Examples of LIBOR Replacement Rate in a sentence
The LIBOR Replacement Rate shall be applied in a manner consistent with market practice; provided that, in each case, to the extent such market practice is not administratively feasible for Administrative Agent, such LIBOR Replacement Rate shall be applied as otherwise determined by Administrative Agent (it being understood that any such modification to application by Administrative Agent made as so determined shall not require the consent of, or consultation with, any of the Lenders).
For the avoidance of doubt, the parties hereto agree that unless and until a LIBOR Replacement Rate is determined and an amendment to this Credit Agreement is entered into to effect the provisions of this Section 15.1(h), if the circumstances under clauses (i) and (ii) of this Section 15.1(h) exist, the provisions of subsections (a) and (b) above to this Section 15.1 shall apply.
Notwithstanding the foregoing, if LIBOR (including any Class A-1 LIBOR Replacement Rate) with respect to any Class of Floating Rate Notes for any Interest Accrual Period (or portion thereof, in the case of the first Interest Accrual Period) as determined pursuant to the foregoing would be a rate less than zero, LIBOR with respect to such Class of Floating Rate Notes for such Interest Accrual Period (or such portion thereof) shall be zero.
The LIBOR Replacement Rate shall be applied in a manner consistent with market practice; provided that, in each case, to the extent such market practice is not administratively feasible for the Agent, such LIBOR Replacement Rate shall be applied as otherwise reasonably determined by the Agent (it being understood that any such modification to application by the Agent made as so determined shall not require the consent of, or consultation with, the Lender).
Appendix H is the Field Edit Specifications and a sample field list for Type-7 records.