Sustainability Targets. After the Effective Date, the Borrower may submit a written request to the Administrative Agent and the Sustainability Agent that this Agreement be amended to provide for an annual adjustment (an increase, a decrease or no adjustment) to the Applicable Margin based on the performance of the Borrower and its Subsidiaries against the Sustainability Targets (such amendment, the “ESG Amendment”). Such request shall be accompanied by the proposed Sustainability Targets, as prepared by the Borrower in consultation with the Sustainability Agent.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Credit Agreement (Blackstone Secured Lending Fund)
Sustainability Targets. After the Effective Date, the Borrower may submit a written request to the Administrative Agent and the Sustainability Agent Agents that this Agreement be amended to provide for an annual adjustment (an increase, a decrease or no adjustment) to the Applicable Margin based on the performance of the Borrower and its Subsidiaries against the Sustainability Targets (such amendment, the “ESG Amendment”). Such request shall be accompanied by the proposed Sustainability Targets, as prepared by the Borrower in consultation with the Sustainability AgentAgents.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Blackstone Private Credit Fund), Extension Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)
Sustainability Targets. (a) After the Effective Closing Date, the Borrower may submit a written request to the Administrative Agent and the Sustainability Agent that this Agreement be amended to provide for an annual adjustment (an increase, a decrease or no adjustment) to the Applicable Margin Rate based on the performance of the Borrower and its Subsidiaries against the Sustainability Targets (such amendment, the “ESG Amendment”). Such request shall be accompanied by the proposed Sustainability Targets, as prepared by the Borrower in consultation with the Sustainability AgentStructuring Agents.
Appears in 3 contracts
Samples: Revolving Credit Agreement (MPLX Lp), Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp)
