Section 28-10-2-11 - "LIBOR replacement date"(a) As used in this chapter, "LIBOR replacement date" means the following: (1) In the case of a LIBOR discontinuance event described in section 10(a)(1) or 10(a)(2) of this chapter, the later of: (A) the date of the public statement or publication of information described in section 10(a)(1) or 10(a)(2) of this chapter, as applicable; or(B) the date on which the administrator of LIBOR permanently or indefinitely ceases to provide LIBOR.(2) In the case of a LIBOR discontinuance event described in section 10(a)(3) of this chapter, the date of the public statement or publication of information described in section 10(a)(3) of this chapter.(b) With respect to a particular contract, security, or instrument, the term does not include a date that affects one (1) or more tenors of LIBOR in either of the following circumstances: (1) If:(A) the contract, security, or instrument:(i) provides for only one (1) tenor of LIBOR; and(ii) requires interpolation; and(B) the tenor provided for can be interpolated from LIBOR tenors that are not affected on the date.(2) If: (A) the contract, security, or instrument permits a party to choose from more than one (1) tenor of LIBOR; and(B) any of the specified tenors: (i) is not affected on the date; or(ii) can be interpolated from LIBOR tenors that are not affected on the date, if the contract, security, or instrument requires interpolation.Added by P.L. 67-2022,SEC. 1, eff. 3/10/2022.