USD Benchmark definition

USD Benchmark means, initially, with respect to compounded SOFR notes and simple average SOFR notes, SOFR; provided, in each case, that if a USD Benchmark Transition Event and related USD Benchmark Replacement Date have occurred with respect to SOFR or the then- current USD Benchmark, then “USD Benchmark” means the applicable USD Benchmark Replacement.

USD Benchmark means the applicable USD Benchmark Replacement to the extent that such USD Benchmark Replacement has replaced such prior benchmark rate. Any reference to “USD Benchmark” shall include, as applicable, the published component used in the calculation thereof.

USD Benchmark means, initially, Compounded SOFR, as such term is defined in Condition 5.03; provided that if the Issuer or the Benchmark Transition Designee determines on or prior to the Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Compounded SOFR (or the published daily SOFR used in the calculation thereof) or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement.

Examples of USD Benchmark in a sentence

• In connection with the implementation of a Benchmark Replacement with respect to any U.S. dollar denominated Floating Rate Covered Bonds calculated by reference to a USD Benchmark, the Issuer or the Benchmark Transition Designee will have the right, subject to satisfaction of the Benchmark Transition Event Conditions, to make Benchmark Replacement Conforming Changes with respect to any U.S. dollar denominated Floating Rate Covered Bonds from time to time.

• Payload The message payload published to the MQTT Broker was an array of bytes initialised to zeros, with a length specified by the configuration.

• If the USD Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

• US Dollar (USD) Benchmark MSCI Emerging Markets Index (Total Return Net) Investment Objective To provide long-term capital growth by investing primarily in emerging market Sustainable Companies or companies that demonstrate improving sustainable characteristics.

• The Administrative Agent will promptly notify Holdings and the Lenders of (i) the implementation of any USD Benchmark Replacement and (ii) the effectiveness of any USD Benchmark Replacement Conforming Changes.

More Definitions of USD Benchmark

USD Benchmark has the meaning assigned to such term in the definition of “Benchmark”.

USD Benchmark means, initially, LIBOR; provided that if a replacement of the USD Benchmark has occurred pursuant to Section 3.08 then “USD Benchmark” means the applicable USD Benchmark Replacement to the extent that such USD Benchmark Replacement has replaced such prior benchmark rate. Any reference to “USD Benchmark” shall include, as applicable, the published component used in the calculation thereof.

USD Benchmark means, initially, USD LIBOR of the appropriate tenor; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current USD Benchmark, then "USD Benchmark" means the applicable Benchmark Replacement."

USD Benchmark means, initially, USD LIBOR; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current USD Benchmark, then “USD Benchmark” means the applicable Benchmark Replacement. Interest Period The period from and including the Interest Commencement Datefor the Secured Notes to but excluding the first Interest Payment Date for the Secured Notes, and each successive period from and including the first day following the end of the preceding Interest Period to but excluding the following Interest Payment Date until the principal of the Secured Notes is paid or made available for payment. Interest period may be adjusted or unadjusted. Day Count Fraction. (i) If “Actual/360” is specified in the applicable Final Terms,the actual number of days in the Interest Period divided by 360. (ii) If “Actual/365” is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365.(iii) If “30/360” is specified in the applicable Final Terms, the number of days in the Interest Period in respect of which payment is being made divided by 360, calculated on a formula basis as follows: Day Count Fraction = [360 × (Y2 – Y1)] + [30 × (M2 – M1)] + [D2 – D1] 360where:

USD Benchmark means, initially, Compounded SOFR, as such term is defined in Condition 4.2; provided that if the Issuer or the USD Benchmark Transition Designee determines on or prior to the USD Reference Time that a USD Benchmark Transition Event and its related USD Benchmark Replacement Date have occurred with respect to Compounded SOFR (or the published daily SOFR used in the calculation thereof) or the then-current USD Benchmark, then “USD Benchmark” means the applicable USD Benchmark Replacement.

USD Benchmark means initially, USD LIBORAdjusted Term SOFR; provided that if a replacement of the USD Benchmark has occurred pursuant to Section 1.16, then “USD Benchmark” means the applicable USD Benchmark Replacement to the extent that such USD Benchmark Replacement has replaced such prior benchmark rate. Any reference to “USD Benchmark” shall include, as applicable, the published component used in the calculation thereof.

USD Benchmark means, initially, (in respect of U.S. dollar LIBOR referenced Floating Rate Notes) U.S. dollar LIBOR or (in respect of SOFR referenced Floating Rate Notes), Compounded SOFR; provided that if a USD Benchmark Transition Event and its related USD Benchmark Replacement Date have occurred with respect to U.S. dollar LIBOR or Compounded SOFR, as applicable, or the then-current USD Benchmark, then “USD Benchmark” means the applicable Benchmark Replacement.