Early Opt-in Election means the occurrence of:
Early Opt-in Election means, if the then-current Benchmark is USD LIBOR, the occurrence of:
Early Opt-in Election means, if the then-current Benchmark is LIBO Rate, the occurrence of:
Examples of Early Opt-in Election in a sentence
Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, Section 2.11(b) and (c) provide a mechanism for determining an alternative rate of interest.
The Administrative Agent will promptly notify the Borrower Agent and the Lenders of (i) any occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii)and (ii) the effectiveness of any Benchmark Replacement 116 Conforming Changes, (iv) in connection with the use, administration, adoption or implementation of a Benchmark Replacement.
More Definitions of Early Opt-in Election
Early Opt-in Election means, if the then-current Benchmark is LIBOR, the occurrence of:
Early Opt-in Election means, if the then-current Benchmark is USD LIBO Rate, the occurrence of:
Early Opt-in Election means, if the then-current Benchmark is the LIBOR Rate, the occurrence of:
Early Opt-in Election if the then-current Benchmark is the Eurodollar Rate, the occurrence of:
Early Opt-in Election means the occurrence of: (1) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.12, are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBOR Rate, and (2) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.
Early Opt-in Election if the then-current Benchmark is LIBO Rate, the occurrence of:
Early Opt-in Election means the occurrence of: (1)(i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.07(d) are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and (2)(i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.