As used in this chapter, 'recommended spread adjustment' means a spread adjustment, or method for calculating or determining the spread adjustment, that:(1) is selected or recommended by a relevant recommending body for:(A) a recommended benchmark replacement;(B) a particular type of contract, security, or instrument; and(C) a particular term;to account for the effects of the transition or change from LIBOR to the recommended benchmark replacement; and(2) may:(A) have a positive or negative value; or(B) equal zero (0).As added by P.L.67-2022, SEC.1.
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