Common use of London Interbank Offered Rate Benchmark Transition Event Clause in Contracts

London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA and the FCA announced in the Announcements that the final publication or representativeness date for Dollars for (i) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (ii) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to Section 4.2.(b)(iii) shall be deemed satisfied.

London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA IBA, the administrator of the London interbank offered rate, and the FCA announced in FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness date for Dollars for (i1) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (ii2) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to Section 4.2.(b)(iii3.6(d)(iii) shall be deemed satisfied.

London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA and the FCA announced in the Announcements that the final publication or representativeness date for Dollars for (i) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (ii) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to Section 4.2.(b)(iii4.2(b)(iii) shall be deemed satisfied.

London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA IBA, the administrator of the London interbank offered rate, and the FCA announced in FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness date for Dollars for (iI) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (iiII) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event Announcements pursuant to Section 4.2.(b)(iii) 3.03 shall be deemed satisfied.

London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA IBA, the administrator of London interbank offered rate, and the FCA announced in FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness date for the London interbank offered rate for: (I) Dollars for (i) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (iiII) Dollars for overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement all LIBOR Loans and that any obligation of the Administrative Agent shall have no obligation to notify any parties of any such Benchmark Transition Event pursuant to Section 4.2.(b)(iii) shall be deemed satisfiedEvent.