SOFR Notification. Section 5.04 provides a mechanism for determining an alternative rate of interest in the event that the SOFR Rate, Daily 1M SOFR or Daily Simple 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 SOFR Rate, Daily 1M SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor.
Appears in 2 contracts
Sources: Receivables Financing Agreement (BrightView Holdings, Inc.), Receivables Financing Agreement (BrightView Holdings, Inc.)
SOFR Notification. Section 5.04 4.05(d) provides a mechanism for determining an alternative rate of interest in the event that the SOFR Rate, Rate or Daily 1M SOFR or Daily Simple 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 SOFR Rate, Rate or Daily 1M SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor, other than in connection with its gross negligence, bad faith or willful misconduct.
Appears in 2 contracts
Sources: Receivables Financing Agreement (OLIN Corp), Receivables Financing Agreement (OLIN Corp)
SOFR Notification. Section 5.04 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the Term SOFR Rate, Daily 1M SOFR Rate or Daily Simple 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 Rate, Daily 1M Simple SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Newell Brands Inc.)
SOFR Notification. Section 5.04 1.24 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the Term SOFR Rate, Rate or Daily 1M SOFR or Daily Simple SOFR is no longer available or in certain other circumstances. The Administrative Agent Administrator 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 Rate, Daily 1M SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Knight-Swift Transportation Holdings Inc.)
SOFR Notification. Section 5.04 1.9 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the SOFR Rate, Daily 1M SOFR or Daily Simple SOFR is Term SOFR, as applicable, are no longer available or in certain other circumstances. The Administrative Agent Administrator 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 SOFR Rate, Daily 1M SOFR or Daily Simple SOFR, Term SOFR or with respect to any alternative or successor rate thereto, or replacement rate therefor.
Appears in 1 contract