Common use of Replacement of Screen Rate Clause in Contracts

Replacement of Screen Rate. If a Screen Rate Replacement Event has occurred in relation to any Screen Rate for a currency which can be selected for a Loan, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of (or in addition to) the affected Screen Rate; and

Appears in 1 contract

Sources: Secured Loan Agreement (Euroseas Ltd.)

Replacement of Screen Rate. (a) If a Screen Rate Replacement Event has occurred in relation to any the Screen Rate for a currency which can be selected for a LoanDollars, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of (or in addition to) the affected Screen Rate; and:

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Replacement of Screen Rate. If Subject to Clause 41.3 (Other exceptions), if a Screen Rate Replacement Event has occurred in relation to any Screen Rate for a currency which can be selected for a LoanRate, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of (or in addition to) the affected Screen Rate; and

Appears in 1 contract

Sources: Loan Agreement (Dorian LPG Ltd.)

Replacement of Screen Rate. If Subject to paragraph (a) (iii) of Clause 40.2 (Exceptions), if a Screen Rate Replacement Event has occurred in relation to any Screen Rate for a currency which can be selected for a Loan, any amendment or waiver which relates to: (a) providing for the use of a Replacement Benchmark in relation to that currency in place of (or in addition to) the affected that Screen Rate; and(b)

Appears in 1 contract

Sources: Senior Secured Credit Facilities Agreement (Borr Drilling LTD)