Replacement Index shall have the meaning specified in Section 4.6(a) [Successor LIBOR Rate Index].
Replacement Index has the meaning as specified in § 24.2 (Market Disruption);
Replacement Index means, as of the relevant Index Transition Date and thereafter until a subsequent Index Transition Date or the Maturity Date, the first alternative Index set forth in the order below that the Buyer determines is available, appropriate for the transaction and consistent with Market Practice:
Examples of Replacement Index in a sentence
Lender will notify Borrower in writing (a “Transition Notice”) setting forth the Replacement Index, the new applicable rate, the date the same will become effective (the “Term SOFR Transition Date”) and the manner in which the applicable rate will be periodically reset (which shall be no less than once each month) based upon changes in the Replacement Index.
Notwithstanding the foregoing and unless there is an interest rate swap or other hedging instrument in place in connection with this Agreement, if the Replacement Index is less than zero, then the Replacement Index shall be deemed to be zero.
More Definitions of Replacement Index
Replacement Index means the maternal index produced by the ICBF and as subject to any future amendment.
Replacement Index means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent on the applicable Replacement Index Date:
Replacement Index means a reasonable alternative index selected by Lender comparable in function and effect to the LIBOR Rate that is generally then prevailing for comparable loans made by similar commercial lenders.
Replacement Index shall have the meaning assigned to such term in Section 4.3(c)(i).
Replacement Index means, in relation to any Interest Period, the rate (expressed as a percentage) that is calculated as:(Index Level / Base Index) -1Annex CSubscription and Settlement Process
Replacement Index has the meaning set forth in Section 3.02(b).
Replacement Index has the meaning set forth in Section 2(f).