Common use of Replacing Future Benchmarks Clause in Contracts

Replacing Future Benchmarks. If any Benchmark Transition Event occurs after the Effective Date (other than as described above with respect to USD LIBOR), the then-current Benchmark will be replaced with the Benchmark Replacement for all purposes hereunder and under any Loan Document in respect of any Benchmark setting on the later of (i) as of

Replacing Future Benchmarks. If any Benchmark Transition Event occurs after the Effective Date date hereof (other than as described above with respect to USD LIBOR), the then-current Benchmark will be replaced with the Benchmark Replacement for all purposes hereunder and under any Loan Transaction Document in respect of any Benchmark setting on the later of (i) as ofof 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the dateInability to Determine Rates.