Common use of Changes to reference rates Clause in Contracts

Changes to reference rates. (a) If a Screen Rate Replacement Event has occurred in relation to MPR, any amendment or waiver which relates to: (i) providing for the use of a Replacement Benchmark in relation to MPR; and (A) aligning any provision of any Finance Document to the use of that Replacement Benchmark; (B) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); ​ ​ (C) implementing market conventions applicable to that Replacement Benchmark; (D) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or (E) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Xxxxxxx) and Xxxxxx.

Changes to reference rates. (a) If Subject to Clause 38.2 (Exceptions) paragraph (b), if a Screen Published Rate Replacement Event has occurred in relation to MPRany Published Rate, any amendment or waiver which relates to: (i) providing for the use of a Replacement Benchmark Reference Rate in relation to MPRplace of that Published Rate; and (ii) ​ (A) aligning any provision of any Finance Document to the use of that Replacement Benchmark; Reference Rate; 92 (B) enabling that Replacement Benchmark Reference Rate to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark Reference Rate to be used for the purposes of this Agreement); ​ ​ (C) implementing market conventions applicable to that Replacement BenchmarkReference Rate; (D) providing for appropriate fallback (and market disruption) provisions for that Replacement BenchmarkReference Rate; or (E) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark Reference Rate (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Xxxxxxx) and Xxxxxxthe Borrower.

Changes to reference rates. (a) If Subject to Clause 43.3 (Other exceptions), if a Screen Published Rate Replacement Event has occurred in relation to MPRany Published Rate, any amendment or waiver which relates to: (i) providing for the use of a Replacement Benchmark Reference Rate in relation to MPRplace of the Published Rate; and (A) aligning any provision of any Finance Document to the use of that Replacement BenchmarkReference Rate; (B) enabling that Replacement Benchmark Reference Rate to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark Reference Rate to be used for the purposes of this Agreement); ​ ​; (C) implementing market conventions applicable to that Replacement BenchmarkReference Rate; (D) providing for appropriate fallback (and market disruption) provisions for that Replacement BenchmarkReference Rate; or (E) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark Reference Rate (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Facility Agent (acting on the instructions of the Majority XxxxxxxLenders) and Xxxxxxthe Borrower.

Changes to reference rates. (a) If a Screen Rate Replacement Event has occurred in relation to MPR, any amendment or waiver which relates to: (i) providing for the use of a Replacement Benchmark in relation to MPR; and (A) aligning any provision of any Finance Document to the use of that Replacement Benchmark; (B) enabling that Replacement Benchmark to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark to be used for the purposes of this Agreement); ​ ​ (C) implementing market conventions applicable to that Replacement Benchmark; (D) providing for appropriate fallback (and market disruption) provisions for that Replacement Benchmark; or (E) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Agent (acting on the instructions of the Majority Xxxxxxx) and Xxxxxx.

Changes to reference rates. (a) If a Screen Rate Subject to Clause 42.3 (Other exceptions), if an RFR Replacement Event has occurred in relation to MPR, any amendment or waiver which relates to: (i) providing for the use of a Replacement Benchmark Reference Rate in relation to MPRplace of the RFR; and (A) aligning any provision of any Finance Document to the use of that Replacement BenchmarkReference Rate; (B) enabling that Replacement Benchmark Reference Rate to be used for the calculation of interest under this Agreement (including, without limitation, any consequential changes required to enable that Replacement Benchmark Reference Rate to be used for the purposes of this Agreement); ​ ​; (C) implementing market conventions applicable to that Replacement BenchmarkReference Rate; (D) providing for appropriate fallback (and market disruption) provisions for that Replacement BenchmarkReference Rate; or (E) adjusting the pricing to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value from one Party to another as a result of the application of that Replacement Benchmark Reference Rate (and if any adjustment or method for calculating any adjustment has been formally designated, nominated or recommended by the Relevant Nominating Body, the adjustment shall be determined on the basis of that designation, nomination or recommendation), may be made with the consent of the Facility Agent (acting on the instructions of the Majority XxxxxxxLenders) and Xxxxxxthe Borrowers.