Common use of SOFR Conforming Changes Clause in Contracts

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 3 contracts

Sources: Credit Agreement (UDR, Inc.), Credit Agreement (UDR, Inc.), Credit Agreement (UDR, Inc.)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative Agent will have the right to may 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 Administrative Agent will promptly notify the Borrower Loan Party Representative and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 3 contracts

Sources: Credit and Security Agreement (S&W Seed Co), Credit and Security Agreement (Owlet, Inc.), Credit and Security Agreement (Danimer Scientific, Inc.)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative Agent Agent, in consultation with the Borrower, 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 2 contracts

Sources: Credit Agreement (Macy's, Inc.), Credit Agreement (Macy's, Inc.)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or and/or Daily Simple SOFR, the Administrative Agent will have the right in consultation with the 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. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or and/or Daily Simple SOFR.

Appears in 2 contracts

Sources: Credit Agreement (Store Capital LLC), Credit Agreement (STORE CAPITAL Corp)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time in consultation with the Borrower 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 1 contract

Sources: Loan and Security Agreement (Hercules Capital, Inc.)

SOFR Conforming Changes. In connection with the use use, administration of, or administration of conventions associated with, Term SOFR or SOFRand the Term SOFR Reference Rate, the Administrative 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 Related 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 Related Document. The Administrative Agent will reasonably promptly notify the Borrower Master Issuer and the Lenders Investors of the effectiveness of any such Conforming Changes in connection with the use or administration of Term SOFR or SOFRChanges.

Appears in 1 contract

Sources: Class a 1 Note Purchase Agreement (Jack in the Box Inc)

SOFR Conforming Changes. In connection with the use use, administration of, or administration of conventions associated with, Term SOFR or SOFRand the Term SOFR Reference Rate, the Administrative 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 Administrative Agent will reasonably promptly notify the Borrower Co-Issuers and the Lenders Investors of the effectiveness of any such Conforming Changes in connection with the use or administration of Term SOFR or SOFRChanges.

Appears in 1 contract

Sources: Note Purchase Agreement (Dine Brands Global, Inc.)

SOFR Conforming Changes. In connection with the use or administration of Term Daily Simple SOFR or Term SOFR, the Administrative 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 Facility 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 Facility Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term Daily Simple SOFR or Term SOFR.

Appears in 1 contract

Sources: Credit Agreement (BlackRock Hedge Fund Guided Portfolio Solution)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative 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 DocumentProgram Agreements, any amendments implementing such Conforming Changes will become effective without any further action or consent of Seller or any other party to this Agreement or any other Loan DocumentProgram Agreements. The Administrative Agent will promptly notify the Borrower and the Lenders Seller of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 1 contract

Sources: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative Agent will shall 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.

Appears in 1 contract

Sources: Syndicated Facility Agreement and Unconditional Guaranty (Resmed Inc)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or and/or Daily Simple SOFR, the Administrative 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or and/or Daily Simple SOFR.

Appears in 1 contract

Sources: Term Loan Agreement (STORE CAPITAL Corp)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or Daily Simple SOFR, the Administrative Agent (in consultation with the Required Lenders), with the consent of the Borrower Agent (not to be unreasonably withheld), 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 Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or SOFR.promptly

Appears in 1 contract

Sources: Credit Agreement (Solera Corp.)

SOFR Conforming Changes. In connection with the use use, administration of, or administration of conventions associated with, Term SOFR or SOFRand the Term SOFR Reference Rate, the Administrative Agent will have the right right, in consultation with the Borrower, 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 Administrative Agent will reasonably promptly notify the Borrower and the Lenders of the effectiveness of any such Conforming Changes in connection with the use or administration of Term SOFR or SOFRChanges.

Appears in 1 contract

Sources: Receivables Loan Agreement (Elanco Animal Health Inc)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or Daily Simple SOFR, the Administrative 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 Financing 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 Financing Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or Daily Simple SOFR.

Appears in 1 contract

Sources: Credit Agreement (MN8 Energy, Inc.)

SOFR Conforming Changes. In connection with the use or administration of Term SOFR or SOFR, the Administrative Agent will have the right to make SOFR Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Documentherein, any amendments implementing such SOFR Conforming Changes will become effective without any further action or consent of the Borrower or any other party to this Agreement or any other Loan Documenthereto. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any SOFR Conforming Changes in connection with the use or administration of Term SOFR or SOFRwithin a reasonable time prior to such effectiveness.

Appears in 1 contract

Sources: Credit Agreement (Transcat Inc)