following events:

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

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • 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.

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

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Significant Event means any Amortization Event or Event of Default.

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

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

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

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

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

  • Adjustment Event means each of the following events: