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§ 28-10-2-8 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 10 - General Provisions and Definitions/
  6. Chapter 2 - Libor Discontinuance and Replacement28-10-2-1. Applicability; Conflicts with Other Indiana Code Provisions/
  7. § 28-10-2-8
Indiana Legal Code

§ 28-10-2-8

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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 accordance with the specified methodology or procedure.As added by P.L.67-2022, SEC.1.