Indiana Code 28-10-2-19. Benchmark replacement conforming changes applicable to recommended benchmark replacement; incorporated by operation of law
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Terms Used In Indiana Code 28-10-2-19
- benchmark: means an index of interest rates or dividend rates that is used, in whole or in part, as the basis of, or as a reference for, calculating or determining any valuation, payment, or other measurement under or with respect to a contract, security, or instrument. See Indiana Code 28-10-2-2
- benchmark replacement: means :
Indiana Code 28-10-2-3
- benchmark replacement conforming changes: means any technical, administrative, or operational changes, alterations, or modifications that:
Indiana Code 28-10-2-4
- Contract: A legal written agreement that becomes binding when signed.
Sec. 19. If a recommended benchmark replacement becomes the benchmark replacement for any contract, security, or instrument under this chapter, any benchmark replacement conforming changes that are applicable to the recommended benchmark replacement become an integral part of the contract, security, or instrument by operation of law.
As added by P.L.67-2022, SEC.1.