Common use of Replacement of Screen Rate Clause in Contracts

Replacement of Screen Rate. (a) Subject to Clause 27.3, if the Screen Rate is not available for Dollars, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to Dollars, in place of that Screen Rate (or which relates to aligning any provision of a Finance Document to the use of that benchmark rate) may be made with the consent of the Majority Lenders and the Security Parties.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

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Replacement of Screen Rate. (a) Subject to Clause 27.3, if the Screen Rate is not available for Dollarsdollars, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to Dollarsdollars, in place of that Screen Rate (or which relates to aligning any provision of a Finance Document to the use of that benchmark rate) may be made with the consent of the Majority Lenders and the Security Parties.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Replacement of Screen Rate. Subject to paragraph (a) Subject to of Clause 27.341.6 (Other exceptions), if the any Screen Rate is not available for Dollarsa currency which can be selected for a Loan, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to Dollars, that currency in place of that Screen Rate (or which relates to aligning any provision of a Finance Document to the use of that other benchmark rate) may be made with the consent of the Majority Lenders and the Security PartiesObligors’ Agent.

Appears in 1 contract

Samples: Senior Facilities Agreement (Fintrax US Acquisition Subsidiary, Inc.)

Replacement of Screen Rate. Subject to paragraph (a) Subject to of Clause 27.3, 36.4 (Other exceptions) if the any Screen Rate is not available for Dollarsa currency which can be selected for a Loan, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to Dollars, that currency in place of that Screen Rate (or which relates to aligning any provision of a Finance Document to the use of that other benchmark rate) may be made with the consent of the Majority Lenders and the Security PartiesBorrower.

Appears in 1 contract

Samples: Senior Facilities Agreement (OneSmart International Education Group LTD)

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Replacement of Screen Rate. (a) Subject a)Subject to Clause 27.3, if If a Screen Rate Replacement Event has occurred in relation to the Screen Rate is not available for Dollars, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to Dollars, in place of that Screen Rate (or which relates to aligning any provision of a Finance Document to the use of that benchmark rate) may be made with the consent of the Majority Lenders and the Security Parties.:

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

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