Examples of Term XXXXX Transition Event in a sentence

The Administrative Agent will promptly notify the Borrower and the Lenders of (x) the implementation of any Canadian Benchmark Replacement, (y) any occurrence of a Term XXXXX Transition Event, and (z) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.
The Agent will promptly notify the Canadian Borrower and the Lenders of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term XXXXX Transition Event, and (iii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.
The Administrative Agent will promptly notify the Borrowers and the Lenders of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term XXXXX Transition Event, and (iii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.
The Lender will promptly notify the Borrower of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term XXXXX Transition Event, and (iii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.
The Administrative Agent will promptly notify the Company and the Lenders of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term XXXXX Transition Event, (iii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes, and (iv) by delivering a BA Cessation Notice pursuant to clause (vii) of this Section 3.07(d), its intention to terminate the obligation of the Lenders to make or maintain Bankers’ Acceptances.

More Definitions of Term XXXXX Transition Event

Term XXXXX Transition Event means the determination by the Lender 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 Lender and (c) a Benchmark Replacement, other than Term XXXXX, has replaced CDOR in accordance with Section 2.09(1).

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 SOFR, SOFR, Term SOFR or any proposed Term SOFR Successor Rate, as applicable, any conforming changes to the definition of “Base Rate”, the definition of “Daily Floating Term SOFR”, the definition of “Interest Period”, the definition of “SOFR”, the definition of “Term SOFR”, the timing and frequency of determining rates and making payments of interest, and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of “Business Day”, the definition of “U.S. Government Securities Business Day”, the timing of borrowing reques...

Term XXXXX Transition Event means the determination by the Administrative Agent that (a) Xxxx XXXXX has been recommended for use by the Relevant Governmental Body, and is determinable for any Available Tenor,

Term XXXXX Transition Event the determination by the Agent that (a) Term XXXXX has been recommended for use by the Relevant Canadian Governmental Body, and is determinable for any Available Canadian Tenor, (b) the administration of Term XXXXX is administratively feasible for the Agent, (c) a Canadian Benchmark Replacement, other than Term XXXXX, has replaced the Canadian BA Rate in accordance with this Section 3.6(b) and (d) Canadian Borrower has provided a written request to Agent to transition to Xxxx XXXXX.

Term XXXXX Transition Event means the determination by the Administrative Agent that (a) Xxxx 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 and (c) a Canadian Benchmark Replacement, other than Term XXXXX, has replaced the Canadian Fixed Rate in accordance with paragraph (f)(i) of this Section 3.8.

Term XXXXX Transition Event means the determination by the Facility 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 Facility Agent and (c) a Benchmark Replacement, other than Term XXXXX, has replaced CDOR in accordance with Section 0. “Term Securitization Transaction” means a Securitization Transaction involving a widely- distributed private placement of asset-backed securities offered pursuant to an offering memorandum, offering circular or other offering document. “Terminated Lender” has the meaning set forth in Section 0. “Termination Date” means the date on, and as of, which (a) all Loans have been repaid in full in Cash, (b) all other Obligations (other than contingent indemnification obligations for which demand has

Term XXXXX Transition Event means, with respect to Sterling for any Interest Period, the determination by the Administrative Agent that (a) Term XXXXX is determinable for each Available Tenor, (b) the administration of Term XXXXX is administratively feasible for the Administrative Agent, (c) any of (i) the XXXXX Administrator publishes, publicly announces or makes publicly available that Term XXXXX is administered in accordance with the International Organization of Securities Commission’s Principles for Financial Benchmarks, (ii) Term XXXXX is used as a benchmark rate in at least five (5) currently outstanding syndicated credit facilities denominated in Sterling (and such syndicated credit facilities are identified and are publicly available for review) or (iii) Term XXXXX is recommended for use by a Relevant Governmental Body, and (d) the Borrowers have consented to the use of Term XXXXX as the Benchmark for Loans denominated in Sterling under this Credit Agreement; provided that, to the extent that Term XXXXX has been recommended for use by a Relevant Governmental Body, such consent shall not be required.

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