Common use of Conforming Changes Relating to SOFR Clause in Contracts

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple SOFR, the Administrative Agent will have the right, in consultation with the Seller, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller and the Purchasers of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple 1M SOFR, the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller Borrower and the Purchasers Lenders of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 2 contracts

Samples: Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (Exact Sciences Corp)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple 1M SOFR, the Administrative Agent will have the right, in consultation with the SellerBorrower, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller Borrower, the Lenders and the Purchasers Group Agents of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 2 contracts

Samples: Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple 1M SOFR, as applicable, the Administrative Agent (in its reasonable discretion following consultation with the Borrower) will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided thatprovided, with respect to any such amendment effected, that the Administrative Agent shall provide notice to the Seller Borrower and the Purchasers Group Agents of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 2 contracts

Samples: Receivables Financing Agreement (OLIN Corp), Receivables Financing Agreement (OLIN Corp)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and (or Daily Simple SOFR), the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein in the Amended Agreement or in any other Transaction Amended Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to the Existing Agreement, Amended Agreement, this Agreement Amendment, the Amended Documents, or any other Transaction Existing Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller Borrower and the Purchasers Lenders of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Bentley Systems Inc)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple SOFR, the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller and the Purchasers of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Newell Brands Inc.)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple 1M SOFR, the Administrative Agent will have the right, in consultation with the Seller, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller and the Purchasers of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple SOFRRate, the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein in the Amended Agreement or in any other Transaction Amended Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to the Existing Agreement, Amended Agreement, this Agreement Amendment, the Amended Documents, or any other Transaction Existing Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller Borrower and the Purchasers Lenders of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: , Term Loan and Security Agreement (Integrated Biopharma Inc)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple SOFRRate, the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time with the consent of the Borrower and, notwithstanding anything to the contrary herein or in any other Transaction Credit Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Documentthe Credit Documents; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller and the Purchasers Lenders of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: Revolving Credit Agreement (Akumin Inc.)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple SOFR, the Administrative Agent will have the right, in consultation with the Seller, right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Facility Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Facility Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller Borrower and the Purchasers Lenders of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Newell Brands Inc.)

Conforming Changes Relating to SOFR. With respect to the Term SOFR Rate and Daily Simple 1M SOFR, the Administrative Agent will have the right, in consultation with the Seller, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Transaction Document; provided that, with respect to any such amendment effected, the Administrative Agent shall provide notice to the Seller and the Purchasers of each such amendment implementing such Conforming Changes reasonably promptly after such amendment becomes effective.reasonably

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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