LIBOR Related Amendment definition

LIBOR Related Amendment means a change to the definitions of “One-Month LIBOR”, “Class A Rate” or “Class B Rate”, which changes are for the purpose of selecting as a Benchmark Replacement (i) the applicable alternative index to LIBOR selected by the Department plus or minus a comparable spread, or (ii) an alternative index (other than with respect to a SOFR based rate) to LIBOR plus or minus a comparable spread determined by the Administrator, in its reasonable discretion, to be in the best interest of the Noteholders and the Trust, in each of the cases (i) and (ii) above, in accordance with the first paragraph of Section 9.2 and with, either (x) the consent of holders of not less than a majority of the Outstanding Amount of the Notes together with prior notice to the Rating Agencies; provided that, prior to becoming effective, within thirty days of receipt of such notice, no Rating Agency shall have notified the Indenture Trustee that such LIBOR Related Amendment will cause any of the Rating Agencies to downgrade or withdraw any of its applicable ratings of the Notes or (y) the consent of holders of not less than a majority of each class of Notes together with prior notice to the Rating Agencies.
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LIBOR Related Amendment means a change to the related interest rates on the Class A-1B Notes and the Class B Notes to the applicable alternative index to LIBOR selected by the Department of Education plus or minus a comparable spread (if the Department of Education chooses to use an alternative index to LIBOR other than the Benchmark Replacement to calculate Special Allowance Payments) and any associated changes that are reasonably necessary to adopt or to implement such rate change, which changes shall become effective upon either (i) obtaining the consent of the Noteholders of not less than a majority of the outstanding principal amount of the Class A-1B Notes and the Class B Notes and satisfaction of the Rating Agency Condition, or
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LIBOR Related Amendment means a change to the definition of the One-Month LIBOR rate, or the related interest rate on the Notes, which change is for the purpose of identifying a reference rate other than LIBOR on the Notes, provided that such amendment is effected following a determination by the Issuer, as evidenced by an Issuer Certificate delivered to the Trustee, that the London interbank offered rate for deposits in U.S. dollars having a maturity of one month (a) is no longer available on Reuters Page LIBOR01 or comparable service as is customarily used to quote LIBOR and is not reasonably expected to be so available after such date, (b) is no longer quoted by the banks in the London interbank market selected by the Master Servicer as set forth in the definition of One-Month LIBOR and is not reasonably expected to be quoted after such date, and (c) has not been replaced by a successor reference rate designated as “LIBOR” or recognized as a successor thereto by regulation applicable to
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Examples of LIBOR Related Amendment in a sentence

  • The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own right, duties or immunities under this Indenture or otherwise (including, without limitation, in connection with the adoption of any Benchmark Replacement Conforming Changes or a LIBOR Related Amendment).

  • Respect to Benchmark Transition Event or Benchmark Replacement; Notice of Benchmark Transition Event or LIBOR Related Amendment.

  • The terms of the Class A-1A Notes set forth in Exhibit A-1 hereto, the terms of the Class A-1B Notes set forth in Exhibit A-2 hereto and the terms of the Class B Notes set forth in Exhibit B hereto are part of the terms of this Indenture, which terms may be amended in connection with a Benchmark Transition Event or a LIBOR Related Amendment.

  • Notwithstanding the foregoing, if the Department chooses to use an alternative index other than SOFR for Special Allowance Payments, the Administrator may direct the Issuer and the Indenture Trustee to enter into a LIBOR Related Amendment, which shall become effective upon meeting the conditions set forth in the definition thereof.

  • Notwithstanding the foregoing, if the Department chooses to use an alternative index other than SOFR for Special Allowance Payments, the Administrator may direct the Issuer and the Indenture Trustee to enter into a LIBOR Related Amendment, which shall become effective upon meeting the conditions set forth in the definition thereof; and No Liability for Selection of Replacement Index.


More Definitions of LIBOR Related Amendment

LIBOR Related Amendment means a change to the related interest rates on the Class A-1B Notes and the Class B Notes to the applicable alternative index to LIBOR selected by the Department of Education plus or minus a comparable spread (if the Department of Education chooses to use an alternative index to LIBOR other than the Benchmark Replacement to calculate Special Allowance Payments) and any associated changes that are reasonably necessary to adopt or to implement such rate change, which changes shall become effective upon either (i) obtaining the consent of the Noteholders of not less than a majority of the Outstanding Amount of the Class A-1B Notes and the Class B Notes and satisfaction of the Rating Agency Condition, or (ii) obtaining the consent of the Noteholders of not less than a majority of the Outstanding Amount of each Class of the Notes. The Trustee is not obligated to enter into any LIBOR Related Amendment that adversely affects its duties or protections without its consent and shall have no liability for entering into a LIBOR Related Amendment.
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LIBOR Related Amendment means a change to the definitions of "One-Month LIBOR", "Two-Month LIBOR" and "Three-Month LIBOR" and "Class A Rate", which changes are for the purpose of selecting as a Benchmark Replacement (i) the applicable alternative index to LIBOR selected by the Department of Education plus or minus a comparable spread, or (ii) an alternative index (other than with respect to a SOFR based rate) to LIBOR plus or minus a comparable spread determined by the Master Servicer, in its reasonable discretion, to be in the best interest of the Noteholders and the Trust, in each of the cases (i) and (ii) above, with, either (x) the consent of holders of not less than a majority of the Class A Notes together with prior notice to the Rating Agencies; provided that, prior to becoming effective, within thirty days of receipt of such notice, no Rating Agency shall have notified the Indenture Trustee that such LIBOR Related Amendment will cause any of the Rating Agencies to downgrade or withdraw any of its applicable ratings of the Offered Securities or (y) the consent of the holders of the Notes of not less than the majority of each class of the Class A Notes together with prior notice to the Rating Agencies."
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LIBOR Related Amendment. “Rating Agency Condition”, “Reference Time”,
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LIBOR Related Amendment means a change to the definitions of “Two-Month LIBOR” and “Three-Month LIBOR” or “Class A-4 Rate” or “Class B Rate”, which changes are for the purpose of selecting as a Benchmark Replacement (i) the applicable alternative index to LIBOR selected by the Department plus or minus a comparable spread, or (ii) an alternative index (other than with respect to a SOFR based rate) to LIBOR plus or minus a comparable spread determined by the Administrator, in its reasonable discretion, to be in the best interest of the Noteholders and the Trust, in each of the cases
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Related to LIBOR Related Amendment

  • Restricted Amendment means the following: (A) an amendment of Specification 1, (B) except to the extent addressed in Section 2.10 hereof, an amendment that specifies the price charged by Registry Operator to registrars for domain name registrations, (C) an amendment to the definition of Registry Services as set forth in the first paragraph of Section 2.1 of Specification 6, or (D) an amendment to the length of the Term.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • L/C Amendment Application means an application form for amendment of an outstanding standby or commercial documentary letter of credit as shall at any time be in use at the Issuing Lender, as the Issuing Lender shall request.

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that:

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Other Loans or Other Commitments being incurred or provided pursuant thereto, in accordance with Section 2.15.

  • Extension Amendment has the meaning set forth in Section 2.16(d).

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • ESG Amendment has the meaning specified in Section 2.18.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Amendment No. 6 Effective Date has the meaning set forth in Amendment No. 6.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in substantially the form of Exhibit F (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.14.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.