Common use of LIBOR Notification Clause in Contracts

LIBOR Notification. Section 5.06 provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Receivables Financing Agreement (BrightView Holdings, Inc.)

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LIBOR Notification. Section 5.06 4.6 [Successor LIBOR Rate Index] of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR “LIBOR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit Agreement (Paylocity Holding Corp)

LIBOR Notification. Section 5.06 4.4.4 [Successor LIBOR Rate Index] of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR "LIBOR Rate" or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit Agreement (K12 Inc)

LIBOR Notification. Section 5.06 provides (a) Sections 4.2(b) through (f) of this Agreement provide a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Term Loan Agreement (Federal Realty Investment Trust)

LIBOR Notification. Section 5.06 4.05 provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Receivables Financing Agreement (PRA Health Sciences, Inc.)

LIBOR Notification. Section 5.06 4.06 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR” or “LMIR”, LMIR as applicable, or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Receivables Financing Agreement (OLIN Corp)

LIBOR Notification. Section 5.06 of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR ” or “LMIR” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Receivables Financing Agreement (Alliance Resource Partners Lp)

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LIBOR Notification. This Section 5.06 4.5 provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR "LIBOR Rate" or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit and Security Agreement (Universal Health Services Inc)

LIBOR Notification. Section 5.06 3.03 provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted "LIBOR, LMIR " or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Agree Realty Corp)

LIBOR Notification. Section 5.06 3.02(d) provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Administrative Agent 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 London interbank offered rate or other rates in the definition of Adjusted LIBOR, LMIR “Eurocurrency Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit Agreement (Paycor Hcm, Inc.)

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