Daily Simple SOFR. the alternate benchmark rate that has been selected by the Administrative Agent (in consultation with the Borrower) as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S dollar-denominated syndicated credit facilities substantially similar hereto at such time; provided that:
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Sources: Credit Agreement (Sunnova Energy International Inc.)
Daily Simple SOFR. the alternate benchmark rate that has been selected by the Administrative Agent (in consultation with and the Borrower) Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S dollarasset-denominated syndicated credit facilities backed lending transactions substantially similar hereto at such time; provided that:
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