Examples of Term XXXXX Transition Event in a sentence

The Lender will promptly notify the Borrowers 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.
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 Administrative Agent will promptly notify Xxxxxxxxx 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 Purchaser will promptly notify the Seller of (i) the implementation of any Benchmark Replacement, (ii) any occurrence of a Term XXXXX Transition Event, and (iii) the effectiveness of any Benchmark Replacement Conforming Changes.

More Definitions of Term XXXXX Transition Event

Term XXXXX Transition Event means the determination by the Administrative Agent that (a) Term XXXXX has been recommended for use by the CDN Relevant Governmental Body, and is determinable for any CDN Available Tenor, (b) the administration of Term XXXXX is administratively feasible for the Administrative Agent, and (c) a CDN Benchmark Replacement, other than Term XXXXX, has replaced the CDOR Rate in accordance with Section 3.17(1). (250) “Term SOFR” means, for any Contract Period for a SOFR Loan, the greater of (a) the Term SOFR Reference Rate for a tenor comparable to the applicable Contract Period on the day (the “Term SOFR Determination Day”) that is two (2) US Government Securities Business Days prior to the first day of such Contract Period, as such rate is published by the Term SOFR Administrator and (b) the US Benchmark Floor; provided, however, that if as of 5:00 p.m. (New York time) on any Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a US Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding US Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding US Government Securities Business Day is not more than three (3) US Government Securities Business Days prior to such Term SOFR Determination Day. (251) “Term SOFR Adjustment” means, with respect to Term SOFR, [DELETION] % ([DELETION] basis points) for a Contract Period of one-month’s duration, [DELETION]% ([DELETION] basis points) for a Contract Period of three-month’s duration, and [DELETION]% ([DELETION] basis points) for a Contract Period of six-months’ duration, if applicable. [Amounts deleted for confidentiality reasons], (252) “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). (253) “Term SOFR Determination Day” has the meaning given to it under the definition of “Term SOFR”. (254) “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR. (255) “Third Amended and Restated Credit Agreement” has the meaning given to it in Recital D. (256) “THP Subsidiaries” means, collectively, t...

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 Canadian Tenor, (b) the administration of 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. “Term XXXXX is administratively feasible for the Administrative Agent, (c) a Canadian Benchmark Replacement, other than Term XXXXX, has replaced the BA Rate in accordance with Section 3.03(i), and (d) Canadian Borrower has provided a written request to the Administrative Agent to transition to Loan” means a Loan, a portion thereof, denominated in Canadian Dollars that bears interest based on Term XXXXX.

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 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 Administrative Agent that (a) Xxxx XXXXX has been recommended for use by the Relevant Governmental Body, (b) the administration of Xxxx XXXXX is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 5.29 that is not Term XXXXX.

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 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 definition

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