Pro Rata Benchmark Replacement Sample Clauses

Pro Rata Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Pro Rata Benchmark Transition Event and its related Pro Rata Benchmark Replacement Date have occurred for a currency prior to any setting of any Pro Rata Benchmark for such currency, then (x) if a Pro Rata Benchmark Replacement is determined in accordance with clause (a) of the definition of “Pro Rata Benchmark Replacement” for such Pro Rata Benchmark Replacement Date, such Pro Rata Benchmark Replacement will replace such Pro Rata Benchmark for all purposes hereunder and under any Loan Document in respect of such Pro Rata Benchmark setting and subsequent Pro Rata Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Pro Rata Benchmark Replacement is determined in accordance with clause (b) of the definition of “Pro Rata Benchmark Replacement” for such Pro Rata Benchmark Replacement Date, such Pro Rata Benchmark Replacement will replace such Pro Rata Benchmark for all purposes hereunder and under any Loan Document in respect of any Pro Rata Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Pro Rata Benchmark Replacement is provided to the Revolving Lenders (and, in the case of the Pro Rata Benchmark for Dollars, the Term A Lenders) without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Pro Rata Administrative Agent has not received, by such time, written notice of objection to such Pro Rata Benchmark Replacement from Revolving Lenders comprising the Required Revolving Lenders (or, if such Pro Rata Benchmark is for Dollars, the Required Pro Rata Lenders). If the Pro Rata Benchmark Replacement is Pro Rata Daily Simple SOFR, all interest payments will be payable on a quarterly basis.