Reference Rate Transition Event means the occurrence of one or more of the following events with respect to the Reference Rate then in effect:
Reference Rate Transition Event means the occurrence of one or more of the following events with respect to any then-current Reference Rate:
Reference Rate Transition Event will be deemed to have occurred with respect to any Reference Rate if a public statement or publication of information set forth above has occurred with respect to each then-current available tenor of such Reference Rate (or the published component used in the calculation thereof).
Examples of Reference Rate Transition Event in a sentence
Reference Rate+ [●]%* * The Reference Rate for the 2019 Replacement Notes will initially be LIBOR, but may change if there is a Reference Rate Transition Event.
More Definitions of Reference Rate Transition Event
Reference Rate Transition Event means the occurrence of one or more of the following events with respect to the Reference Rate then in effect: (a) a public statement or publication of information by or on behalf of the administrator of such Reference Rate announcing that such administrator has ceased or will cease to provide such Reference Rate, permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Reference Rate; (b) a public statement or publication of information by the Governmental Authority governing or regulating the administrator of such Reference Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the then-current administrator for such Reference Rate, a resolution authority with jurisdiction over the then-current administrator for such Reference Rate or a court or an entity with similar insolvency or resolution authority over the administrator for such Reference Rate, which in any case states that the then-current administrator of such Reference Rate has ceased or will cease to provide such Reference Rate permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Reference Rate; or