Common use of Replacement of Term SOFR and SOFR or a Successor Rate Clause in Contracts

Replacement of Term SOFR and SOFR or a Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

Appears in 6 contracts

Samples: Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty Trust, Inc.), Credit Agreement (Empire State Realty Trust, Inc.)

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Replacement of Term SOFR and SOFR or a Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentDocuments, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Ventas, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (American Assets Trust, L.P.)

Replacement of Term SOFR and SOFR or a Successor Rate. Notwithstanding anything to the contrary in this Credit Agreement or any other Loan DocumentCredit Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the BorrowerBorrowers) that the Borrower Borrowers or Required Lenders (as applicable) have determined, that:

Appears in 1 contract

Samples: Credit Agreement (Brandywine Operating Partnership, L.P.)

Replacement of Term SOFR and SOFR or a Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentDocuments, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the BorrowerBorrowers) that the Borrower Borrowers or Required Lenders (as applicable) have determined, that:

Appears in 1 contract

Samples: Credit Agreement (Summit Hotel Properties, Inc.)

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Replacement of Term SOFR and SOFR or a Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

Appears in 1 contract

Samples: Credit Agreement (Empire State Realty OP, L.P.)

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