Common use of Term SOFR Conforming Changes Clause in Contracts

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Bank shall have the right, in consultation with the Borrowers, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document (as defined in the Letter Agreement), any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrowers or any other party to any other Loan Document. Bank shall promptly notify Borrowers of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 3 contracts

Sources: Line of Credit Note (Lendbuzz Inc.), Committed Line of Credit Agreement (Lendbuzz Inc.), Committed Line of Credit Agreement (Lendbuzz Inc.)

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

Appears in 2 contracts

Sources: Credit Agreement (Moog Inc.), Committed Revolving Line of Credit Note (Omega Flex, Inc.)

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

Appears in 1 contract

Sources: Demand Line of Credit Agreement (Artesian Resources Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Bank shall will have the right, in consultation with the Borrowers, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document (as defined in the Letter Agreement)Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrowers or any other party to this Agreement or any other Loan Document. The Bank shall will promptly notify Borrowers the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.. 3.4

Appears in 1 contract

Sources: Credit Agreement (Moog Inc.)

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

Appears in 1 contract

Sources: Loan and Security Agreement (CNL Strategic Capital, LLC)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Bank shall will have the right, in consultation with the Borrowers, right to make Term SOFR Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document (as defined in the Letter Agreement)FAL LC Document, any amendments implementing such Term SOFR Conforming Changes will become effective without any further action or consent of Borrowers or any other party to this Agreement or any other Loan FAL LC Document. The Bank shall will promptly notify Borrowers 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: Letter of Credit Facility Agreement (Cincinnati Financial Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, Bank shall have the rightBank, in consultation with Borrower, will have the Borrowers, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document (as defined in the Letter Agreement), and any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrowers or any other party to any other Loan Document. Bank shall promptly notify Borrowers of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFRBorrower.

Appears in 1 contract

Sources: Credit Agreement (Power Integrations Inc)

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

Appears in 1 contract

Sources: Term Loan Agreement (XCel Brands, Inc.)

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

Appears in 1 contract

Sources: Loan and Security Agreement (Couchbase, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Bank shall have the right, in consultation with the Borrowers, to may make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document (as defined in the Letter Agreement)Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Borrowers or any other party to this Agreement or any other Loan Document. The Bank shall will promptly notify Borrowers 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 Agreement (Midas Series Trust)