Common use of Term SOFR Conforming Changes Clause in Contracts

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Agent (in consultation with B▇▇▇▇▇▇▇ and at the direction of the Blackstone Representative) shall endeavor in good faith 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 shall become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Agent shall promptly notify the Lenders and Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Sources: Loan Agreement (Mannkind Corp), Loan Agreement (Mannkind Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Agent (in consultation with B▇▇▇▇▇▇▇ and at the direction of the Blackstone Representative) shall endeavor in good faith 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 shall become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Agent shall promptly notify the Lenders and 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 and Security Agreement (Mannkind Corp)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Agent (in consultation with B▇▇▇▇▇▇▇ and acting at the direction of the Blackstone RepresentativeRepresentative (in consultation with Borrower) shall endeavor in good faith 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 shall become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Agent shall promptly notify the Lenders and 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 (Axsome Therapeutics, Inc.)

Term SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Agent (in consultation with B▇▇▇▇▇▇▇ and at the direction of the Blackstone Representative) shall endeavor in good faith 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 shall will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Agent shall will promptly notify the Lenders and 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 (Amicus Therapeutics, Inc.)