Replacement Index definition

Replacement Index shall have the meaning specified in Section 4.6(a) [Successor LIBOR Rate Index].
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Replacement Index has the meaning as specified in § 24.2 (Market Disruption);
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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:
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Examples of Replacement Index in a sentence

  • Any reference to the replaced Index in the herein shall be deemed to refer to the Replacement Index.

  • One piece of evidence that the pricing of fuel in smaller markets is commonly indexed to the price in larger spot markets is the reporting of the Spot Replacement Index (SRI) by a major industry source of fuel pricing information.

  • Whenever the Calculation Agent is required to act, make a determination or exercise judgement pursuant to a replacement of the USD SOFR ICE Swap Rate by either the Alternative Post-Nominated Index rate or the Calculation Agent Nominated Replacement Index rate, it shall do so by reference to Relevant Market Data available at, or a reasonable period of time prior to, the time of notification.

  • The Calculation Agent shall notify the Issuer of any determination it makes pursuant to the replacement of the USD SOFR ICE Swap Rate by either the Alternative Post-Nominated Index rate or the Calculation Agent Nominated Replacement Index rate as soon as reasonably practicable after either of these replacement rates first apply and, in any event, at least two Business Days before the Cut-off Date.

  • Under the terms of the Index Swap, upon the valid exercise of the Index Replacement Option, the relevant Index for the purposes of the Index Swap shall be deemed to be such Replacement Index with effect on and after the next following Observation Date under the Index Swap.


More Definitions of Replacement Index

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:
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Replacement Index means the maternal index produced by the ICBF and as subject to any future amendment.
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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.
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Replacement Index shall have the meaning assigned to such term in Section 4.3(c)(i).
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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
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Replacement Index has the meaning set forth in Section 2(f).
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Replacement Index means, for any Available Tenor, as of the relevant Index Transition Date and thereafter until a subsequent Index Transition Date or the Repurchase Date, the first alternative Index set forth in the order below that Buyer determines is available and appropriate for the transaction and consistent with Market Practice:
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