Common use of Term SOFR Conforming Changes Clause in Contracts

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Document. Lender will promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 6 contracts

Sources: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will shall have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. Lender will shall promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 4 contracts

Sources: Project Loan Note (Clipper Realty Inc.), Building Loan Note (Clipper Realty Inc.), Acquisition Loan Note (Clipper Realty Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. Lender will promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 4 contracts

Sources: Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust), Mezzanine Loan Agreement (Industrial Logistics Properties Trust)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify Borrower the Borrowers of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Sources: Secured Revolving Loan Credit Agreement (StratCap Digital Infrastructure REIT, Inc.), Secured Revolving Loan Credit Agreement (Strategic Wireless Infrastructure Fund Ii, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of One Month Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify Borrower the Borrowers of the effectiveness of any Conforming Changes in connection with the use or administration of One Month Term SOFR.

Appears in 1 contract

Sources: Loan and Security Agreement (Starco Brands, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Term SOFR Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Term SOFR Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify the Borrower of the effectiveness of any Term SOFR Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Revolving Credit Agreement (Bakkt Holdings, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Revolving Loan Agreement (Kempharm, Inc)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower any Relevant Party or any other party to this Loan Agreement or any other Facility Loan Document. Lender will promptly notify Borrower each Relevant Party of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Master Loan and Security Agreement (Offerpad Solutions Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Loan Agreement (Medalist Diversified REIT, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Credit Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Credit Document. Lender will promptly notify Borrower and Lender of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Credit and Security Agreement (Transphorm, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Adjusted Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. Lender will promptly notify Administrative Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Adjusted Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (Cato Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender L▇▇▇▇▇ will have the right to make Conforming Changes from time to time so long as such Conforming Changes are being made by Lender with respect to commercial mortgage loans with similarly situated borrowers on a programmatic basis and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility DocumentBorrower. Lender will promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Loan Agreement (W. P. Carey Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Term SOFR Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Documentherein, any amendments implementing such Term SOFR Conforming Changes will become effective without any further action or consent of the Borrower or any other party to this Loan Agreement or any other Facility Documenthereto. The Lender will promptly notify the Borrower of the effectiveness of any Term SOFR Conforming Changes in connection with the use or administration of Term SOFRChanges.

Appears in 1 contract

Sources: Warrant Agreement (Syntec Optics Holdings, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify the Parent Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Delayed Draw Term Loan Credit and Guaranty Agreement (Varex Imaging Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Credit Agreement or any other Facility Loan Document. Lender will promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (Backblaze, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender ▇▇▇▇▇▇ will have the right to make Conforming Changes from time to time so long as such Conforming Changes are being made by Lender with respect to commercial mortgage loans with similarly situated borrowers on a programmatic basis and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility DocumentBorrower. Lender will promptly notify Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Loan Agreement (Net Lease Office Properties)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. Lender will promptly notify Borrower Parent of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (Hamilton Beach Brands Holding Co)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Documentherein, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Documentparty. The Lender will promptly notify the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Lender will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Facility Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrower or any other party to this Loan Agreement or any other Facility Loan Document. The Lender will promptly notify the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Loan Agreement (Ares Real Estate Income Trust Inc.)