Screen Rate Replacement Event means, in relation to a Screen Rate:
Screen Rate Replacement Event means, in relation to a Screen Rate: (a) the methodology, formula or other means of determining that Screen Rate has, in the opinion of the Lender and the Borrowers materially changed;
Screen Rate Replacement Event means (i) in the reasonable opinion of the Purchaser, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that (a) it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator) or (b) such Screen Rate may no longer be used or shall be indefinitely or permanently discontinued. Second Restatement Date means 20 July 2020.
Examples of Screen Rate Replacement Event in a sentence
Minimum slopes in ditch or swale centerlines shall be 0.5 percent.
Points of Entry: • Process Employee Level 5; or • Proven and demonstrated skills (including, as appropriate, Industry Certificates) to the level required of this grade.
There can be no assurance that the applicable fall-back provisions under the Swap Agreement would operate so as to ensure that the base floating interest rate used to determine payments under the Swap Transaction is the same as that used to determine interest payments under the Rated Notes, or that any such amendment made pursuant to a Screen Rate Replacement Event would allow the Swap Transaction to effectively mitigate interest rate risks on the Rated Notes.
More Definitions of Screen Rate Replacement Event
Screen Rate Replacement Event means (i) in the reasonable opinion of the Purchaser, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that (a) it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator) or (b) such Screen Rate may no longer be used or shall be indefinitely or permanently discontinued. Shortfall means, with respect to the Ledger between the Purchaser and the relevant Originator and Servicer, the shortfall of the Available Amount calculated with respect to the other Originator and Servicer, to fully satisfy the payments or internal allocations due under Clause 8(a)(i) through 8(a)(ix)(included) or Clause 8(b)(i) through 8(b)(x)(included). Signing Date means the execution date of this Agreement.
Screen Rate Replacement Event means any of the following events or series of events:
Screen Rate Replacement Event means, in relation to the Screen Rate:(A) the methodology, formula or other means of determining the Screen Rate has, in the opinion of the Majority Lenders and the Borrower, materially changed; (B)
Screen Rate Replacement Event means (i) in the reasonable opinion of the Bank, the methodology, formula or other means of determining the Screen Rate has materially changed or (ii) the administrator of a Screen Rate announces that it is insolvent or that it shall cease to provide the Screen Rate (and there is no successor administrator), that the Screen Rate may no longer be used or shall be indefinitely or permanently discontinued or (iii) the supervisor or administrator of such Screen Rate publicly announces that Screen Rate is no longer or, as of a specified future date will no longer