Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO rate and (ii) any request for a new Eurocurrency Rate Loan, or to continue an existing Eurocurrency Rate Loan, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
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Samples: Libor Transition Amendment (Level 3 Parent, LLC), Libor Transition Amendment (Lumen Technologies, Inc.)
Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO LIBOR rate and (ii) any request for a new Eurocurrency Rate LoanLoan denominated in Dollars, or to continue an existing Eurocurrency Rate LoanLoan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFRthe BSBY Rate; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 1 contract
Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO LIBOR rate and (ii) any request for a new Eurocurrency Rate LoanLoan denominated in Dollars, or to continue an existing Eurocurrency Rate LoanLoan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 1 contract
Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO LIBOR rate and (ii) any request for a new Eurocurrency Rate Loan, or to continue an existing Eurocurrency Rate Loan, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 1 contract
Samples: Libor Transition Amendment (Lumen Technologies, Inc.)
Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO LIBOR rate and (ii) any request for a new Eurocurrency Rate LoanLoan denominated in Dollars, or to continue an existing Eurocurrency Rate LoanLoan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Early Opt-in Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 1 contract
Impacted Currencies. (i) Dollars shall not be considered a currency for which there is a published LIBO rate Rate and (ii) any request for a new Eurocurrency Rate Loan, or to continue an existing Eurocurrency Rate Loan, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the LIBOR Transition Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
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