Benchmark Replacement Date

Example Definitions of "Benchmark Replacement Date"
Benchmark Replacement Date. The earlier to occur of the following events with respect to LIBO Rate: (1) in the case of clause (A) or (B) of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of LIBO Rate permanently or indefinitely ceases to provide LIBO Rate or (2) in the case of clause (C) of the definition of "Benchmark Transition Event," the date of the public statement or... publication of information referenced therein View More
Benchmark Replacement Date. The earlier Means the earliest to occur of the following events with respect to LIBO Rate: (1) in LIBOR: (a)in the case of clause (A) (a) or (B) (b) of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of LIBO Rate LIBOR permanently or indefinitely ceases to provide LIBO Rate or (2) in LIBOR; (b)in the case of clause (C) (c) of the definition of "Benchmark... Transition Event," the date of the public statement or publication of information referenced therein therein; or (c)in the case of clause (d) of the definition of "Benchmark Transition Event," the date of Bank's notice thereof. View More
Benchmark Replacement Date. The earlier to occur of the following events with respect to the LIBO Rate: (1) Rate or the EURIBO Rate, as applicable: (a) in the case of clause (A) (a) or (B) (b) of the definition of "Benchmark Transition Event," Event", the later of (a) (i) the date of the public statement or publication of information referenced therein and (b) (ii) the date on which the administrator of the LIBO Rate or the EURIBO Rate, as applicable, permanently or indefinitely ceases to provide the LIBO Rate or (2) the... EURIBO Rate, as applicable; or (b) in the case of clause (C) (c) of the definition of "Benchmark Transition Event," Event", the date of the public statement or publication of information referenced therein View More
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Benchmark Replacement Date. Means the earliest to occur of the following events with respect to the then-current Benchmark: (a) in the case of clause (a) or (b) of the definition of "Benchmark Transition Event", the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or... such component thereof); or (b) in the case of clause (c) of the definition of "Benchmark Transition Event", the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of such Benchmark (or such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative or non-compliant with or non-aligned with the International Organization of Securities Commissions' ("IOSCO") Principles for Financial Benchmarks; provided that such non-representativeness, non-compliance or non-alignment will be determined by reference to the most recent statement or publication referenced in such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. For the avoidance of doubt, the "Benchmark Replacement Date" will be deemed to have occurred in the case of clause (a) or (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). View More
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