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"parties-to-the-trust", "type": "clause", "offset": [9878, 9898]}, {"key": "if-required", "type": "definition", "offset": [9933, 9944]}], "size": 27, "snippet": "If:\n(1) Reference Rate Replacement is specified as applicable in the Final Terms;\n(2) Screen Rate Determination is specified in the Final Terms as the manner in which the Rate of Interest is to be determined; and\n(3) notwithstanding the provisions of Condition 5B.4A above, a Benchmark Event occurs in relation to an Original Reference Rate when any Rate of Interest (or component thereof) remains to be determined by reference to such Original Reference Rate, then the following provisions shall apply to the relevant Series of Notes:\n(a) The Issuer shall use reasonable endeavours to appoint an Independent Adviser, at the Issuer\u2019s own expense, to determine a Successor Reference Rate or, if such Independent Adviser is unable so to determine a Successor Reference Rate, an Alternative Reference Rate and, in each case, an Adjustment Spread (in any such case, acting in good faith and in a commercially reasonable manner) for the purposes of determining the Rate of Interest applicable to the Notes for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H during any other future Interest Period(s)).\n(b) Subject to paragraph (c) of this Condition 5B.4H, if:\n(i) the relevant Independent Adviser (acting in good faith and in a commercially reasonable manner), no later than five Business Days prior to the Interest Determination Date relating to the next Interest Period (the \u201cIA Determination Cut-off Date\u201d), determines a Successor Reference Rate or, if such Independent Adviser fails so to determine a Successor Reference Rate, an Alternative Reference Rate and, in each case, an Adjustment Spread (in any such case, acting in good faith and in a commercially reasonable manner) for the purposes of determining the Rate of Interest (or component thereof) applicable to the Notes for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H during any other future Interest Period(s)); or\n(ii) the Issuer is unable to appoint an Independent Adviser, or the Independent Adviser appointed by the Issuer in accordance with paragraph (a) of this Condition 5B.4H fails to determine a Successor Reference Rate or an Alternative Reference Rate prior to the relevant IA Determination Cut-off Date, the Issuer (acting in good faith and in a commercially reasonable manner), no later than three Business Days prior to the Interest Determination Date relating to the next Interest Period (the \u201cIssuer Determination Cut-off Date\u201d), determines a Successor Reference Rate or, if the Issuer fails so to determine a Successor Reference Rate, an Alternative Reference Rate (as applicable) and, in each case, an Adjustment Spread (in any such case, acting in good faith and in a commercially reasonable manner) for the purposes of determining the Rate of Interest (or component thereof) applicable to the Notes for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H during any other future Interest Period(s)), then:\n(A) such Successor Reference Rate or Alternative Reference Rate (as applicable) shall be used in place of the Original Reference Rate for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H during any other future Interest Period(s)). Without prejudice to the definitions thereof, for the purposes of determining an Alternative Reference Rate, the Issuer will take into account relevant and applicable market precedents as well as any published guidance from relevant associations involved in the establishment of market standards and/or protocols in the international debt capital markets and such other materials as the Issuer, in its sole discretion, considers appropriate; and\n(B) if the relevant Independent Adviser or the Issuer (as applicable) determines an Adjustment Spread, then such Adjustment Spread shall be applied to such Successor Reference Rate or Alternative Reference Rate (as applicable) for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H).\n(c) Notwithstanding any other provision of this Condition 5B.4 above, if:\n(i) the Independent Adviser appointed by the Issuer in accordance with paragraph (a) of this Condition 5B.4H notifies the Issuer prior to the IA Determination Cut-off Date that it has determined that no Successor Reference Rate or Alternative Reference Rate exists or, in either case, that it is unable to determine the applicable Adjustment Spread; or\n(ii) the Independent Adviser appointed by the Issuer in accordance with paragraph (a) of this Condition 5B.4H fails to determine a Successor Reference Rate or an Alternative Reference Rate and, in either case, the applicable Adjustment Spread, prior to the relevant IA Determination Cut-off Date, without notifying the Issuer as contemplated in sub-paragraph (c)(i) of this Condition 5B.4H, and the Issuer (acting in good faith and in a commercially reasonable manner) determines prior to the Issuer Determination Cut-off Date that no Successor Reference Rate or Alternative Reference Rate exists or, in either case, that it is unable to determine the applicable Adjustment Spread, and, in either case, neither a Successor Reference Rate nor an Alternative Reference Rate is otherwise determined, in each case, together with the applicable Adjustment Spread, in accordance with paragraph (b) of this Condition 5B.4H prior to the Issuer Determination Cut-off Date, the relevant Rate of Interest shall be determined as at the last preceding Interest Determination Date or, in the case of the first Interest Determination Date, the Rate of Interest shall be the Initial Rate of Interest (though substituting, where a different Margin or Maximum Rate of Interest or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to the relevant Interest Period in place of the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to that last preceding Interest Period). This paragraph (c) shall apply to the relevant Interest Period only. Any subsequent Interest Period(s) shall be subject to the operation of this Condition 5B.4H.\n(d) Promptly following the occurrence of a Benchmark Event and the determination of any Successor Reference Rate or Alternative Reference Rate (as applicable) and, in either case, an Adjustment Spread, as described in this Condition 5B.4H, the Issuer shall give notice that a Benchmark Event has occurred, including detailing the Successor Reference Rate or Alternative Reference Rate (as applicable) and the Adjustment Spread (and the effective date(s) thereof), pursuant to this Condition 5B.4H to the Trustee, the Issue and Paying Agent and the Holders.\n(e) The Trustee and the Issue and Paying Agent shall, at the direction and expense of the Issuer, effect such waivers and consequential amendments to the Trust Deed, the Agency Agreement, these Conditions and any other document as may be required to give effect to any application of this Condition 5B.4H, including, but not limited to:\n(i) changes to these Conditions which the relevant Independent Adviser or the Issuer (as applicable) determines may be required in order to follow market practice (determined according to factors including, but not limited to, public statements, opinions and publications of industry bodies and organisations) in relation to such Successor Reference Rate or Alternative Reference Rate (as applicable), including, but not limited to (A) the relevant Business Centre(s), Business Day, Business Day Convention, Day Count Fraction, Interest Determination Date, Reference Banks, Relevant Financial Centre, Relevant Screen Page and/or Relevant Time applicable to the Notes and (B) the method for determining the fallback to the Rate of Interest in relation to the Notes if such Successor Reference Rate or Alternative Reference Rate (as applicable) is not available; and\n(ii) any other changes which the relevant Independent Adviser or the Issuer (as applicable) determines are reasonably necessary to ensure the proper operation and comparability to the Reference Rate of such Successor Reference Rate or Alternative Reference Rate (as applicable), Prior to any such waivers and/or consequential amendments taking effect, the Issuer shall provide a certificate signed by two Directors of the Issuer to the Trustee and the Issue and Paying Agent that such waivers and/or consequential amendments are required to give effect to any application of this Condition 5B.4H and the Trustee and the Issue and Paying Agent shall be entitled to rely on such certificate without further enquiry or liability to any person. For the avoidance of doubt, the Trustee shall not be liable to the Holders or any other person for so acting or relying, irrespective of whether any such modification is or may be materially prejudicial to the interests of any such person. Such changes shall apply to the Notes for all future Interest Periods (subject to the subsequent operation of this Condition 5B.4H). The Trustee shall not be obliged to agree to any modification if in the sole opinion of the Trustee doing so would impose more onerous obligations upon it or expose it to any additional duties, responsibilities or liabilities or reduce rights and/or the protective provisions afforded to the Trustee in these Conditions or the Trust Deed. No consent of the Holders shall be required in connection with effecting the relevant Successor Reference Rate or Alternative Reference Rate as described in this Condition 5B.4H or such other relevant adjustments pursuant to this Condition 5B.4H, or the Adjustment Spread, including for the execution of, or amendment to, any documents or the taking of other steps by the Issuer or any of the parties to the Trust Deed and/or the Agency Agreement (if required). 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"offset": [4221, 4233]}, {"key": "alternative-reference-rate", "type": "definition", "offset": [4254, 4280]}, {"key": "rate-for-advances", "type": "clause", "offset": [4333, 4350]}, {"key": "eligible-currency", "type": "definition", "offset": [4371, 4388]}, {"key": "after-notice", "type": "definition", "offset": [4438, 4450]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [4575, 4600]}], "size": 18, "snippet": "(a) Notwithstanding anything to the contrary herein or in any other Credit Document, if a Reference Rate Transition Event or an Early Opt-in Election, as applicable, and its related Reference Rate Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Reference Rate, then (x) if a replacement Reference Rate is determined in accordance with clause (1) or (2) of the definition of \"Reference Rate Replacement\" for such Reference Rate Replacement Date or in connection with an Early Opt-in Election, such Reference Rate Replacement will replace such Reference Rate for all purposes hereunder and under any Credit Document in respect of such Reference Rate setting and subsequent Reference Rate settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Credit Document, (y) if a Reference Rate Replacement is determined in accordance with clause (3) of the definition of \"Reference Rate Replacement\" for such Reference Rate Replacement Date, such Reference Rate Replacement will replace such Reference Rate for all purposes hereunder and under any Credit Document in respect of any Reference Rate setting at or after 5:00 p.m. New York City time on the fifth (5th) Business Day after the date notice of such Reference Rate Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Credit Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Reference Rate Replacement from Lenders comprising the Required Lenders or (z) in connection with an Early Opt-in Election, such Reference Rate Replacement will replace such Reference Rate for all purposes hereunder and under any Credit Document in respect of such Reference Rate setting on the date specified in the notice of the Early Opt-in Election delivered in accordance with the definition of such term.\n(b) In connection with any replacement of a Reference Rate in accordance with this Section 3.02, the Administrative Agent, in consultation with the Servicer, will have the right to make Reference Rate Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Credit Document, any amendments implementing such Reference Rate Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Credit Document.\n(c) The Administrative Agent will promptly notify the Company and the Lenders of (i) any occurrence of a Reference Rate Transition Event or an Early Opt-in Election, as applicable, and its related Reference Rate Replacement Date, (ii) the implementation of any Reference Rate Replacement, (iii) the effectiveness of any Reference Rate Replacement Conforming Changes and (iv) the commencement or conclusion of any Reference Rate Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.02 including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Credit Document, except, in each case, as expressly required pursuant to this Section 3.02.\n(d) Upon the Company's receipt of notice of the commencement of a Reference Rate Unavailability Period, the Company may revoke any request for the making of, conversion to or continuation of an Advance that bears interest at the applicable Reference Rate to be made, converted or continued during any Reference Rate Unavailability Period and, failing that, the Company will be deemed to have converted any such request into a request for an Advance of or conversion to Base Rate Advances.\n(e) Notwithstanding anything in this Section 3.02 or otherwise set forth in this Agreement to the contrary, if no alternative reference rate is adopted with respect to any applicable Reference Rate for Advances made in the related Eligible Currency within the later of (i) the date that is 30 days after notice from the Administrative Agent of a Reference Rate Transition Event and (ii) the applicable Reference Rate Replacement Date, the provisions of Section 3.01(h) shall apply.", "hash": "cb6b7d10e6e94b102ace4ae79298bcfd", "id": 2}, {"samples": [{"hash": "fvimuJMA41p", "uri": "/contracts/fvimuJMA41p#reference-rate-replacement", "label": "Credit Agreement (Outset Medical, Inc.)", "score": 36.0143737793, "published": true}, {"hash": "iXlRaQWI7s4", "uri": "/contracts/iXlRaQWI7s4#reference-rate-replacement", "label": "Credit Agreement (Neuronetics, Inc.)", "score": 35.5763168335, "published": true}, {"hash": "fUjWX5PhlrY", "uri": "/contracts/fUjWX5PhlrY#reference-rate-replacement", "label": "Credit Agreement (Apyx Medical Corp)", "score": 34.8535232544, "published": true}], "snippet_links": [{"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [0, 30]}, {"key": "loan-document", "type": "clause", "offset": [46, 59]}, {"key": "the-obligors", "type": "clause", "offset": [61, 73]}, {"key": "jointly-and-severally", "type": "clause", "offset": [74, 95]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [96, 117]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [118, 136]}, {"key": "secured-party", "type": "definition", "offset": [142, 155]}, {"key": "event-of", "type": "definition", "offset": [198, 206]}, {"key": "the-definition-of", "type": "definition", "offset": [250, 267]}, {"key": "notify-the", "type": "clause", "offset": [325, 335]}, {"key": "the-borrower-shall", "type": "clause", "offset": [417, 435]}, {"key": "in-good-faith", "type": "definition", "offset": [446, 459]}, {"key": "to-establish", "type": "definition", "offset": [461, 473]}, {"key": "alternate-rate-of-interest", "type": "clause", "offset": [477, 503]}, {"key": "month-term-sofr", "type": "clause", "offset": [511, 526]}, {"key": "responsibility-for", "type": "clause", "offset": [593, 611]}, {"key": "with-respect-to", "type": "clause", "offset": [646, 661]}, {"key": "the-administration", "type": "clause", "offset": [663, 681]}, {"key": "other-matter", "type": "clause", "offset": [701, 713]}, {"key": "related-to", "type": "clause", "offset": [714, 724]}, {"key": "successor-rate", "type": "clause", "offset": [849, 863]}, {"key": "replacement-rate", "type": "definition", "offset": [876, 892]}, {"key": "without-limitation", "type": "clause", "offset": [913, 931]}, {"key": "characteristics-of", "type": "definition", "offset": [960, 978]}, {"key": "replacement-reference-rate", "type": "clause", "offset": [1014, 1040]}, {"key": "similar-to", "type": "definition", "offset": [1049, 1059]}, {"key": "economic-equivalence", "type": "definition", "offset": [1090, 1110]}, {"key": "prior-to", "type": "clause", "offset": [1199, 1207]}, {"key": "no-assurance", "type": "clause", "offset": [1260, 1272]}], "size": 7, "snippet": "For purposes of this Agreement and each other Loan Document, the Obligors jointly and severally acknowledge and agree for the benefit of each Secured Party as follows:\n(a) Upon the occurrence of an event of the type described in the first proviso of the definition of \u201cReference Rate\u201d, the Administrative Agent will promptly notify the Borrower thereof and, as set forth in such proviso, the Administrative Agent and the Borrower shall endeavor, in good faith, to establish an alternate rate of interest to One-Month Term SOFR. However, 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 One-Month Term SOFR or any other rate referenced herein or in any other Loan Document or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, whether the composition or characteristics of any such alternative, successor or replacement Reference Rate will be similar to, or produce the same value or economic equivalence of, One-Month Term SOFR or have the same volume or liquidity as did One-Month Term SOFR prior to its discontinuance or unavailability).\n(b) There is no assurance that the composition or characteristics of any such alternative, successor or replacement Reference Rate will be similar to or produce the same value or economic equivalence as One-Month Term SOFR or that it will have the same volume or liquidity as did One-Month Term SOFR prior to its discontinuance or unavailability.", "hash": "d8f71b5b6cce10d5009aa05813540c3f", "id": 3}, {"samples": [{"hash": "26mWxjm3MKE", "uri": "/contracts/26mWxjm3MKE#reference-rate-replacement", "label": "Credit and Security Agreement (Diameter Credit Co)", "score": 34.7700195312, "published": true}], "snippet_links": [{"key": "reference-rate-transition-event", "type": "definition", "offset": [9, 40]}, {"key": "with-respect-to", "type": "clause", "offset": [54, 69]}, {"key": "the-reference-rate", "type": "definition", "offset": [70, 88]}, {"key": "agent-shall", "type": "definition", "offset": [109, 120]}, {"key": "parties-hereto", "type": "definition", "offset": [138, 152]}, {"key": "in-writing", "type": "definition", "offset": [153, 163]}, {"key": "and-the-company", "type": "clause", "offset": [193, 208]}, {"key": "alternative-reference-rate", "type": "definition", "offset": [223, 249]}, {"key": "sum-of", "type": "clause", "offset": [262, 268]}, {"key": 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"clause", "offset": [993, 1014]}, {"key": "right-to-make", "type": "clause", "offset": [1030, 1043]}, {"key": "reference-rate-replacement-conforming-changes", "type": "definition", "offset": [1044, 1089]}, {"key": "from-time-to-time", "type": "clause", "offset": [1090, 1107]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1113, 1153]}, {"key": "credit-document", "type": "clause", "offset": [1177, 1192]}, {"key": "become-effective", "type": "clause", "offset": [1278, 1294]}, {"key": "further-action", "type": "clause", "offset": [1307, 1321]}, {"key": "consent-of", "type": "clause", "offset": [1325, 1335]}, {"key": "agreement-or", "type": "definition", "offset": [1360, 1372]}, {"key": "agreement-to", "type": "clause", "offset": [1481, 1493]}, {"key": "rate-for-advances", "type": "clause", "offset": [1582, 1599]}, {"key": "after-notice", "type": "definition", "offset": [1657, 1669]}, {"key": "reference-rate-replacement-date", "type": "definition", "offset": [1761, 1792]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1794, 1819]}], "size": 1, "snippet": "(a) If a Reference Rate Transition Event has occurred with respect to the Reference Rate, the Administrative Agent shall notify the other parties hereto in writing and the Administrative Agent and the Company may select an alternative reference rate that is the sum of: (A) if available, Daily Simple SOFR or (B) the alternate benchmark rate that has been selected by the Administrative Agent and the Company as the replacement for the then-current Reference Rate giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Reference Rate for syndicated credit facilities denominated in USD at such time.\n(b) In connection with any replacement of a Reference Rate in accordance with this Section 3.02, the Administrative Agent, in consultation with the Portfolio Manager, will have the right to make Reference Rate Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Credit Document, any amendments implementing such Reference Rate Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Credit Document.\n(c) Notwithstanding anything in this Section 3.02 or otherwise set forth in this Agreement to the contrary, if no alternative reference rate is adopted with respect to the Reference Rate for Advances made in USD by the later of (i) the date that is 30 days after notice from the Administrative Agent of a Reference Rate Transition Event and (ii) the applicable Reference Rate Replacement Date, the provisions of Section 3.01(h) shall apply.", "hash": 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provisions shall apply:\n(A) the Issuer shall use reasonable endeavours to appoint an Independent Adviser, as soon as reasonably practicable, to determine (acting in good faith and in a commercially reasonable manner): DOCPROPERTY \"cpCombinedRef\" 0012034-0005260 UKO2: 2004076912.9", "hash": "71f808c367098d9ba07ee45c44c0af52", "id": 5}, {"samples": [{"hash": "lqeLOPMdanr", "uri": "/contracts/lqeLOPMdanr#reference-rate-replacement", "label": "Credit Agreement (Pear Therapeutics, Inc.)", "score": 34.2429847717, "published": true}], "snippet_links": [{"key": "event-of", "type": "definition", "offset": [26, 34]}, {"key": "the-definition-of", "type": "definition", "offset": [78, 95]}, {"key": "notify-the", "type": "clause", "offset": [153, 163]}, {"key": "the-borrower-shall", "type": "clause", "offset": [245, 263]}, {"key": "in-good-faith", "type": "definition", "offset": [274, 287]}, {"key": "to-establish", "type": "definition", "offset": [289, 301]}, {"key": "alternate-rate-of-interest", "type": "clause", "offset": [305, 331]}, {"key": "month-term-sofr", "type": "clause", "offset": [339, 354]}, {"key": "provided-that", "type": "definition", "offset": [356, 369]}, {"key": "no-assurance", "type": "clause", "offset": [379, 391]}, {"key": "characteristics-of", "type": "definition", "offset": [416, 434]}, {"key": "replacement-reference-rate", "type": "clause", "offset": [470, 496]}, {"key": "similar-to", "type": "definition", "offset": [505, 515]}, {"key": "economic-equivalence", "type": "definition", "offset": [545, 565]}, {"key": "prior-to", "type": "clause", "offset": [666, 674]}], "size": 1, "snippet": "Upon the occurrence of an event of the type described in the first proviso of the definition of \u201cReference Rate\u201d, the Administrative Agent will promptly notify the Borrower thereof and, as set forth in such proviso, the Administrative Agent and the Borrower shall endeavor, in good faith, to establish an alternate rate of interest to One-Month Term SOFR, provided that there is no assurance that the composition or characteristics of any such alternative, successor or replacement Reference Rate will be similar to or produce the same value or economic equivalence as One-Month Term SOFR or that it will have the same volume or liquidity as did One-Month Term SOFR prior to its discontinuance or unavailability.", "hash": "82abd041bf8d11a61407028bcd9dca4e", "id": 6}, {"samples": [{"hash": "h4W8vrr6Pgo", "uri": "/contracts/h4W8vrr6Pgo#reference-rate-replacement", "label": "Trust Deed", "score": 33.7893104553, "published": true}], "snippet_links": [{"key": "final-terms", "type": "clause", "offset": [69, 80]}, {"key": "screen-rate-determination", "type": "definition", "offset": [86, 111]}, {"key": "rate-of-interest", "type": "clause", "offset": [171, 187]}, {"key": "to-be-determined", "type": "definition", "offset": [191, 207]}], "size": 1, "snippet": "If:\n(1) Reference Rate Replacement is specified as applicable in the Final Terms;\n(2) Screen 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