Screen Rate Replacement Event definition

Screen Rate Replacement Event means, in relation to a Screen Rate:
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Screen Rate Replacement Event means, in relation to the Screen Rate:
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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 Agent (acting on the instruction of the Majority Lenders) and the Company, materially changed;
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Examples of Screen Rate Replacement Event in a sentence

  • In the event that the 4-year Swap Rate does not appear on the Screen Page on the relevant Reset Determination Date (but no Screen Rate Replacement Event has occurred after the previous Reset Determination Date, if any), the 4-year Swap Rate will be the Reference Bank Rate on such Determination Date.

  • 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.

  • Amount to be confirmed on the Effective Date with EFi In the event that the 4-year Swap Rate does not appear on the Screen Page on the relevant Reset Determination Date (but no Screen Rate Replacement Event has occurred after the previous Reset Determination Date, if any), the 4-year Swap Rate will be the Reference Bank Rate on such Determination Date.

  • Treatment of Like-Kind Exchanges Prior to theTCJAEffective for exchanges completed after December 31, 2017, the non-recognition of gain or loss on “like-kind exchanges” is only permitted on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property.

  • If a Screen Rate Replacement Event has occurred in relation to the applicable Screen Rate, the Reference Rate shall be determined in accordance with the Screen Rate Replacement Benchmark.

  • Include if the Revised Replacement of Screen Rate in question incorporates the option making its operation contingent on the occurrence of a Screen Rate Replacement Event.

  • 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 Floating Rate 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 Floating Rate Notes.

  • Currently the LMA Screen Rate Replacement language contemplates amendments to be made to the facilities agreements to provide the use of a Replacement Benchmark and consequential changes for implementation of market conventions applicable to that Replacement Benchmark upon occurrence of a Screen Rate Replacement Event.

  • Paragraph (d) of the definition of Screen Rate Replacement Event.

  • We denote the data efficiency to achieve inference accuracy acc as: n(Θ)β == n(H) × n(P ) = NKacc n(Et) n(Et) nt Figure 1: Diagram of STUMP.


More Definitions of Screen Rate Replacement Event

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 (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.
Sample 1
Screen Rate Replacement Event means any of the following events or series of events:
Sample 1
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.
Sample 1
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)
Sample 1

Related to Screen Rate Replacement Event

  • FX Market Disruption Event means each of the following events:

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Screen Rate means the British Bankers’ Association Interest Settlement Rate for dollars for the relevant period, displayed on the appropriate page (being LIBOR 01) of the Reuters screen. If the agreed page is replaced or service ceases to be available, the Agent may specify another page or service displaying the appropriate rate after consultation with the Parent and the Lenders.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Disruption Event means either or both of:

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • LIBO Screen Rate has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);