SOFR Benchmark Transition Event definition
SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;
SOFR Benchmark Transition Event means, with respect to the then-current SOFR Benchmark, the occurrence of one or more of the following events with respect thereto:
SOFR Benchmark Transition Event means the occurrence of a SOFR Benchmark Event with respect to the then-current SOFR Benchmark;
Examples of SOFR Benchmark Transition Event in a sentence
Any such amendment with respect to a Term SOFR Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Agent has posted such proposed amendment to all affected ▇▇▇▇▇▇▇ and Borrower so long as the Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Requisite Lenders.
Upon the occurrence of a SOFR Benchmark Transition Event, Section 3.02 provides a mechanism for determining an alternative rate of interest.
Any such amendment with respect to a Term SOFR Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Agent has posted such proposed amendment to all affected L▇▇▇▇▇▇ and Borrower so long as the Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Requisite Lenders.
More Definitions of SOFR Benchmark Transition Event
SOFR Benchmark Transition Event means, with respect to the then- current SOFR Benchmark, the occurrence of one or more of the following events with respect thereto:
SOFR Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then current Benchmark (including the daily published component used in the calculation thereof):
SOFR Benchmark Transition Event means the occurrence of a Benchmark Event (as defined in Condition 5.3(i)) with respect to the then- current Benchmark (as defined in Condition 5.3(i));
SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current SOFR Benchmark, whereby references to “Relevant Benchmark” in the definition of “Benchmark Transition Event” shall be deemed to be references to the then-current SOFR Benchmark; and
SOFR Benchmark Transition Event means the occurrence of a Benchmark Event (as defined in Condition 5.11) with respect to the then-current SOFR Benchmark;
SOFR Benchmark Transition Event the later of (a) the date of the public statement or publication of information referenced therein 91 #95598837v24
SOFR Benchmark Transition Event means, with respect to any SOFR Benchmark, the occurrence of one or more of the following events with respect to such then-current SOFR Benchmark: (1) a public statement or publication of information by or on behalf of the administrator of such SOFR Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all SOFR Available Tenors of such SOFR Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any SOFR Available Tenor of such SOFR Benchmark (or such component thereof); (2) a public statement or publication of information by the regulatory supervisor for the administrator of such SOFR Benchmark (or the published component used in the calculation thereof), the Federal Reserve Board, the NYFRB, the CME Term SOFR Administrator, an insolvency official with jurisdiction over the administrator for such SOFR Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such SOFR Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such SOFR Benchmark (or such component), in each case, which states that the administrator of SOFR such Benchmark (or such component) has ceased or will cease to provide all SOFR Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any SOFR Available Tenor of such SOFR Benchmark (or such component thereof); or (3) a public statement or publication of information by the regulatory supervisor for the administrator of such SOFR Benchmark (or the published component used in the calculation thereof) announcing that all SOFR Available Tenors of such SOFR Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative. For the avoidance of doubt, a “SOFR Benchmark Transition Event” will be deemed to have occurred with respect to any SOFR Benchmark if a public statement or publication of information 92 #95598837v24