Common use of Term SOFR Conforming Changes Clause in Contracts

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

Appears in 3 contracts

Sources: Fifth Amendment to Credit Agreement and Guaranty (Biodesix Inc), Credit Agreement and Guaranty (Biodesix Inc), Credit Agreement and Guaranty (Biodesix Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Alkermes Plc.)

Term SOFR Conforming Changes. In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.. ‑36‑

Appears in 1 contract

Sources: Credit Agreement and Guaranty (Biodesix Inc)

Term SOFR Conforming Changes. In connection with the useuse or administration of Term SOFR, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Administrative Borrower and the Lenders of the effectiveness of any Benchmark Replacement Conforming Changes in connection with the use or administration of Term SOFR.. (h)

Appears in 1 contract

Sources: Credit Agreement (Thryv Holdings, Inc.)

Term SOFR Conforming Changes. In connection with the use, administration, adoption use or implementation administration of a Benchmark ReplacementTerm SOFR, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Credit Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Credit Document. The Administrative Agent will Agentwill promptly notify the Borrower and the Lenders Banks of the effectiveness of any Benchmark Replacement Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (Black Hills Corp /Sd/)

Term SOFR Conforming Changes. In connection with the use, administration, adoption use or implementation administration of a Benchmark ReplacementTerm SOFR, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Credit Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Credit Document. The Administrative Agent will promptly notify the Borrower and the Lenders Banks of the effectiveness of any Benchmark Replacement Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (Black Hills Corp /Sd/)

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

Appears in 1 contract

Sources: Credit Agreement (Wolfspeed, Inc.)