Sec. 5. (a) As used in this chapter, “calculating person”, with respect to a particular contract, security, or instrument, means any person responsible for calculating or determining any valuation, payment, or other measurement based on a benchmark. (b) The term includes the determining person for a particular contract, security, or instrument. As added by P.L.67-2022, […]
Sec. 6. As used in this chapter, “contract, security, or instrument” includes any: (1) contract; (2) agreement; (3) mortgage; (4) deed of trust; (5) lease; (6) instrument; or (7) other obligation or security, whether representing debt or equity, and including any interest in a corporation, partnership, or limited liability company. As added by P.L.67-2022, SEC.1.
Sec. 7. As used in this chapter, “determining person”, with respect to a particular contract, security, or instrument, means: (1) a person specified as the determining person with respect to the contract, security, or instrument; or (2) if there is not a person specified as the determining person with respect to the contract, security, or […]
Sec. 8. As used in this chapter, “fallback provisions” means terms that are included in a contract, security, or instrument and that set forth a methodology or procedure for determining a benchmark replacement, including any terms relating to the effective date of the benchmark replacement, regardless of whether a benchmark replacement can be determined in […]
Sec. 9. (a) As used in this chapter, “LIBOR” means United States Dollar LIBOR (formerly known as the London Interbank Offered Rate), as administered by Intercontinental Exchange Benchmark Administration Limited (or by any predecessor or successor entity), that is used in making any calculation or determination under a particular contract, security or instrument. (b) The […]
