Examples of Benchmark in a sentence
In addition, the Borrower will amend any existing Promissory Notes affected by such Conforming Changes by means of allonges (hojas de prolongación) to reflect any Conforming Changes, or any other change needed or deemed necessary in case of a Benchmark Replacement, and will deliver such allonges (hojas de prolongación), duly authorized by a Chilean notary public, to the Administrative Agent, on the same date that such conforming changes become effective.
The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement.
The Initial Loans may from time to time be Term Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6.
In connection with the use, administration, adoption or implementation of a Benchmark Replacement, 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.
Benchmark Replacement Setting 46 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.1. Taxes.