(b) if, and to the extent that, the Calculation Agent determines that Compounded SOFR cannot be determined in accordance with clause (a) above, then the rate, or methodology for this rate, and conventions for this rate that have been selected by the Calculation Agent in its reasonable discretion.
Corresponding Tenor means, with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.
Excess Spread Percentage for any Distribution Date means a fraction, the numerator of which is the Excess Spread Amount for such Distribution Date multiplied by 12 and the denominator of which is the sum of the Nominal Liquidation Amounts of all Tranches of DiscoverSeries Notes as of the first day of the related Due Period.
Expected Maturity Date means June 15, 2021.
Federal Reserve Bank of New Yorks Website means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.
ICE Administrator means ICE Benchmark Administration Limited.
Indenture means the Amended and Restated Indenture, dated as of December 22, 2015, between the Issuer and Indenture Trustee, as such agreement may be further amended, supplemented, restated, amended and restated, replaced or otherwise modified from time to time.
Indenture Supplement means the Second Amended and Restated Indenture Supplement, dated as of December 22, 2015, for the DiscoverSeries Notes, between the Issuer and the Indenture Trustee, as the same may be further amended, supplemented, restated, amended and restated, replaced or otherwise modified from time to time.
Initial Dollar Principal Amount means $800,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.
Interest Accrual Period means, with respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or, in the case of the first Interest Payment Date for any Class A(2019-2) Note, from and including the applicable Issuance Date) to but excluding such Interest Payment Date.
Interest Payment Date means the fifteenth day of each month commencing in August 2019, or if such fifteenth day is not a Business Day, the next succeeding Business Day.
Interest Rate Determination Date means (a) if the Benchmark is LIBOR, the date that is two LIBOR Business Days before the first day of the applicable Interest Accrual Period, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Interest Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Interest Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Calculation Agent according to Section 2.04(c) hereof.