"Relevant Nominating Body" means any central bank, regulator, supervisor or working group or committee sponsored or chaired by, or constituted at the request of any of them.
"Screen Rate Replacement Event" means any of the following events or series of events:
a)
the definition, methodology, formula or means of determining the Screen Rate has materially changed;
b)
a law or regulation is enacted which prohibits the use of the Screen Rate, it being specified, for the avoidance of doubt, that the occurrence of this event shall not constitute a mandatory prepayment event;
c)
the administrator of the Screen Rate or its supervisor publicly announces:
(i)
that it has ceased or will cease to provide the Screen Rate permanently or indefinitely, and, at that time, no successor administrator has been publicly nominated to continue to provide that Screen Rate;
(ii)
that the Screen Rate has ceased or will cease to be published permanently or indefinitely; or
(iii)
that the Screen Rate may no longer be used (whether now or in the future);
d)
a public announcement is made about the bankruptcy of the administrator of that Screen Rate or any other insolvency proceedings against it, and, at that time, no successor administrator has been publicly nominated to continue to provide that Screen Rate; or
e)
in the opinion of the Lender, the Screen Rate has ceased to be used in a series of comparable financing transactions.
"Screen Rate" means EURIBOR or, following the replacement of this rate by a Replacement Benchmark, the Replacement Benchmark.
"Screen Rate Replacement Date" means:
a)
with respect to the events referred to in items a), d) and e) of the above definition of Screen Rate Replacement Event, the date on which the Lender has knowledge of the occurrence of such event, and,
b)
with respect to the events referred to in items b) and c) of the above definition of Screen Rate Replacement Event, the date beyond which the use of the Screen Rate will be prohibited or the date on which the administrator of the Screen Rate permanently or indefinitely ceases to provide the Screen Rate or the date beyond which the Screen Rate may no longer be used.