SOFR Benchmark Transition Event definition

SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

SOFR Benchmark Transition Event means, with respect to the then-current SOFR Benchmark, the occurrence of one or more of the following events with respect thereto:

SOFR Benchmark Transition Event means the occurrence of a SOFR Benchmark Event with respect to the then-current SOFR Benchmark;

Examples of SOFR Benchmark Transition Event in a sentence

• If the Issuer determines on or prior to the relevant Reference Time that a SOFR Benchmark Transition Event and its related SOFR Benchmark Replacement Date have occurred with respect to the then current Benchmark, the Benchmark Replacement will replace the then current Benchmark for all purposes relating to the Notes in respect of such determination on such date and all determinations on all subsequent dates.

• The approach adopted by the site will be tailored to adolescents, utilizing a variety of supporting materials, and may be spread over multiple sessions to foster sufficient understanding of the study prior to making the decision to take part.

• Many city youngsters watch television programs broadcast by satellite and listen to popular music on the radio.

• Upon the occurrence of a SOFR Benchmark Transition Event, Section 3.02 provides a mechanism for determining an alternative rate of interest.

• Any such amendment with respect to a Term SOFR Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Agent has posted such proposed amendment to all affected Lxxxxxx and Borrower so long as the Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Requisite Lenders.

More Definitions of SOFR Benchmark Transition Event

SOFR Benchmark Transition Event means the occurrence of a Benchmark Event (as defined in Condition 5.3(i)) with respect to the then- current Benchmark (as defined in Condition 5.3(i));

SOFR Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then current Benchmark (including the daily published component used in the calculation thereof):

SOFR Benchmark Transition Event means the occurrence of a Benchmark Event (as defined in Condition 5.11) with respect to the then-current SOFR Benchmark;

SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current SOFR Benchmark, whereby references to “Relevant Benchmark” in the definition of “Benchmark Transition Event” shall be deemed to be references to the then-current SOFR Benchmark; and

SOFR Benchmark Transition Event means the occurrence of a SOFR Benchmark Event with respect to the then-current SOFR.

SOFR Benchmark Transition Event the later of (a) the date of the public statement or publication of information referenced therein 91 #95598837v24

SOFR Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current benchmark (including the daily published component used in the calculation thereof): (1) if the Reference Rate is Three-Month Term SOFR, (a) the Relevant Governmental Body has not selected or recommended a forward-looking term rate for a tenor of three months based on SOFR, (b) the development of a forward-looking term rate for a tenor of three months based on SOFR that has been recommended or selected by the Relevant Governmental Body is not complete or (c) we determine that theuse of a forward-looking rate for a tenor of three months based on SOFR is not administratively feasible; (2) a public statement or publication of information by or on behalf of the administrator of the Reference Rate (or such component) announcing that such administrator has ceased or will cease to provide the Reference Rate (or such component), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Reference Rate (or such component); (3) a public statement or publication of information by the regulatory supervisor for the administrator of the Reference Rate (or such component), the central bank for the currency of the Reference Rate (or such component), an insolvency official with jurisdiction over the administrator for the Reference Rate (or such component), a resolution authority with jurisdiction over the administrator for the Reference Rate (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for the Reference Rate (or such component), which states that the administrator of the Reference Rate (or such component) has ceased or will cease to provide the Reference Rate (or such component) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Reference Rate (or such component);