Common use of Benchmark Discontinuation Clause in Contracts

Benchmark Discontinuation. Notwithstanding the provisions in Conditions 4.2 or 4.3, as the case may be, above, (in the case of Floating Rate Notes other than where the Reference Rate is specified in the applicable Final Terms as being Compounded Daily SOFR, in which case the provisions of this Condition 4.4 shall not apply), if the Bank 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 4.4 shall apply.

Benchmark Discontinuation. Notwithstanding the provisions in Conditions 4.2 or 4.36.2, as the case may be, above, (in the case of Floating Rate Notes Covered Bonds other than where the Reference Rate is specified in the applicable Final Terms as being Compounded Daily SOFR, in which case the provisions of this Condition 4.4 6.3 shall not apply), if the Bank 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 4.4 6.3 shall apply.

Benchmark Discontinuation. Notwithstanding the provisions in Conditions 4.2 or 4.3, as the case may be, above, (in the case This Condition 4(e) shall apply to each issue of Floating Rate Notes other than except where the Reference Rate is specified in the applicable Final Terms as being Compounded Daily SOFR, in which case . Notwithstanding the provisions of this in Condition 4.4 shall not apply)4(b) above, if the Bank Issuer (acting in good faith and in a commercially reasonable manner) 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 4.4 4(e) shall apply.