Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term XXXXX Transition Event.
Term XXXXX Notice means the notification by the Canadian Agent to the Lenders and the Borrowers of the occurrence of a Term XXXXX Transition Event.
Term XXXXX Notice means the notification by the Lenders to the Borrowers of the occurrence of a Term XXXXX Transition Event. “Term XXXXX Transition Date” means, in the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Borrowers, for the replacement of the then‐current Canadian Benchmark with the Canadian Benchmark Replacement described in clause (1)(a) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term XXXXX Notice. “Term XXXXX Transition Event” means the determination by the Lenders that (a) Term XXXXX has been recommended for use by the Relevant Canadian Governmental Body, and is determinable for any Canadian Available Tenor, (b) the administration of Term XXXXX is administratively feasible for the Lenders and (c) a Canadian Benchmark Replacement, other than Term XXXXX, has replaced CDOR in accordance with Section 2.12.
Examples of Term XXXXX Notice in a sentence
For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term XXXXX Notice after the occurrence of a Term XXXXX Reelection Event and may do so in its sole discretion.
In the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Banks 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 XXXXX Notice.
For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term XXXXX Notice after a Term XXXXX Transition Event and may elect or not elect to do so in its sole discretion.
More Definitions of Term XXXXX Notice
Term XXXXX Notice means the notification by the Purchaser to the Seller of the occurrence of a Term XXXXX Transition Event.
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Administrative Borrower of the occurrence of a Term XXXXX Transition Event.
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term XXXXX Transition Event. (248) “Term XXXXX Transition Date” means, in the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Lenders and the Borrower, for the replacement of the then-current CDN Benchmark with the CDN Benchmark
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term XXXXX Transition Event. “Term XXXXX Transition Date” means, in the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Lenders and the Borrower, for the replacement of the then-current Benchmark with the Benchmark Replacement described in clause (c)(i) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term XXXXX Notice. “Term XXXXX Transition Event” means the determination by the Administrative Agent that (a) Term XXXXX has been recommended for use by the Relevant Governmental Body, and is determinable for any Available Tenor, (b) the administration of Term XXXXX is administratively feasible for the Administrative Agent and (c) a Benchmark Replacement, other than Term XXXXX, has replaced CDOR in accordance with paragraph (a) of Section 2.27. -76- #96942867v160458181 #96942867v1
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Borrowers of the occurrence of a Term XXXXX Transition Event. “Term XXXXX Transition Date” means, in the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Lenders and the Borrowers, 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 XXXXX Notice. “Term XXXXX Transition Event” means the determination by the Administrative Agent that (a) Term XXXXX has been recommended for use by the Relevant Canadian Governmental Body, and is determinable for any Available Tenor, (b) the administration of Term XXXXX is administratively feasible for the Administrative Agent, (c) a Canadian Benchmark Replacement, other than Term XXXXX, has replaced CDOR in accordance with Section 3.03(d), and (d) the Borrowers have provided a written request to Administrative Agent to transition to Xxxx 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 (2) 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; 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 two (2) U.S. Government Securities Business Days prior to such date with a term of one (1) month commencing that day; 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, in each case, plus the SOFR Adjustment for such term; provided, that, if Term SOFR determined in accordance with either of the foregoing clause (a) or clause (b) would otherwise be less than zero, Term SOFR shall be deemed zero for purposes of this Agreement. “Term SOFR Conforming Changes” means, with respect to the use, administration of or any conventions associated with Daily Floating ...
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Lead Borrower of the occurrence of a Term Reference Rate” means the forward-looking term rate based on XXXXX Transition Event.
Term XXXXX Notice means the notification by the Administrative Agent to the Lenders and the Top Borrower of the occurrence of a Term XXXXX Transition Event.Adjustment” means (i) 0.29547% (29.547 basis points) for an Interest Period of one-month’s duration and (ii) 0.32138% (32.138 basis points) for an Interest Period of three-months’ duration.