Benchmark Replacement Disclaimer Sample Clauses
Benchmark Replacement Disclaimer. With respect to Section 2.20, the Administrative Agent does not warrant nor accept any responsibility nor shall the Administrative Agent have any liability with respect to (i) any Benchmark Replacement Conforming Changes, (ii) the administration, submission or any matter relating to any Benchmark Replacement or with respect to any rate that is an alternative, comparable or successor rate to any rate herein or (iii) the effect of any of the foregoing.
Benchmark Replacement Disclaimer. The Lender does not warrant or accept responsibility for, and shall not have any liability with respect to the continuation of, administration of, submission of, calculation of or any other matter related to ▇▇▇▇▇, Daily Compounded ▇▇▇▇▇, Term ▇▇▇▇▇, Term SOFR, Daily Simple SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Canadian Benchmark Replacement or Benchmark Replacement, as applicable), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Canadian Benchmark Replacement or Benchmark Replacement, as applicable) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as ▇▇▇▇▇, Daily Compounded ▇▇▇▇▇, Term ▇▇▇▇▇, Term SOFR, Daily Simple SOFR, or any other Canadian Benchmark or Benchmark, as applicable, prior to its discontinuance or unavailability. The Lender and its affiliates or other related entities may engage in transactions that affect the calculation of ▇▇▇▇▇, Daily Compounded ▇▇▇▇▇, Term ▇▇▇▇▇, Term SOFR, Daily Simple SOFR, or any alternative, successor or replacement rate (including any Canadian Benchmark Replacement or Benchmark Replacement, as applicable) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers. The Lender may select information sources or services in its reasonable discretion to ascertain ▇▇▇▇▇, Daily Compounded ▇▇▇▇▇, Term ▇▇▇▇▇, Term SOFR, Daily Simple SOFR, or any other Canadian Benchmark or Benchmark, as applicable, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrowers for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.
Benchmark Replacement Disclaimer. The Lenders do not warrant or accept responsibility for, and shall not have any liability with respect to the continuation of, administration of, submission of, calculation of or any other matter related to Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as Term SOFR, or any other Benchmark, as applicable, prior to its discontinuance or unavailability. The Lenders and their affiliates or other related entities may engage in transactions that affect the calculation of Term SOFR, or any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers. The Lenders may select information sources or services in their reasonable discretion to ascertain Term SOFR, or any other Benchmark, as applicable, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrowers for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.