Benchmark Replacement Adjustment

Example Definitions of "Benchmark Replacement Adjustment"
Benchmark Replacement Adjustment. Means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by Bank giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable... Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities. View More
Found in RGC RESOURCES INC contract
Benchmark Replacement Adjustment. Means, with respect to any replacement of the then-current Benchmark LIBOR with an Unadjusted Benchmark Replacement, Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by Bank giving due consideration to (a) (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for... the replacement of such Benchmark LIBOR with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) Body, (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark LIBOR with the applicable Unadjusted Benchmark Replacement for Dollar-denominated similar U.S. dollar-denominated syndicated or bilateral credit facilities. facilities at such time, and/or (iii) prevailing liquidity or credit spreads at the time the Benchmark Replacement Adjustment is calculated. View More
Found in GOLDFIELD CORP contract
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