Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.
Successor Reference Rate means the rate which has been formally published, endorsed, approved, recommended or recognised as a successor or replacement to the relevant Reference Rate by any Relevant Nominating Body;
Successor Reference Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.
Examples of Successor Reference Rate in a sentence
Investors should note that, in the case of Relevant Instruments, the relevant Independent Adviser or the Issuer (as applicable) will have discretion to adjust the relevant Successor Reference Rate or Alternative Reference Rate (as applicable) in the circumstances described above.
No consent of the Holders shall be required in connection with effecting any relevant Successor Reference Rate or Alternative Reference Rate (as applicable) or any other related adjustments and/or amendments described above.
An Adjustment Spread shall be determined by the relevant Issuer and shall be applied to such Successor Reference Rate or Alternative Reference Rate, as the case may be.
In addition, the relevant Independent Adviser or the Issuer (as applicable) may also determine (acting in good faith and in a commercially reasonable manner) that other amendments to the Terms and Conditions of the Instruments are necessary in order to follow market practice in relation to the relevant Successor Reference Rate or Alternative Reference Rate (as applicable) and to ensure the proper operation of the relevant Successor Reference Rate or Alternative Reference Rate (as applicable).
More Definitions of Successor Reference Rate
Successor Reference Rate means the rate that the Issuer (following consultation with an Independent Adviser (if applicable)) determines is a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body;
Successor Reference Rate means the rate: (i) that the Issuer determines is a successor to or replacement of the Reference Rate and (ii) that is formally recommended by any Relevant Nominating Body.
Successor Reference Rate means the rate that the relevant Independent Adviser or the Issuer (as applicable) determines is a successor to or replacement of the relevant Original Reference Rate which is formally recommended by any Relevant Nominating Body.
Successor Reference Rate means a successor to or the replacement of the Original Reference Rate or, where a Successor Reference Rate or an Alternative Reference Rate has been determined in accordance with Condition 5(l)(A), such Successor Reference Rate or an Alternative Reference Rate, as applicable, which is formally recommended or formally provided as an option for parties to adopt, by any Relevant Nominating Body.
Successor Reference Rate means the rate that the Bank, following consultation with the relevant Independent Adviser (if applicable), (acting in good faith and in a commercially reasonable manner) determines is a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body;
Successor Reference Rate means the rate that the relevant Independent Adviser or the Issuer (as applicable) determines is a successor to or replacement for the Original Reference Rate which is formally recommended by any Relevant Nominating Body; and Swap Providers means each Currency Swap Provider and each Interest Rate Swap Provider. AGENT Citibank N.A, London Branch Citigroup Centre Canada Square Xxxxxx Xxxxx Xxxxxx X00 0XX and/or any other or further Agent or Paying Agents and/or specified offices as may from time to time be duly appointed by the Issuer and notice of which has been given to the Noteholders. SCHEDULE 3 FORM OF DEED OF COVENANT DEED OF COVENANT DATED 1 OCTOBER 2015 EIKA BOLIGKREDITT AS €20,000,000,000 EURO MEDIUM TERM COVERED NOTE PROGRAMME THIS DEED OF COVENANT is made on 1 October 2015 by Eika Boligkreditt AS (the Issuer) in favour of the account holders or participants specified below of Clearstream Banking, société anonyme (Clearstream, Luxembourg), Euroclear Bank SA/NV (Euroclear) and/or any other additional clearing system or systems as is specified in Part B of the Final Terms or the Pricing Supplement, as applicable, relating to any Note (as defined below) (each a Clearing System).
Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body. (vi) Minimum Rate of Interest and/or Maximum Rate of Interest If the applicable Final Terms specify a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the above provisions is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest. For the avoidance of doubt, the Minimum Rate of Interest shall not be less than zero. If the applicable Final Terms specify a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the above provisions is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest. (vii) Determination of Rate of Interest and calculation of Interest Amounts The Agent will, at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the "Interest Amount") payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to: