Underlying Benchmark definition

Underlying Benchmark means, in respect of an RFR, the index, benchmark or other price source that is referred to in such RFR. References in these Terms and Conditions to the applicable Underlying Benchmark shall be construed as references to the Underlying Benchmark that applies pursuant to the foregoing in respect of the applicable RFR.
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Underlying Benchmark means SOFR.
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Underlying Benchmark means, with respect to any existing or proposed LIBOR Loan, the LIBOR Offered RateUnadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. “United States” and “U.S.” mean the United States of America. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “Valuation Report” means a report by the Borrower, as of the close of business on a particular date, listing each security and other investment of the Borrower and the value thereof. “Value” has the meaning assigned to such term in Section 2(a)(41) of the Investment Company Act. USA.605252047.1/MPD 25
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More Definitions of Underlying Benchmark

Underlying Benchmark means, with respect to any existing or proposed LIBOR Loan, the LIBOR Offered Rate.
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Related to Underlying Benchmark

  • SOFR Benchmark means SOFR, provided that if a SOFR Benchmark Transition Event and its related SOFR Benchmark Replacement Date have occurred with respect to SOFR or such other then-current SOFR Benchmark, then "SOFR Benchmark" means the applicable SOFR Benchmark Replacement;

  • Benchmarked Price means the higher of:

  • Benchmarked Rates means the Framework Prices for the Benchmarked Goods and/or Services

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.