Common use of SOFR Notification Clause in Contracts

SOFR Notification. Section 5.1(d) of this Exhibit A provides a mechanism for determining an alternative rate of interest in the event that the Term SOFR Reference Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Reference Rate or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Sources: Credit Agreement (Bentley Systems Inc), Revolving Credit, Term Loan and Security Agreement (Integrated Biopharma Inc)

SOFR Notification. Section 5.1(d) of this Exhibit A 3.8.2. hereof provides a mechanism for determining an alternative alternate rate of interest in the event that the Term SOFR Reference Rate or SOFR is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Reference Rate or SOFR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Ugi Corp /Pa/), Revolving Credit and Security Agreement (Ugi Corp /Pa/)

SOFR Notification. Section 5.1(d) of this Exhibit A 3.8.2. hereof provides a mechanism for determining an alternative alternate rate of interest in the event that the Term SOFR Reference Rate or SOFR is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term ​ ​ SOFR Reference Rate or SOFR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Ugi Corp /Pa/)

SOFR Notification. Section 5.1(d) 3.8.2 of this Exhibit A Agreement provides a mechanism for determining an alternative alternate rate of interest in the event that the Term SOFR Reference Rate or SOFR is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Reference Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Drilling Tools International Corp)

SOFR Notification. Section 5.1(d) 3.8.2. of this Exhibit A Agreement provides a mechanism for determining an alternative alternate rate of interest in the event that the Term SOFR Reference Rate or SOFR is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, 281925533 submission or any other matter related to the Term SOFR Reference Rate or SOFR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Sources: Revolving Credit, Term Loan, Delayed Draw Term Loan and Security Agreement (Ati Inc)

SOFR Notification. Section 5.1(d) of this Exhibit A 2.17 hereof provides a mechanism for determining an alternative alternate rate of interest in the event that the Term SOFR Reference Rate or SOFR is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Reference Rate or SOFR or with respect to any alternative or successor rate thereto, or replacement rate therefor.. 70 074658.21164/133379222v.6

Appears in 1 contract

Sources: Abl Credit Agreement (Pyxus International, Inc.)

SOFR Notification. Section 5.1(d3.5(e) of this Exhibit A Agreement provides a mechanism for determining an alternative rate of interest in the event that the Adjusted Term SOFR Reference Rate or the Adjusted Daily Simple SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Adjusted Term SOFR Reference Rate or with respect to any alternative or successor rate thereto, or replacement rate therefor.or

Appears in 1 contract

Sources: Credit Agreement (Eastgroup Properties Inc)