Common use of Replacement of Term SOFR or Successor Rate Clause in Contracts

Replacement of Term SOFR or Successor Rate. Notwithstanding anything to the contrary in this Participation Agreement or any other Operative Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Lessee or Required Participants notify the Administrative Agent (with, in the case of the Required Participants, a copy to the Lessee) that the Lessee or Required Participants (as applicable) have determined, that:

Appears in 3 contracts

Samples: Third Omnibus Amendment Agreement (Norfolk Southern Corp), Participation Agreement (Regeneron Pharmaceuticals, Inc.), Participation Agreement (Regeneron Pharmaceuticals, Inc.)

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Replacement of Term SOFR or Successor Rate. Notwithstanding anything to the contrary in this Participation Transaction Agreement or any other Operative DocumentsDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Lessee or Required Participants notify the Administrative Agent (with, in the case of the Required Participants, a copy to the Lessee) that the Lessee or Required Participants (as applicable) have determined, that:

Appears in 1 contract

Samples: Transaction Agreement (Corning Inc /Ny)

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