Common use of Initial Benchmark Conforming Changes Clause in Contracts

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of and initial Benchmark.

Appears in 2 contracts

Sources: Secured Loan Agreement (Algoma Steel Group Inc.), Secured Loan Agreement (Algoma Steel Group Inc.)

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan DocumentOperative Agreement, any amendments implementing such Conforming Changes will become effective without any further action or consent of Lessee or any other party to this Agreement or any other Loan DocumentOperative Agreement. The Agent will promptly notify the Borrower and the Lenders Lessee of the effectiveness of any Conforming Changes in connection with the use or administration of and initial any Benchmark.

Appears in 1 contract

Sources: Fourth Amendment to Certain Operative Agreements (Big Lots Inc)

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, Agent will have the right right, in consultation with the Administrative Borrower, to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Agent will promptly notify the Administrative Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of and any initial Benchmark.

Appears in 1 contract

Sources: Credit Agreement (V F Corp)

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Transaction Document. The Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of and initial any Benchmark.

Appears in 1 contract

Sources: Loan and Security Agreement (Flat Rock Core Income Fund)

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of and initial any Benchmark.

Appears in 1 contract

Sources: Credit Agreement (Quanex Building Products CORP)

Initial Benchmark Conforming Changes. In connection with the use or administration of any initial Benchmark, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan DocumentOperative Agreement, any amendments implementing such Conforming Changes will become effective without any further action or consent of Lessee or any other party to this Agreement or any other Loan DocumentOperative Agreement. The Agent will promptly notify the Borrower and the Lenders Lessee of the effectiveness of any Conforming Changes in connection with the use or administration of and initial any Benchmark.. 5A.13

Appears in 1 contract

Sources: Fourth Amendment to Certain Operative Agreements (Big Lots Inc)