Common use of Term SOFR Conforming Changes Clause in Contracts

Term SOFR Conforming Changes. With respect to SOFR or Term SOFR, the 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; provided that, with respect to any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to the Parent and the Lenders reasonably promptly after such amendment becomes effective.

Appears in 3 contracts

Samples: Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.), Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.), Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.)

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Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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 Other 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 Other Document; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Borrowers and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 3 contracts

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/), Term Loan Credit and Security Agreement (Quantum Corp /De/), Term Loan Credit and Security Agreement (Quantum Corp /De/)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to any such amendment effected, . Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Borrowers and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Samples: Credit Agreement (AerSale Corp), Credit Agreement (AerSale Corp)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent (in consultation with the Borrower) 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Samples: Credit Agreement (Upland Software, Inc.), Term Loan Credit Agreement (Delek US Holdings, Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Company and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Samples: Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (Penske Automotive Group, Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent will have the right (in consultation with the Borrower Agent) 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Borrower Agent shall post each such amendment implementing such Conforming Changes to the Parent and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Samples: Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Term SOFR Conforming Changes. With respect to In connection with the use or administration of Term SOFR or and Adjusted Term SOFR, the 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; provided that, with respect to any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to the Parent and the Lenders reasonably promptly after such amendment becomes effective.in

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent (in consultation with the Par Borrower) 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Par Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Par Pacific Holdings, Inc.)

Term SOFR Conforming Changes. With respect to In connection with the use or administration of Term SOFR or and Daily Term SOFR, the 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; provided that, with respect to any such amendment effected, . Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR and Daily Term SOFR.

Appears in 1 contract

Samples: Loan and Security Agreement (AB Commercial Real Estate Private Debt Fund, LLC)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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 DocumentDocument or the Unsecured ProFrac Guarantee, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or Agreement, any other Loan Document; provided that, with respect to any such amendment effected, Document or the Unsecured ProFrac Guarantee. The Agent shall post each such amendment implementing such Conforming Changes to will promptly notify the Parent Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to . Agent will promptly notify Administrative Borrower and Lenders of the effectiveness of any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to in connection with the Parent and the Lenders reasonably promptly after such amendment becomes effectiveuse or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (CPI Card Group Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Adjusted Term SOFR, the 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; provided that, with respect to any such amendment effected, the . Agent shall post each such amendment implementing such Conforming Changes to the Parent will promptly notify Administrative Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Adjusted Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (Delta Apparel, Inc)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent will have (in consultation with the right Borrower) shall endeavor in good faith 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; provided that, with respect to . The Agent will promptly notify the Lenders and the Borrower of the effectiveness of any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to in connection with the Parent and the Lenders reasonably promptly after such amendment becomes effectiveuse or administration of Term SOFR.

Appears in 1 contract

Samples: Loan Agreement (Amicus Therapeutics, Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Facility Agent will have the right to make Conforming Changes from time to time following consultation with the Company 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; provided that, with respect to any such amendment effected, . The Facility Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Company and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Term Loan Agreement (Sun Country Airlines Holdings, Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, Agent (in consultation with the Agent Borrower) 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; provided that, with respect to any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes Document other than written notice thereof to the Parent Borrower. Agent will promptly notify Borrower and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (Foot Locker, Inc.)

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Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to . Agent will promptly notify Administrative Borrower and Lenders of the effectiveness of any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to in connection with the Parent and the Lenders reasonably promptly after such amendment becomes effective.use or administration of Term SOFR. ​

Appears in 1 contract

Samples: Credit Agreement (CPI Card Group Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to any such amendment effected, the . Agent shall post each such amendment implementing such Conforming Changes to the Parent will promptly notify Administrative Borrower and the Lenders reasonably promptly after such amendment becomes effective.of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR

Appears in 1 contract

Samples: Credit Agreement (Emergent BioSolutions Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to . Agent will promptly notify Administrative Borrower and Lenders of the effectiveness of any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to in connection with the Parent and the Lenders reasonably promptly after such amendment becomes effectiveuse or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (CPI Card Group Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent will have the right to make Conforming Changes from time to time time, in consultation with the Company and, notwithstanding anything to the contrary herein or in any other Loan Documentherein, 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; provided that, with respect to any such amendment effected, Agreement. The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Company and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein he rein 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; provided that, with respect to any such amendment effected, the . Agent shall post each such amendment implementing such Conforming Changes to the Parent will promptly notify Administrative B orrower and the Lenders reasonably promptly after such amendment becomes effective.of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR. 2.7

Appears in 1 contract

Samples: Credit Agreement (Independence Contract Drilling, Inc.)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Borrowers and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (Stitch Fix, Inc.)

Term SOFR Conforming Changes. With respect to In connection with the use or administration of Term SOFR or and Adjusted Term SOFR, the 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; provided that, with respect to any such amendment effected, . The Agent will promptly notify the Agent shall post each such amendment implementing such Conforming Changes to the Parent Company and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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 (and no other changes) will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the . Agent shall post each such amendment implementing such Conforming Changes to the Parent will promptly notify Borrower Representative and the Lenders reasonably promptly after such amendment becomes effectiveof the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Global Corp)

Term SOFR Conforming Changes. With respect to SOFR In connection with the use or administration of Term SOFR, the 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 Other 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 Other Document; provided that, with respect to . Agent will promptly notify Borrower Representative of the effectiveness of any such amendment effected, the Agent shall post each such amendment implementing such Conforming Changes to in connection with the Parent and the Lenders reasonably promptly after such amendment becomes effectiveuse or administration of Term SOFR.

Appears in 1 contract

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)

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