OBFR Index Cessation Event definition
OBFR Index Cessation Event means the occurrence of one or more of the following events:
OBFR Index Cessation Event means the occurrence of one or more of the following events: (a) a public statement by the Federal Reserve Bank of New York (or a successor administrator of the OBFR) announcing that it has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to provide OBFR; or (b) the publication of information which reasonably confirms that the Federal Reserve Bank of New York (or a successor administrator of OBFR) has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to publish or provide OBFR; or (c) a public statement by a U.S. regulator or other U.S. official sector entity prohibiting the use of OBFR that applies to, but need not be limited to, all swap transactions, including existing swap transactions.
OBFR Index Cessation Event means, in respect of OBFR:
More Definitions of OBFR Index Cessation Event
OBFR Index Cessation Event means the occurrence of one or more of the fol- lowing events:
OBFR Index Cessation Event means that occurrence of one or more of the following events:
(a) a public statement by the Federal Reserve Bank of New York (or a successor administrator of OBFR) announcing that it has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to provide OBFR;
(b) the publication of information which reasonably confirms that the Federal Reserve Bank of New York (or a successor administrator of OBFR) has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at that time, there is no successor administrator that will continue to provide OBFR; or
(c) a public statement by a regulator or other official sector entity prohibiting the use of OBFR that applies to, but need not be limited to, all swap transactions, including existing swap transactions;
OBFR Index Cessation Event means the