Common use of Transition to Adjusted Term SOFR Clause in Contracts

Transition to Adjusted Term SOFR. Notwithstanding any other provision herein or in the Credit Agreement, the interest on any Loans outstanding as of the Conforming Changes Amendment Effective Date will continue to be determined by reference to the LIBOR provisions that apply prior to the Conforming Changes Amendment Effective Date, until the end of the then current Interest Period on such Loans, at which time interest shall be determined after giving effect to the Credit Agreement, as amended by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (SeaWorld Entertainment, Inc.), Term Loan Credit Agreement (Installed Building Products, Inc.)

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Transition to Adjusted Term SOFR. Notwithstanding any other provision herein or in the Existing Credit Agreement, the interest on any Loans (outstanding as of the Conforming Changes Amendment Effective Date will continue to be determined by reference to the LIBOR LIBO Screen Rate provisions that apply prior to the Conforming Changes Amendment Effective Date, until the end of the then current Interest Period (as defined in the Existing Credit Agreement) on such Loans, at which time and after the Conforming Changes Amendment Effective Date interest shall be determined after giving effect to the Amended Credit Agreement, as amended by this Agreement.. ​ 4867-9115-5552v.54 ​

Appears in 1 contract

Samples: Credit Agreement (Dillard's, Inc.)

Transition to Adjusted Term SOFR. Notwithstanding any other provision herein or in the Existing Credit Agreement, the interest on any Loans (outstanding as of the Conforming Changes Amendment No. 2 Effective Date Date) will continue to be determined by reference to the LIBOR provisions that apply prior to the Conforming Changes Amendment No. 2 Effective Date, until the end of the then current Interest Period (as defined in the Existing Credit Agreement as in existence prior to giving effect to this Amendment) on such Loans, at which time and after the Amendment No. 2 Effective Date interest shall be determined after giving effect to the Credit Agreement, as amended by this AgreementAmendment.

Appears in 1 contract

Samples: Credit Agreement (Micron Technology Inc)

Transition to Adjusted Term SOFR. Notwithstanding any other provision herein or in the Credit Agreement, the interest on any Loans outstanding as of the Conforming Changes Amendment No. 10 Effective Date will continue to be determined by reference to the LIBOR provisions that apply prior to the Conforming Changes Amendment No. 10 Effective Date, until the end of the then current Interest Period on such Loans, at which time interest shall be determined after giving effect to the Amended Credit Agreement. The first Interest Period based on Term SOFR will commence on July 1, as amended by this Agreement2023.

Appears in 1 contract

Samples: Credit Agreement (Burlington Stores, Inc.)

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Transition to Adjusted Term SOFR. Notwithstanding any other provision herein or in the Existing Term Loan Credit Agreement, the interest on any Loans (outstanding as of the Conforming Changes Amendment No. 2 Effective Date Date) will continue to be determined by reference to the LIBOR provisions that apply prior to the Conforming Changes Amendment No. 2 Effective Date, until the end of the then current Interest Period (as defined in the Existing Term Loan Credit Agreement as in existence prior to giving effect to this Amendment) on such Loans, at which time and after the Amendment No. 2 Effective Date interest shall be determined after giving effect to the Credit Agreement, as amended by this AgreementAmendment.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Micron Technology Inc)

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