Common use of Benchmark Replacement Notification Clause in Contracts

Benchmark Replacement Notification. Section 3.04 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that Term SOFR or Daily Simple SOFR is no longer available or in certain other circumstances. The Administrator does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to Term SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Benchmark Replacement Notification. Section 3.04 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that Term SOFR or Daily Simple SOFR is no longer available or in certain other circumstances. The Administrator does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to Term SOFR or Daily Simple SOFR, or with respect to any alternative or successor rate thereto, or replacement rate therefor.. 749336112 22708133

Benchmark Replacement Notification. Section 3.04 1.13 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the Term SOFR or Daily Simple SOFR Rate is no longer available or in certain other circumstances. The Administrator does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR or Daily Simple SOFRRate, or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Benchmark Replacement Notification. Section 3.04 1.12 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the Term SOFR or Daily Simple SOFR Rate is no longer available or in certain other circumstances. The Administrator does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR or Daily Simple SOFRRate, or with respect to any alternative or successor rate thereto, or replacement rate therefor.