XXXXX Benchmark definition

XXXXX Benchmark means, initially, the Term XXXXX Reference Rate or Daily Compounded XXXXX, as the case may be; provided that if a XXXXX Benchmark Transition Event has occurred with respect to the Term XXXXX Reference Rate, Daily Compounded XXXXX, or the then-current XXXXX Benchmark, then “XXXXX Benchmark” means the applicable XXXXX Benchmark Replacement to the extent that such XXXXX Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.03(d)(i).
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Examples of XXXXX Benchmark in a sentence

  • If the XXXXX Benchmark Replacement is Adjusted Daily Compounded XXXXX, all interest payments will be payable on the last day of each XXXXX Interest Period.

  • In connection with the use, administration, adoption or implementation of a XXXXX Benchmark Replacement, the Applicable Administrative Agent will have the right to make XXXXX Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such XXXXX Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

  • The Applicable Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any XXXXX Benchmark Replacement and (ii) the effectiveness of any XXXXX Conforming Changes in connection with the use, administration, adoption or implementation of a XXXXX Benchmark Replacement.

  • The Applicable Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenor of a XXXXX Benchmark pursuant to Section 3.03(d)(iv) and (y) the commencement of any XXXXX Benchmark Unavailability Period.

  • The Administrative Agent will notify the Borrower Representative of (x) the removal or reinstatement of any tenor of a XXXXX Benchmark pursuant to Section 3.07(d) and (y) the commencement of any XXXXX Benchmark Unavailability Period.

  • The Administrative Agent will promptly notify the Borrower and the Banks of (i) the implementation of any XXXXX Benchmark Replacement and (ii) the effectiveness of any XXXXX Conforming Changes in connection with the use, administration, adoption or implementation of a XXXXX Benchmark Replacement.

  • For the document to be valid, both parties to the transaction must sign the contract.

  • The Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenor of a XXXXX Benchmark pursuant to Section 2.13(d) and (y) the commencement of any XXXXX Benchmark Unavailability Period.

  • The Agent will notify the Borrowers of (x) the removal or reinstatement of any tenor of a XXXXX Benchmark pursuant to Section 1.10(4) and (y) the commencement of any XXXXX Benchmark Unavailability Period.

  • If the XXXXX Benchmark Replacement is Daily Compounded XXXXX, all interest payments will be payable on the last day of each Interest Period.

Related to XXXXX Benchmark

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

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

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Replacement Benchmark means a benchmark rate which is:

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Xxxxxxx Group means (a) any member of the Xxxxxxx Family and (b) any Related Person of any such member.

  • Benchmarked Rates means the Framework Prices for the Benchmarked Services;

  • Benchmarked Price means the higher of:

  • Indices means, subject to Adjustment Provisions, the following indices (and each an Index)

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Xxxxxage The mortgage, deed of trust or other instrument securing a Mortgage Note, which creates a first lien, in the case of a First Lien Loan, or a second lien, in the case of a Second Lien Loan, on an unsubordinated estate in fee simple in real property securing the Mortgage Note; except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first or second lien upon a leasehold estate of the Mortgagor.

  • EXXXX means the Commission’s Electronic Data Gathering, Analysis and Retrieval System.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Interpolated Benchmark with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor.

  • Fxxxxx Mxx Federal National Mortgage Association or any successor thereto.

  • ISDA Benchmarks Supplement means the Benchmarks Supplement (as amended and updated as at the date of issue of the first Tranche of the Notes of the relevant Series (as specified in the relevant Final Terms)) published by the International Swaps and Derivatives Association, Inc;

  • Xxxxxx Mae The Government National Mortgage Association, or any successor thereto.

  • DCF means Day Count Fraction;

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;