Early Opt-in Election definition

Early Opt-in Election means the occurrence of:

Early Opt-in Election means, if the then-current Benchmark is USD LIBOR, the occurrence of:

Early Opt-in Election means, if the then-current Benchmark is LIBO Rate, the occurrence of:

Examples of Early Opt-in Election in a sentence

• Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment.

• The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period.

• Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Majority Lenders have delivered to the Administrative Agent written notice that such Majority Lenders accept such amendment.

• The Administrative Agent will promptly notify the Borrower and the Lenders of (A) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes and (D) the commencement or conclusion of any Benchmark Unavailability Period.

• Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with a Benchmark Replacement.

More Definitions of Early Opt-in Election

Early Opt-in Election means, if the then-current Benchmark is USD LIBO Rate, the occurrence of:

Early Opt-in Election means, if the then-current Benchmark is the LIBOR Rate, the occurrence of:

Early Opt-in Election means, if the then-current Benchmark is LIBOR, the occurrence of:

Early Opt-in Election if the then-current Benchmark is the Eurodollar Rate, the occurrence of:

Early Opt-in Election means, if the then-current Benchmark is a LIBOR, the occurrence of the following:

Early Opt-in Election means the occurrence of: (1) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.12, are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBOR Rate, and (2) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

Early Opt-in Election if the then-current Benchmark is LIBO Rate, the occurrence of: