Term SOFR and Adjusted Floating Overnight Daily SOFR Rate Conforming Changes. In connection with the use or administration of Term SOFR or the Adjusted Floating Overnight Daily SOFR Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or the Adjusted Floating Overnight Daily SOFR Rate.
Appears in 4 contracts
Samples: Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties)
Term SOFR and Adjusted Floating Overnight Daily SOFR Rate Conforming Changes. In connection with the use or administration of Term SOFR or the Adjusted Floating Overnight Daily SOFR Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or the Adjusted Floating Overnight Daily SOFR Rate.. ARTICLE IV CONDITIONS PRECEDENT
Appears in 1 contract
