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.