Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 7 contracts
Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Stepstone Private Credit Fund LLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.06(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 7 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.14(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 7 contracts
Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus AI, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent, Revolver Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Applicable Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Applicable Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a10.8(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 7 contracts
Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lenders, and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.20(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 7 contracts
Samples: Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.), Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.), Loan, Security and Investment Management Agreement (Investcorp Credit Management BDC, Inc.)
Benchmark Replacement. (A) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.14(c)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 6 contracts
Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.20(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 6 contracts
Samples: Credit Agreement (Entergy New Orleans, LLC), Credit Agreement (Entergy Mississippi, LLC), Credit Agreement (Entergy Mississippi, LLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 5 contracts
Samples: Amendment No. 4 (RXO, Inc.), 5 Year Term Loan Credit Agreement (GXO Logistics, Inc.), Bridge Term Loan Credit Agreement (GXO Logistics, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.03(b)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 4 contracts
Samples: Credit Agreement (Oneok Inc /New/), Credit Agreement (Oneok Inc /New/), Credit Agreement (Sunrun Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 4 contracts
Samples: Term Loan Agreement (Howmet Aerospace Inc.), Term Loan Agreement (Howmet Aerospace Inc.), Senior Unsecured Multi Year Revolving Credit Agreement (HF Sinclair Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.22(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 4 contracts
Samples: Credit Agreement (Phillips 66), Credit Agreement (Phillips 66), Credit Agreement (Kinder Morgan, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. p.m., Boston, Massachusetts time, on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a the then-current Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 10.6 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 4 contracts
Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Facility Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.18(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 4 contracts
Samples: Credit Agreement (HPS Corporate Lending Fund), Credit Agreement (HPS Corporate Lending Fund), Credit Agreement (T. Rowe Price OHA Select Private Credit Fund)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Seller may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Purchasers and the Borrower Seller so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Purchasers comprising the Required LendersMajority Purchasers. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 5.06 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Gray Television Inc), Receivables Purchase Agreement (Moog Inc.), Receivables Purchase Agreement (Wolverine World Wide Inc /De/)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.04(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (Farfetch LTD), Credit Agreement (Coupang, Inc.), Credit Agreement (Farfetch LTD)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.8(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (SailPoint Parent, LP), Credit Agreement (SailPoint Parent, LP), Credit Agreement (SailPoint Parent, LP)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.07(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.09(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the Term SOFR Reference Rate or then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark the Adjusted Term SOFR Rate with a Benchmark Replacement pursuant to this Section 2.19(a2.11(b)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (Trinity Capital Inc.), Credit Agreement (Trinity Capital Inc.), Credit Agreement (Trinity Capital Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Servicing Agreement (KKR Enhanced US Direct Lending Fund-L Inc.), Loan and Servicing Agreement (KKR Enhanced US Direct Lending Fund-L Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Documentherein, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Representative may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower Representative so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.23(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Banks and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Banks comprising the Required LendersBanks. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a6.8(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Five Year Credit Agreement (American Honda Finance Corp), Three Year Credit Agreement (American Honda Finance Corp), 364 Day Credit Agreement (American Honda Finance Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Requisite Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.2(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (Office Properties Income Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Office Properties Income Trust)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Bridge Term Loan Credit Agreement (GXO Logistics, Inc.), Bridge Term Loan Credit Agreement (GXO Logistics, Inc.), Credit Agreement (RXO, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 8.7.1 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 3 contracts
Samples: Credit Agreement (Moneylion Inc.), Credit Agreement (Moneylion Inc.), Credit Agreement (Moneylion Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a12.18(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Loan, Security and Collateral Management Agreement (AG Twin Brook Capital Income Fund), Loan, Security and Collateral Management Agreement (AGTB Private BDC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.20(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Allison Transmission Holdings Inc)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and Lendxxx xxx the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Seagate Technology Holdings PLC), Credit Agreement (Seagate Technology Holdings PLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.17(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Short Term Credit Agreement (Novelis Inc.), Short Term Credit Agreement (Novelis Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Borrowers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.23(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Chicken Soup for the Soul Entertainment, Inc.), Credit Agreement (Chicken Soup for the Soul Entertainment, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Seller may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Purchasers and the Borrower Seller so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Committed Purchasers comprising the Required LendersPurchasers. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.4(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.12(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Lead Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(I)(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Revolving Credit Agreement (CF Industries Holdings, Inc.), Revolving Credit Agreement (CF Industries Holdings, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.14(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Hillman Solutions Corp.), Credit Agreement (Leidos Holdings, Inc.)
Benchmark Replacement. (A) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Requisite Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.2(c)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)
Benchmark Replacement. (A) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.07(c)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Fox Factory Holding Corp), Credit Agreement (Fox Factory Holding Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.16(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (E.W. SCRIPPS Co), Credit Agreement (E.W. SCRIPPS Co)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 4:00 p.m. (Local Time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from the Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.14(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a1.7(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Columbus McKinnon Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any then-current Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Requisite Lenders. No replacement of a then-current Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.2(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (STORE CAPITAL Corp), Term Loan Agreement (STORE CAPITAL Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.13(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Atmos Energy Corp), Revolving Credit Agreement (Atmos Energy Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Credit Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to the Borrowers and all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.9(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC), Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) U.S. Government Securities Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.07(h)(i) will occur prior to the applicable Benchmark Transition Start Replacement Date.
Appears in 2 contracts
Samples: Financing Agreement (FreightCar America, Inc.), Financing Agreement (Orthofix Medical Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. p.m., New York City time, on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lenders, LC Issuers and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders and LC Issuers comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.9.6(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (OPAL Fuels Inc.), Credit and Guaranty Agreement (OPAL Fuels Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Seagate Technology Holdings PLC), Credit Agreement (Legacy Housing Corp)
Benchmark Replacement. (a) Notwithstanding anything to the contrary herein or in any other Transaction Documentherein, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 2.15 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Margin Loan Agreement (Endeavor Group Holdings, Inc.), First Amendment Agreement (Endeavor Group Holdings, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required LendersMajority Group Agents. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.06(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Oncor Electric Delivery Co LLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Sellers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Purchasers and the Borrower Sellers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required LendersMajority Group Agents. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.06(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Dayforce, Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.03(b)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Documentherein, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Representative may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Representative so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.23(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.13(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Comtech Telecommunications Corp /De/), Credit Agreement (Comtech Telecommunications Corp /De/)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower Borrowers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.16(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Livent Corp.), Credit Agreement (Arcadium Lithium PLC)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.12(a) will occur prior to the applicable Benchmark Transition Start Replacement Date.
Appears in 2 contracts
Samples: Financing Agreement (Colonnade Acquisition Corp. II), Financing Agreement (Spire Global, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 3.09 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (RumbleOn, Inc.), Term Loan Credit Agreement (RumbleOn, Inc.)
Benchmark Replacement. (i) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Parent Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Parent Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.14(b)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Third Amendment Agreement (Ecovyst Inc.), Term Loan Credit Agreement (Ecovyst Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction DocumentLoan Paper, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Banks comprising the Required LendersMajority Banks. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a13.1(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Brigham Minerals, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.12(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Blue Owl Capital Inc.), Credit Agreement (Blue Owl Capital Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.11(f)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: First Lien Credit and Guarantee Agreement (Janus International Group, Inc.), First Lien Credit and Guarantee Agreement (Janus International Group, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.8(c)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Fourth Amendment and Lender Joinder Agreement (SYNAPTICS Inc), Credit Agreement (SYNAPTICS Inc)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.29(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Second Amended and Restated Credit and Guaranty Agreement (Jetblue Airways Corp), Credit and Guaranty Agreement (Jetblue Airways Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Facility Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.18(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (HPS Corporate Lending Fund), Revolving Credit and Security Agreement (T. Rowe Price OHA Select Private Credit Fund)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising holding greater than 50% of the Required Lendersaggregate Commitments then in effect. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 12.22 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.20(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (Allison Transmission Holdings Inc), Credit Agreement (Ugi Corp /Pa/)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.7(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Superpriority Secured Debtor in Possession Credit Agreement (Avaya Holdings Corp.), Term Loan Credit Agreement (Avaya Holdings Corp.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.06(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Receivables Financing Agreement (ADT Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a(f) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Petco Health & Wellness Company, Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Company may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Company so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a7.03(d)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Finance Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Facility Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted date notice of such proposed amendment Benchmark Replacement is provided to all affected the Lenders and the Borrower so long as the Administrative Facility Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) paragraph will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (Globus Maritime LTD)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required LendersMajority Group Agents. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.06(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Deluxe Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Representative may amend this Agreement to replace such the then current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted (or otherwise made available) such proposed amendment to all affected Lenders and the Borrower Representative so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 2.05.4 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 2 contracts
Samples: Credit Agreement (GPB Automotive Portfolio, LP), Credit Agreement (GPB Automotive Portfolio, LP)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Representative may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Representative so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 8.7.1 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a x Benchmark Replacement pursuant to this Section 2.19(a2.20(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Term Loan Agreement (Aes Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement and the other Loan Documents to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. p.m., New York City time, on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.13(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Facility Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a1.05(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (ACV Auctions Inc.)
Benchmark Replacement. (i) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Banking Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Banks and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Banks comprising the Required LendersBanks. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.02(b)(i) will occur prior to the applicable Benchmark Transition Start Date.;
Appears in 1 contract
Samples: Revolving Credit Agreement (Urban Edge Properties LP)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.25(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement (Flywire Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.30(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.18(b)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Sellers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Purchasers and the Borrower Sellers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required LendersMajority Group Agents. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a5.06(a) will occur prior to the applicable Benchmark Transition Start Date.. 65
Appears in 1 contract
Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Borrowers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.03(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Asset Based Revolving Credit Agreement (Vista Outdoor Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Omnibus Amendment (Blue Owl Technology Finance Corp. II)
Benchmark Replacement. (i) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.17(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Borrowers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.23(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Representative so long as lxxxii the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.18(c)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower Company so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.17(I)(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: 5 Year Credit Agreement (Marsh & McLennan Companies, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Requisite Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.6D(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. p.m., New York City time, on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.03(b)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.12(b) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement (ARKO Corp.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Credit Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a4.10(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Revolving Credit Agreement (Stone Point Credit Corp)
Benchmark Replacement. (a) Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 2.11 will occur prior to the applicable Benchmark Transition Start Date.; (b)
Appears in 1 contract
Samples: Credit Agreement (Blend Labs, Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.03(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Valvoline Inc)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Finance Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Facility Agent and the Borrower Borrowers may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted date notice of such proposed amendment Benchmark Replacement is provided to all affected the Lenders and the Borrower Borrowers so long as the Administrative Facility Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) paragraph will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Majority Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.09(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement (Nuvation Bio Inc.)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Banks and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Banks comprising the Required LendersBanks. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.26(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lenders, the Borrower and the Borrower Derivatives Creditors so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a3.06(c)(i)(A) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Administrative Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Administrative Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from the Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a) 5.16 will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.13(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower Borrowers may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Lxxxxxx and the Borrower Borrowers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a2.24(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Loan Document, upon the occurrence of a Benchmark Transition Event with respect to any BenchmarkEvent, the Administrative Agent and the Borrower may amend this Agreement to replace such the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a10.20(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: Credit Agreement (Avista Corp)
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Transaction Credit Document, upon the occurrence of a Benchmark Transition Event with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders Xxxxx and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders Banks comprising the Required LendersBanks. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 2.19(a6.8(a) will occur prior to the applicable Benchmark Transition Start Date.
Appears in 1 contract
Samples: 364 Day Credit Agreement (American Honda Finance Corp)