Examples of Switchover Date in a sentence
Unless otherwise noted, information in this section was obtained from The Vanadium International Technical Committee, “Vanadium Production,” http://vanitec.org/vanadium/vanadium‐production‐2/ , accessed December 2, 2014 and John Macdonald, NiPlats Australia Limited, Green Leader Equities Research, June 24, 2010.
In these Terms and Conditions unless the context otherwise requires: Annual Minimum Call Spend The minimum annual sum of money that will be spent by the Customer on Call and Line Charges commencing on the Switchover Date or any anniversary thereafter during the term of the Contract Business Customer any customer Microcare makes this Contract with in respect of with where the Service is to be provided to a place of business for business purposes.
In other words, you would only start making interest payments based on the relevant alternative reference rates from the first interest reset date on or after the Switchover Date.
Therefore, we will transition USD LIBOR-linked Facilities to Term SOFR from the Switchover Date and any references to “Selected SOFR Rate” in your Facility will mean Term SOFR.
However, to the extent that your Facility is affected by the switch, you may not be required to make payments based on the relevant alternative reference rates immediately from the Switchover Date.
After the S&P CDO Monitor Switchover Date, the Collateral Manager may not elect to use the S&P CDO Monitor in determining compliance with the S&P CDO Monitor Test.
The Digital Switchover Date shall be 31 December 2012, or such other date as may be fixed for Digital Switchover by the Secretary of State or as may be agreed between Ofcom and the Licensee subsequent to the Commencement Date.
Additionally, due to operational reasons from 1 July 2021 we may have mutually agreed in a Drawdown Form or an Amendment Form that you will pay a fixed rate for CHF and JPY advances, even though your underlying contract references LIBOR (see FAQ 15).The Switchover Date represents the date on which the rate change becomes contractually effective, but you might not be required to make payments based on ARRs immediately from that date if you have an outstanding advance.
If we made you an advance under a LIBOR-linked product before the Switchover Date, and the Switchover Date falls in the middle of an interest period, you will pay interest based on your current reference rate (LIBOR or a fixed rate) for the remainder of that interest period.
The Parties shall meet promptly thereafter to finalize a mutually agreed transition plan and Switchover Date.