Term CXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term CXXXX Transition Event.
Term CXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term CXXXX Transition Event. “Term CXXXX Transition Date” means, in the case of a Term CXXXX Transition Event, the date that is set forth in the Term CXXXX Notice provided to the Lenders and the Borrower, for the replacement of the then-current Canadian Benchmark with the Canadian Benchmark Replacement described in clause (a)(i) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term CXXXX Notice. “Term CXXXX Transition Event” means the determination by the Administrative Agent that (a) Term CXXXX has been recommended for use by the Relevant Governmental Body, and is determinable for any Available Tenor, (b) the administration of Term CXXXX is administratively feasible for the Administrative Agent, (c) a Canadian Benchmark Replacement, other than Term CXXXX, has replaced CDOR in accordance with Section 3.03(c) and (d) Borrower has provided a written request to Administrative Agent to transition to Txxx XXXXX. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided
Term CXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term CXXXX Transition Event. “Term CXXXX Transition Date” means, in the case of a Term CXXXX Transition Event, the date that is set forth in the Term CXXXX Notice provided to the Lenders and the Borrower, for the replacement of the then-current Canadian Benchmark with the Canadian Benchmark Replacement described in clause (a)(i) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term CXXXX Notice. “Term CXXXX Transition Event” means the determination by the Administrative Agent that (a) Term CXXXX has been recommended for use by the Relevant Governmental Body, and is determinable for any Available Tenor, (b) the administration of Term CXXXX is administratively feasible for the Administrative Agent, (c) a Canadian Benchmark Replacement, other than Term CXXXX, has replaced CDOR in accordance with Section 3.03(c) and (d) Borrower has provided a written request to Administrative Agent to transition to Txxx XXXXX. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that, if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto for which such rate was published, in each case, plus the SOFR Adjustment; and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day; provided that, if the rate is not published prior to 11:00 a.m. on such determination date then
More Definitions of Term CXXXX Notice
Term CXXXX Notice means the notification by the Administrative Agent to the Canadian Lenders and the Canadian Borrower of the occurrence of a Term CXXXX Transition Event.
Term CXXXX Notice means the notification by the Administrative Agent to the Revolving Credit Lenders and the Borrower of the occurrence of a Term CXXXX Transition Event.