Canadian Benchmark Replacement Setting Sample Clauses
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Loan Document:
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Transaction Document:
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Canadian Benchmark Transition Event and its related Canadian Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Canadian Benchmark Replacement is determined in accordance with clause (a) of the definition of “Canadian Benchmark Replacement” for such Canadian Benchmark Replacement Date, such Canadian Benchmark Replacement will replace such Canadian Benchmark for all purposes hereunder and under any Loan Document in respect of such Canadian Benchmark setting and subsequent Canadian Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Canadian Benchmark Replacement is determined in accordance with clause (b) of the definition of “Canadian Benchmark Replacement” for such Canadian Benchmark Replacement Date, such Canadian Benchmark Replacement will replace such Canadian Benchmark for all purposes hereunder and under any Loan Document in respect of any Canadian Benchmark setting at or after 5:00 p.m. (Toronto time) on the fifth (5th) Business Day after the date notice of such Canadian Benchmark Replacement is provided to the Borrowers without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Agent has not received, by such time, written notice of objection to such Canadian Benchmark Replacement from any Lender or the Borrowers. If the Canadian Benchmark Replacement is Adjusted Daily Compounded XXXXX, all interest payments will be payable on the last day of each Interest Period.
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Credit Facility Document:
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Loan Document (and any Secured Hedge Agreement shall be deemed not to be a “Loan Document” for purposes of this Section 3.03(e)):
(i) [Reserved].
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Transaction Document:
(i) Replacing the CDOR Rate. On May 16, 2022 Refinitiv Benchmark Services (UK) Limited (“RBSL”), the administrator of the CDOR Rate, announced in a public statement that the calculation and publication of all tenors of the CDOR Rate will permanently cease immediately following a final publication on Friday, June 28, 2024. On the date that all Available Tenors of the CDOR Rate have either permanently or indefinitely ceased to be provided by RBSL, if the then-current Canadian Benchmark is the CDOR Rate, the Canadian Benchmark Replacement will replace such Canadian Benchmark for all purposes hereunder and under any Transaction Document in respect of any setting of such Canadian Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Transaction Document. If the Canadian Benchmark Replacement is Daily Compounded XXXXX, all interest payments for any CAD Loan will be payable on a quarterly basis.
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Loan Document, in connection with Eurocurrency Rate Loans: (i)On March 5, 2021, the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’sReplacing CDOR. On May 16, 2022, Refinitiv Benchmark Services (UK) Limited (“RBSL”), the administrator (“IBA”)of CDOR, announced in a public statement that the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliestcalculation and publication of all tenors of CDOR will permanently cease immediately following a final publication on Friday, June 28, 2024. On the earlier of (A) the date that all Available Tenors of Dollar LIBORCDOR have either permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative,RBSL and (B) June 3028, 2023 and2024
Canadian Benchmark Replacement Setting of the Existing Credit Agreement is hereby deleted in its entirety and replaced with the following:
Canadian Benchmark Replacement Setting. Notwithstanding anything to the contrary herein or in any other Credit Document (and Eligible Hedging Agreements shall be deemed not to be a “Credit Document” for purposes of this Section 3.07):
Canadian Benchmark Replacement Setting