Credit Spread Adjustment. The Borrowers and the Lender agree to amend the credit spread adjustment provided for in the definition of “Canadian Benchmark Replacement” from time to time to give effect to any evolving or then‐prevailing market convention with respect to the applicable credit spread adjustment for Term XXXXX or Daily Compounded XXXXX, including any applicable recommendations made by the Relevant Canadian Governmental Body, for Canadian dollar‐denominated syndicated credit facilities at such time.
Credit Spread Adjustment. The Borrowers and the Lender agree to amend the credit spread adjustment provided for in the definition of “Canadian Benchmark Replacement” from time to time to give effect to any evolving or then‐prevailing market convention with respect to the applicable credit spread adjustment for Term XXXXX or Daily Compounded XXXXX, including any applicable recommendations made by the Relevant Canadian Governmental Body, for Canadian dollar‐denominated syndicated credit facilities at such time. 2.13.9 Definitions used in this Section 2.13. The following terms used in this Section 2.13 have the meanings set out herein: “Canadian Available Tenor” means, as of any date of determination and with respect to the then‐ current Canadian Benchmark, as applicable, (x) if the then‐current Canadian Benchmark is a term rate, any tenor for such Canadian Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any payment period for
Credit Spread Adjustment. Notwithstanding anything in this Agreement to the contrary, each of the Agent and the Required Lenders agree that after August 16, 2023, upon a one-time request by the Borrower, the Agent shall engage in good faith discussions regarding a potential adjustment of the Credit Spread Adjustment to reflect then current market practice. Any such adjustment of the Credit Spread Adjustment may be effectuated by an amendment that shall only require the consent of the Agent and the Borrower.
