Benchmark Discontinuation. Notwithstanding the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall apply.
Appears in 8 contracts
Sources: Agency Agreement (Toyota Motor Credit Corp), Agency Agreement (Toyota Motor Credit Corp), Agency Agreement (Toyota Motor Credit Corp)
Benchmark Discontinuation. Notwithstanding the provisions in Condition 4(b) 4.2 above, if the Issuer Issuer, in consultation with the Agent, determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) 4.3 shall apply.
Appears in 3 contracts
Sources: Supplemental Trust Deed, Eighth Supplemental Trust Deed, Seventh Supplemental Trust Deed
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, SARON, AONIA Rate, BBSW Rate or ▇▇▇▇▇.
Appears in 2 contracts
Sources: Agency Agreement (Toyota Motor Credit Corp), Agency Agreement
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, AONIA Rate, BBSW Rate or ▇▇▇▇▇.
Appears in 1 contract
Sources: Agency Agreement
Benchmark Discontinuation. Notwithstanding Subject to the provisions in Condition 4(b) above, if the Issuer determines that a Benchmark Event has occurred in relation to an Original Reference Rate when any Rate of Interest (or any component part thereof) remains to be determined by reference to that Original Reference Rate, then the following provisions of this Condition 4(c) shall applyapply with the exception of SOFR, AONIA Rate, BBSW Rate or C▇▇▇▇.
Appears in 1 contract