SOFR Early Opt-in definition
SOFR Early Opt-in means the Administrative Agent and the Company have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(b)(i) and paragraph (1) of the definition of “Benchmark Replacement”.
SOFR Early Opt-in means the Administrative Agent and the Borrower have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(c)(i) and paragraph (1) of the definition of “Benchmark Replacement”.
SOFR Early Opt-in means the Administrative Agent and ▇▇▇▇▇▇▇▇ have elected to replace LIBO Rate pursuant to (1) an Early Opt-in Election and (2) Section 2.16(c)(i) and paragraph (1) of the definition of “Benchmark Replacement”.
Examples of SOFR Early Opt-in in a sentence
Upon the occurrence of a Benchmark Transition Event or a SOFR Early Opt-in, Section 3.03 provides the mechanism for determining an alternative rate of interest.
SOFR Early Opt-in: Agent and ▇▇▇▇▇▇▇▇ have elected to replace LIBOR pursuant to (a) an Early Opt-in Election and (b) Section 3.6.2(a) and clause (a) of the definition of “Benchmark Replacement”.
More Definitions of SOFR Early Opt-in
SOFR Early Opt-in has the meaning specified in Section 3.03(b).
SOFR Early Opt-in means the Administrative Agent and the Company have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and
SOFR Early Opt-in means the Administrative Agent and the Borrower have elected to replace LIBOR with respect to Revolving Credit Loans pursuant to (1) an Early Opt-in Election and (2) clause (b)(i) of the definition of “Eurocurrency Rate” and paragraph (1) of the definition of “Benchmark Replacement”.
SOFR Early Opt-in means the Administrative Agent and the Borrower have elected to replace USD LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(b)(i) and clause (1) of the definition of “Benchmark Replacement.” “Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. This Section 3.03(bc) shall supersede any provisions in Section 10.01 to the contrary. (d) (c) Replacement of Relevant Rate or Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, but subject to the provisions of Section 3.03(b) and (c) with respect to the replacement of USD LIBORTerm SOFR, SOFR and CDOR, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining the Relevant Rate (other than Term SOFR, SOFR and CDOR) for an Agreed Currency (other than Dollars and Canadian Dollars) because none of the tenors of such Relevant Rate (including any forward-looking term rate thereof)other than Term SOFR, SOFR and CDOR) under this
SOFR Early Opt-in means the Administrative Agent and the Borrower have elected to replace LIBOR pursuant to
SOFR Early Opt-in the Administrative Agent and the Parent have elected to replace LIBOR pursuant to (a) an Early Opt-in Election and (b) Section 2.16(b)(i) and paragraph (a) of the definition of “Benchmark Replacement”.
SOFR Early Opt-in means the Administrative Agent and the Company have elected to replace LIBOR pursuant to (a) an Early Opt-in Election, and (b) S ection 2.21(a)(i) and c lause (a) of the definition of “Benchmark Replacement”.