LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Successor Rate, any conforming changes to the definitions of Base Rate and Interest Period and any defined terms used therein, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable discretion of the Agent, to reflect the adoption of such LIBO Successor Rate and to permit the administration thereof by the Agent in a manner substantially consistent with market practice (or, if the Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBO Successor Rate exists, in such other manner of administration as the Agent determines in consultation with the Borrower).
LIBO Successor Rate Conforming Changes means, with respect to any proposed successor interest rate benchmark contemplated by the last paragraph of Section 2.14, any conforming changes to the definitions of “Alternate Base Rate”, “LIBO Rate” and “Interest Period” and any related definitions, the timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable, good faith discretion of the Administrative Agent and the Borrower, to reflect the adoption of such successor interest rate benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such successor interest rate benchmark exists, in such other manner of administration as the Administrative Agent and the Borrower determine reasonably and in good faith). For the avoidance of doubt, any amendment effectuating any LIBO Successor Rate Conforming Changes shall be subject to the Borrower’s approval as contemplated by the last paragraph of Section 2.14.
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable discretion of the Administrative Agent, in consultation with Xxxx and in a manner consistent with the syndicated loan market at such time in the United States for similarly situated Borrowers, to reflect the adoption of such LIBO Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with such market practice (or, if the Administrative Agent reasonably determines that adoption of any portion of such market practice is not administratively feasible or that no such market practice for the administration of such LIBO Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with Xxxx).
Examples of LIBO Successor Rate Conforming Changes in a sentence
The Agent does not warrant, nor accept responsibility, nor shall the Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “LIBO Rate” or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including, without limitation, any LIBO Successor Rate) or the effect of any of the foregoing, or of any LIBO Successor Rate Conforming Changes.
The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “LIBO Rate” or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including, without limitation, any LIBO Successor Rate) or the effect of any of the foregoing, or of any LIBO Successor Rate Conforming Changes.
Upon the effectiveness of such LIBO Successor Rate, the Administrative Agent and Xxxxxxxx may amend this Agreement to replace the LIBO Rate with such LIBO Successor Rate and make any LIBO Successor Rate Conforming Changes.
Notwithstanding anything to the contrary herein, the Borrowers and the Administrative Agent may amend this agreement to incorporate and reflect any LIBO Successor Rate and any related LIBO Successor Rate Conforming Changes contemplated by Section 2.14(b), which amendments may be effectuated without requiring the consent of any Lender except to the extent required by Section 2.14(b).
More Definitions of LIBO Successor Rate Conforming Changes
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Rate Successor Rate for any LIBO Rate and currency, any conforming changes to the definition of Base Rate, Interest Period, LIBO Rate, Business Day, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent and the Company, to reflect the adoption of such LIBO Rate Successor Rate for such LIBO Rate, Interest Period and currency and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBO Rate Successor Rate for such LIBO Rate and currency exists, in such other manner of administration as the Administrative Agent and the Borrowers agree).
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Successor Rate, any conforming changes to the definition of LIBO Rate, Adjusted LIBO Rate, Alternate Base Rate, Applicable Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters in each case as may be appropriate, in the reasonable discretion of the Administrative Agent, to reflect the adoption of such LIBO Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBO Successor Rate exists, in such other manner of administration as the Administrative Agent reasonably determines in consultation with the Borrower).
LIBO Successor Rate Conforming Changes has the meaning assigned to such term in Section 2.14(b).
LIBO Successor Rate Conforming Changes shall have the meaning specified in Section 9.08.
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Successor Rate, any conforming changes to the definition of Base Rate, U.S. Index Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Agent, to reflect the adoption of such LIBO Successor Rate and to permit the administration thereof by the Agent in a manner substantially consistent with market practice (or, if the Agent determines that adoption of any portion of such market practice is not administratively
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBO Successor Rate, any conforming changes to the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such LIBO Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBO Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).
LIBO Successor Rate Conforming Changes means, with respect to any proposed LIBOR Successor Rate, any technical, administrative