Examples of Floating Rate Required Holders in a sentence
In connection with the implementation of a Benchmark Replacement, the Floating Rate Required Holders, with the consent of the Company, will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of the other parties hereto.
Additionally, the Company may object to any changes to this Agreement that would cause an adverse tax consequence to the Company as a result of such changes and, in that case, the Floating Rate Required Holders and the Company shall negotiate in good faith to adjust the changes to eliminate such tax consequence if feasible.
The Floating Rate Required Holders will promptly notify the Company and other parties hereto of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, and (iv) the commencement or conclusion of any Benchmark Unavailability Period.
This Agreement shall become effective only upon the date of the Company and the Floating Rate Required Holders shall have executed and delivered this Agreement.
In addition, reference is made to FAIRNET’s data protection information.
In the event that a Benchmark Replacement is implemented as set forth above at a time that Term SOFR is unavailable, at the request of the Company, the Floating Rate Required Holders and the Company may make further changes to this Agreement to implement Term SOFR as the Benchmark Replacement, effective following the immediately succeeding Dividend Payment Date after such changes are agreed to.
In the event that any holder does not concur with such determination by the Company, as evidenced by notice to the Company given by such holder within ten (10) Business Days after receipt by the holders of the notice delivered by the Company pursuant to the immediately preceding sentence, the determination of the Adjusted LIBOR Rate shall be made by Floating Rate Required Holders in accordance with the provisions of this Agreement, shall be conclusive and binding absent manifest error.
In connection with the implementation of a Benchmark Replacement, the Floating Rate Required Holders, with the consent of the Company, will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendmentsimplementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of the other parties hereto (other than the consent of the Company).
In connection with the implementation of a Benchmark Replacement, the Floating Rate Required Holders, with the consent of the Company, will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of the other parties hereto (other than the consent of the Company).
In connection with the implementation of a Benchmark Replacement, the Floating Rate Required Holders, with the consent of the Company, will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing suchBenchmark Replacement Conforming Changes will become effective without any further action or consent of the other parties hereto (other than the consent of the Company).