Benchmark Replacement Conforming Changes definition: Copy, customize, and use instantly
Introduction
The term "Benchmark Replacement Conforming Changes" refers to the modifications or adjustments made to financial contracts when a benchmark rate, such as LIBOR, is replaced with an alternative rate. These changes are necessary to ensure the proper functioning and consistency of the contract, as they align the terms to reflect the new benchmark. This term is particularly relevant in financial agreements, such as loans or derivatives, that rely on benchmark rates for interest calculations.
Below are various examples of how "Benchmark Replacement Conforming Changes" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Benchmark Replacement Conforming Changes" as a modification to interest rate calculations
This definition ties "Benchmark Replacement Conforming Changes" to interest rate adjustments.
"Benchmark Replacement Conforming Changes" means any modifications or amendments to the terms of the agreement that are necessary to replace a reference to the benchmark rate with a new, replacement rate and ensure consistency in interest rate calculations.
Definition of "Benchmark Replacement Conforming Changes" as adjustments for regulatory compliance
This definition connects "Benchmark Replacement Conforming Changes" to regulatory changes.
"Benchmark Replacement Conforming Changes" refers to the adjustments made to a financial agreement to ensure compliance with regulations when a benchmark rate is replaced with an alternative rate. These changes are intended to maintain the integrity of the contract.
Definition of "Benchmark Replacement Conforming Changes" as required by a new reference rate
This definition links "Benchmark Replacement Conforming Changes" to a specific reference rate change.
"Benchmark Replacement Conforming Changes" means changes required by the introduction of a new reference rate, including alterations to calculation methods, payment frequency, and other contractual provisions necessary to accommodate the replacement of the original benchmark.
Definition of "Benchmark Replacement Conforming Changes" as defined by governing law
This definition applies "Benchmark Replacement Conforming Changes" to legal contexts.
"Benchmark Replacement Conforming Changes" refers to modifications that must be made to the contract in accordance with the governing law or regulatory authority’s guidelines when the benchmark rate used in the agreement is replaced.
Definition of "Benchmark Replacement Conforming Changes" as a result of a market disruption event
This definition connects "Benchmark Replacement Conforming Changes" to market disruptions.
"Benchmark Replacement Conforming Changes" means the changes made to the terms of the agreement as a result of a market disruption event that forces the replacement of the original benchmark with a new benchmark rate.
Definition of "Benchmark Replacement Conforming Changes" for loan agreements
This definition ties "Benchmark Replacement Conforming Changes" to loan contracts.
"Benchmark Replacement Conforming Changes" refers to the adjustments made to the interest rate provisions in a loan agreement when the original benchmark rate is replaced by an alternative reference rate.
Definition of "Benchmark Replacement Conforming Changes" for derivative contracts
This definition applies "Benchmark Replacement Conforming Changes" to derivatives.
"Benchmark Replacement Conforming Changes" means the modifications to the terms of derivative contracts that align with the new benchmark rate, ensuring that all calculations and payments are consistent with the new rate.
Definition of "Benchmark Replacement Conforming Changes" as related to interest rate swaps
This definition connects "Benchmark Replacement Conforming Changes" to swaps.
"Benchmark Replacement Conforming Changes" refers to the changes made to interest rate swap agreements to adjust for the replacement of the original benchmark rate, ensuring that the terms of the swap remain valid under the new reference rate.
Definition of "Benchmark Replacement Conforming Changes" as a modification of payment schedules
This definition links "Benchmark Replacement Conforming Changes" to payment timing.
"Benchmark Replacement Conforming Changes" means modifications made to the payment schedules in the agreement to accommodate a new benchmark rate, such as changing the timing of payments or the calculation of interest.
Definition of "Benchmark Replacement Conforming Changes" for contracts governed by international law
This definition ties "Benchmark Replacement Conforming Changes" to international legal frameworks.
"Benchmark Replacement Conforming Changes" refers to the necessary alterations in a contract to ensure compliance with international legal standards when a new benchmark rate replaces the previous one.
Definition of "Benchmark Replacement Conforming Changes" for capital market transactions
This definition applies "Benchmark Replacement Conforming Changes" to capital markets.
"Benchmark Replacement Conforming Changes" means the modifications to capital market transactions, such as bond agreements or securities, to account for the replacement of the benchmark rate with an alternative reference rate.
Definition of "Benchmark Replacement Conforming Changes" as a necessary change for financial stability
This definition connects "Benchmark Replacement Conforming Changes" to financial stability.
"Benchmark Replacement Conforming Changes" refers to changes made to financial contracts to ensure the stability of the financial system, particularly when the original benchmark is no longer available.
Definition of "Benchmark Replacement Conforming Changes" for hedging agreements
This definition links "Benchmark Replacement Conforming Changes" to hedging.
"Benchmark Replacement Conforming Changes" refers to the required adjustments to hedging agreements to reflect the new benchmark rate, ensuring that the hedging instruments remain effective in mitigating risk.
Definition of "Benchmark Replacement Conforming Changes" as a modification for consistent contract terms
This definition applies "Benchmark Replacement Conforming Changes" to consistency.
"Benchmark Replacement Conforming Changes" means changes made to ensure that the terms of the contract remain consistent and enforceable after the benchmark rate has been replaced.
Definition of "Benchmark Replacement Conforming Changes" as a transitional adjustment
This definition connects "Benchmark Replacement Conforming Changes" to transitional periods.
"Benchmark Replacement Conforming Changes" refers to the adjustments made during the transitional period when a benchmark rate is being replaced by a new rate, ensuring that the terms of the contract are in alignment with the new reference.
Definition of "Benchmark Replacement Conforming Changes" in the context of syndicated loans
This definition ties "Benchmark Replacement Conforming Changes" to syndicated loans.
"Benchmark Replacement Conforming Changes" refers to the changes made to syndicated loan agreements to accommodate the replacement of the original benchmark rate, ensuring the loan terms remain consistent with the new benchmark.
Definition of "Benchmark Replacement Conforming Changes" for mortgage-backed securities
This definition applies "Benchmark Replacement Conforming Changes" to mortgage securities.
"Benchmark Replacement Conforming Changes" means the adjustments to mortgage-backed securities that are necessary when the original benchmark rate is replaced with an alternative rate, impacting the interest calculations for the securities.
Definition of "Benchmark Replacement Conforming Changes" for interest rate benchmarks
This definition connects "Benchmark Replacement Conforming Changes" to interest rate benchmarks.
"Benchmark Replacement Conforming Changes" refers to the changes made to interest rate benchmark agreements when the original rate is replaced by a new, alternative benchmark, ensuring the contract’s calculations remain accurate.
Definition of "Benchmark Replacement Conforming Changes" as part of a contractual amendment
This definition links "Benchmark Replacement Conforming Changes" to amendments.
"Benchmark Replacement Conforming Changes" means the contractual amendments required to reflect the new benchmark rate and ensure that the original terms are aligned with the new reference rate.
Definition of "Benchmark Replacement Conforming Changes" in relation to market transition
This definition applies "Benchmark Replacement Conforming Changes" to market transitions.
"Benchmark Replacement Conforming Changes" refers to the necessary adjustments made during a market transition from one benchmark rate to another, ensuring that financial contracts reflect the new market conditions.
Definition of "Benchmark Replacement Conforming Changes" for regulatory purposes
This definition connects "Benchmark Replacement Conforming Changes" to regulatory requirements.
"Benchmark Replacement Conforming Changes" means the modifications to contracts necessary to meet regulatory requirements when a benchmark rate is replaced with a new reference rate.
Definition of "Benchmark Replacement Conforming Changes" as a provision for new benchmark adoption
This definition links "Benchmark Replacement Conforming Changes" to new benchmark adoption.
"Benchmark Replacement Conforming Changes" refers to provisions in contracts that allow for the adoption of a new benchmark rate in place of the previous one, ensuring that the contract’s terms remain effective.
Definition of "Benchmark Replacement Conforming Changes" as a necessary contract update
This definition ties "Benchmark Replacement Conforming Changes" to contract updates.
"Benchmark Replacement Conforming Changes" refers to the necessary updates to a contract’s terms to accommodate a new benchmark rate, ensuring continuity and functionality after the replacement.
Definition of "Benchmark Replacement Conforming Changes" for loan market impact
This definition applies "Benchmark Replacement Conforming Changes" to the loan market.
"Benchmark Replacement Conforming Changes" refers to the changes made to loan agreements to ensure that they remain consistent with market changes when the benchmark rate is replaced by an alternative rate.
Definition of "Benchmark Replacement Conforming Changes" for new index rates
This definition links "Benchmark Replacement Conforming Changes" to index rates.
"Benchmark Replacement Conforming Changes" means changes to the agreement that replace the original benchmark index with a new index, ensuring that the new rate functions in place of the previous rate.
Definition of "Benchmark Replacement Conforming Changes" as needed for contract enforceability
This definition connects "Benchmark Replacement Conforming Changes" to contract enforceability.
"Benchmark Replacement Conforming Changes" refers to the changes made to a contract to ensure that it remains enforceable when the benchmark rate is replaced by a new rate.
Definition of "Benchmark Replacement Conforming Changes" for continuity of financial agreements
This definition links "Benchmark Replacement Conforming Changes" to the continuity of agreements.
"Benchmark Replacement Conforming Changes" means changes made to financial agreements to maintain their continuity and performance after the benchmark rate is replaced by an alternative reference.
Definition of "Benchmark Replacement Conforming Changes" in relation to loan terms
This definition ties "Benchmark Replacement Conforming Changes" to loan term updates.
"Benchmark Replacement Conforming Changes" refers to adjustments made to the loan terms, such as interest rates or payment schedules, to reflect the replacement of the original benchmark rate with a new reference rate.
Definition of "Benchmark Replacement Conforming Changes" as a part of financial product updates
This definition connects "Benchmark Replacement Conforming Changes" to financial products.
"Benchmark Replacement Conforming Changes" refers to the adjustments made to financial products to ensure their proper functioning after a benchmark rate is replaced by a new rate.
Definition of "Benchmark Replacement Conforming Changes" for interest calculation revisions
This definition applies "Benchmark Replacement Conforming Changes" to interest calculation.
"Benchmark Replacement Conforming Changes" means revisions to the method of calculating interest in financial agreements when a new benchmark rate replaces the previous one, ensuring the integrity of the calculations.
Definition of "Benchmark Replacement Conforming Changes" for international financial contracts
This definition ties "Benchmark Replacement Conforming Changes" to international contracts.
"Benchmark Replacement Conforming Changes" refers to the modifications required in international financial contracts to reflect the replacement of the original benchmark rate with a new reference rate, ensuring global compliance.
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