Sec. 3. As used in this chapter, "benchmark replacement" means:
(1) a benchmark;
(2) an interest rate; or
(3) a dividend rate;
that may or may not be based in whole or in part on a prior setting of LIBOR, and that replaces LIBOR (or any interest rate or dividend rate based on LIBOR), whether on a temporary, permanent, or indefinite basis, under or with respect to a contract, security, or instrument.