Indiana Statutes

§ 28-10-2-3 — "Benchmark replacement"

Indiana·Art. 10 GENERAL PROVISIONS AND DEFINITIONS·Ch. 2 LIBOR Discontinuance and Replacement

As used in this chapter, "benchmark replacement" means:

(1)a benchmark;
(2)an interest rate; or
(3)a dividend rate; that may or may not be based in whole or in part on a prior setting of LIBOR, and that replaces LIBOR (or any interest rate or dividend rate based on LIBOR), whether on a temporary, permanent, or indefinite basis, under or with respect to a contract, security, or instrument.

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Legislative History

As added by P.L.67-2022, SEC.1.

Nearby Sections

15
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