Common use of Benchmark Conforming Changes Clause in Contracts

Benchmark Conforming Changes. Agent may make Benchmark Conforming Changes from time to time with respect to SOFR, Term SOFR or any Benchmark Replacement. Notwithstanding anything to the contrary in any Loan Document, any amendment implementing such changes shall be effective without further action or consent of any party to any Loan Document. Agent shall post or provide each such amendment to ▇▇▇▇▇▇▇ and Borrower Agent reasonably promptly after it becomes effective.

Appears in 2 contracts

Sources: Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)