Define: Benchmark Transition Event
What does "Benchmark Transition Event" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (AMAZON COM INC, seen in 1 filing)
Benchmark Transition Event means the occurrence of a Benchmark Transition Event.
Source: AMAZON COM INC 10-K
Definition 2 (Expedia Group, Inc., seen in 1 filing)
Benchmark Transition Event means the occurrence of one or more of the following events with respect to any Benchmark Rate: (1) a public statement or publication of information by or on behalf of the administrator of such Benchmark Rate announcing that such administrator has ceased or will cease to provide such Benchmark Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark Rate; (2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark Rate, the central bank for the currency of such Benchmark Rate, an insolvency official.
Source: Expedia Group, Inc. 10-K
Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.