Common use of Successor Rates Clause in Contracts

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodone, three and six month interest periods of Term SOFR, including, without limitation, because the LIBORTerm SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (ii) theCME or any successor administrator of the LIBORTerm SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateone, three and six month interest periods of Term SOFR or the LIBORTerm SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide the Eurocurrency Ratesuch interest periods of Term SOFR after such specific date (such specificthe latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "Scheduled Unavailability Date"); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely for the Eurocurrencypurpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United States. For the avoidance of doubt, any such proposed rate, and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers and Lenders of implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such Eurodollar. A Successor Rate shall be applied in a manner consistent with market practice; provided, that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Successor Rate as 87 119482860_14 #193013499_v7

Successor Rates. Notwithstanding anything to the contrary herein or in this Agreement or any other Loan DocumentsDocumentDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower AgentBorrower) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (ia) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodoneone, three and six month interest periods of Term SOFR, including, without limitation, including because the LIBORTerm Term SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (iib) theCME CME or any successor administrator of the LIBORTerm Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateoneone, three and six month interest periods of Term SOFR or the LIBORTerm Term SOFR Screen Rate shall or will no longer be made available, available or permitted to be used for determining the interest rate of loansU.S. U.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, that at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, Agent that will continue to provide the Eurocurrency Ratesuch such interest periods of Term SOFR after such specific date (such specificthe the latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "“Scheduled Unavailability Date"”); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "“Term SOFR Replacement Date"”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (iib) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely for the Eurocurrencypurpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United States. For the avoidance of doubt, any such proposed rate, and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers and Lenders of implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such Eurodollar. A Successor Rate shall be applied in a manner consistent with market practice; provided, that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Successor Rate as 87 119482860_14 #193013499_v7be

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodone, three and six month interest periods of Term SOFR, including, without limitation, because the LIBORTerm SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (ii) theCME or any successor administrator of the LIBORTerm SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateone, three and six month interest periods of Term SOFR or the LIBORTerm SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide the Eurocurrency Ratesuch interest periods of Term SOFR after such specific date (such specificthe latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "Scheduled Unavailability Date"); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely for the Eurocurrencypurpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United States. For the avoidance of doubt, any such proposed rate, and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers the Parent Borrower and Lenders each Lender of the implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such EurodollarSuch. A Any Successor Rate shall be applied in a manner consistent with market practice; provided, provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Parent Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans and/or LIBOR Daily Floating Rate Loans and/or Swing Line Loans shall be suspended, suspended (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the 110 Base Rate. Upon receipt of such noticenotice and subject to clause (y) of the preceding sentence, the Parent Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) ), or a Borrowing of or conversion to LIBOR Daily Floating Rate Loans, or a Borrowing of Swing Line Loans; or, failing that, that will be deemed to have converted such request for a Loan into a request for a Borrowing of or conversion to (as applicable) a Base Rate Loans Loan under the same Tranche or Facility as that requested (subject and, in the case of a request for a Loan denominated in a LIBOR Quoted Currency other than Dollars, such Base Rate Loan shall be the requested loan amount converted into Dollars determined at a spot rate selected by the Administrative Agent in consultation with the Parent Borrower as in effect on the date two Business Days immediately prior to the foregoing clause (ydate of the requested funding)) in the amount specified therein. Notwithstanding anything else to the contraryelse herein, if at any definition of Eurodollar oftime any Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Rateas so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. In connection with the implementation of a Successor Rate, the Administrative Agent will have the right to make Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Successor Rate Conforming Changes will become effective without any further action or consent of any other party to any Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Successor Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective. Any Adjustmentadjustment and Successor Rate agreed and proposed to the Required Lenders in the context of a Successor Rate Amendment shall be in form and substance acceptable to each of the Administrative Agent and the Parent Borrower;; provided, however, that the Administrative Agent shall in any event approve such terms as 87 119482860_14 #193013499_v7are generally no less favorable to the Parent Borrower than corresponding terms included in similar facilities for similarly situated borrowers in general, but not necessarily all such borrowers in transactions in which Bank of America serves as administrative agent;; provided, further, that nothing herein shall obligate the Administrative Agent to disclose any information regarding other borrowers or facilities.

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocumentDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower AgentBorrower) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (ia) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodone, one month and three and six month interest periods of Term SOFR, including, without limitation, including because the LIBORTerm Term SOFR Screen Rate is not available or published on a current basis, basis and such circumstances are unlikely to be temporary; or (iib) theCME CME or any successor administrator of the LIBORTerm Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateone, one month and three and six month interest periods of Term SOFR or the LIBORTerm Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar Dollar-denominated syndicated loans, or shall or will otherwise cease, ; provided, that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, Agent that will continue to provide the Eurocurrency Ratesuch such interest periods of Term SOFR after such specific date (such specificthe the latest date on which one, one month and three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "“Scheduled Unavailability Date"”); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "a “Term SOFR Replacement Date"”), which date shall be at the end of an Interest Period or on the relevant interest payment dateInterest Payment Date, as applicable, for interest calculated and, solely with respect to clause (iib) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR SOFR, plus the SOFR Adjustment, Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document ("the “Successor Rate"”). If the Successor Rate is Daily Simple SOFR SOFR, plus the SOFR Adjustment, all interest payments will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (xa) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date Date, or (yb) if the events or circumstances of the type described in clauses (iSection 3.07(a) or (iiSection 3.07(b) above have occurred with respect to the Successor Rate then in effect, then then, in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely solely for the Eurocurrencypurpose purpose of replacing Term SOFR or any then then-current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis this Section 3.07 at the end of any Interest Period, relevant interest payment date Interest Payment Date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then then-existing convention for such alternative benchmarks in similar U.S. dollar Dollar-denominated syndicated credit facilities for such alternative benchmarkssyndicated syndicated and agented in the United States for such alternative benchmark and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then then-existing convention for such benchmarks in similar U.S. dollar Dollar-denominated syndicated credit facilities syndicated and agented in the United States for such benchmarksbenchmark, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United Statesupdated. For the avoidance of doubt, any such proposed raterate and adjustments, and adjustments shall constitute a "Eurodollar “Successor Rate"), and any”. Any such amendment shall become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent shall have postedposts posted such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers the Borrower and Lenders each Lender of the implementation of any SOFR-BasedSuccessor Rate contained in any such amendmentSuccessor Rate. Such Eurodollar. A Any Successor Rate shall be applied in a manner consistent with market practice; provided, that that, to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif if at any time any Successor Rate as 87 119482860_14 #193013499_v7so determined would otherwise be less than zero, such Successor Rate will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. In connection with the implementation of a Successor 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 Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided, that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrower and the Lenders reasonably promptly after such amendment becomes effective. For purposes of this Section 3.07, those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in Dollars shall be excluded from any determination of Required Lenders.

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocumentDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower AgentBorrowers Borrowers or Required Lenders (as applicable) have determined, that: (iA) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodoneone, three and six month interest periods of Term SOFR, including, without limitation, including because the LIBORTerm Term SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (iiB) theCME CME or any successor administrator of the LIBORTerm Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateoneone, three and six month interest periods of Term SOFR or the LIBORTerm Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. U.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, that at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, Agent that will continue to provide the Eurocurrency Ratesuch such interest periods of Term SOFR after such specific date (such specificthe the latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "Scheduled Unavailability Date"); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (iib) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, to any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. 172241316_2 Notwithstanding anything to the contrary herein, (x1) if the Administrative Agent determines that Daily Simple SOFR neither of the alternatives in clauses (I) and (II) above is not available on or prior to the Term SOFR Replacement Date or (y2) if the events or circumstances of the type described in clauses Section (ig)(ii)(A) or (iiB) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this the Credit Agreement to replacesolely solely for the Eurocurrencypurpose purpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis this Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States benchmarks and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United Statesupdated. For the avoidance of doubt, any such proposed rate, rate and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts posts such proposed amendment to all Lenders and the Borrower AgentBorrowers Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver deliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers and Lenders of implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such EurodollarSuccessor Rate. A Successor Rate shall be applied in a manner consistent with market practice; provided, that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe the Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif if at any time any Successor Rate as 87 119482860_14 #193013499_v7so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for all purposes of the Loan Documents.

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodone, three and six month interest periods of Term SOFR, including, without limitation, because the LIBORTerm SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (ii) theCME or any successor administrator of the LIBORTerm SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateone, three and six month interest periods of Term SOFR or the LIBORTerm SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide the Eurocurrency Ratesuch interest periods of Term SOFR after such specific date (such specificthe latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "Scheduled Unavailability Date"); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely for the Eurocurrencypurpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United States. For the avoidance of doubt, any such proposed rate, and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify the Borrowers and Lenders each Lender of the implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such EurodollarLIBOR. A Any Successor Rate shall be applied in a manner consistent with market practice; provided, provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Parent Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Parent Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a loan into a request for a Borrowing of or conversion to (as applicable) a Base Rate Loans Loan (subject and, in the case of a request for a loan denominated in a LIBOR Quoted Currency other than Dollars, such Base Rate Loan shall be the Dollar Equivalent of the requested loan amount determined based on the applicable Spot Rate in effect two business days immediately prior to the foregoing clause (ydate of the requested funding)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar LIBORif at any time any Successor Rate shall provide that in no event shall such Eurodollar LIBOR Successor Rateif at any time any Rateas so determined would otherwise be less than zero, the Successor Rate as 87 119482860_14 #193013499_v7will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. In connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such LIBOR Successor Conforming Changes to the Parent Borrower and the Lenders reasonably promptly after such amendment becomes effective.

Successor Rates. (a) Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocumentDocument, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent Company or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower AgentCompany) that the Borrower AgentBorrowers Company or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodoneone month, three month, and six month interest periods of Term SOFR, including, without limitation, including because the LIBORTerm Term SOFR Screen Rate is not available or published on a current basis, basis and such circumstances are unlikely to be temporary; or (ii) theCME CME or any successor administrator of the LIBORTerm Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateoneone month, three month, and six month interest periods of Term SOFR or the LIBORTerm Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar denominated syndicated loans, or shall or will otherwise cease, ; provided, that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, Agent that will continue to provide the Eurocurrency Ratesuch such interest periods of Term SOFR after such specific date (such specificthe the latest date on which oneone month, three month, and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "“Term SOFR Scheduled Unavailability Date"”); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "a “Term SOFR Replacement Date"”), which date shall be at the end of an Interest Period or on the relevant interest payment dateInterest Payment Date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Term SOFR Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the applicable SOFR Adjustment, Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document ("any such successor rate established pursuant to this Section 3.07(a), a “Term SOFR Successor Rate"”). If the Term SOFR Successor Rate is Daily Simple SOFR plus the applicable SOFR Adjustment, all interest payments will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (xA) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date Date, or (yB) if the events or circumstances of the type described in clauses clause (i) above or clause (ii) above have occurred with respect to the Term SOFR Successor Rate then in effect, then then, in each case, the Administrative Agent and the Borrower Agent Company may amend this Agreement to replacesolely solely for the Eurocurrencypurpose purpose of replacing Term SOFR or any then then-current Term SOFR Successor Rate in accordance with (xthis Section 3.07(a) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date Interest Payment Date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then then-existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated syndicated and agented in the United States for such alternative benchmark and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then then-existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities syndicated and agented in the United States for such benchmarksbenchmark, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United Statesupdated. For the avoidance of doubt, any such proposed rate, rate and adjustments shall constitute a "Eurodollar “Term SOFR Successor Rate"), and any”. Any such amendment shall become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent shall have postedposts posted such proposed amendment to all Lenders and the Borrower AgentBorrowers Company unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers the Company and Lenders each Lender of the implementation of any SOFR-BasedSuccessor Rate contained in any such amendmentTerm SOFR Successor Rate. Such Eurodollar. A Any Term SOFR Successor Rate shall be applied in a manner consistent with market practice; provided, that that, to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Term SOFR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Notwithstanding anything else herein, if at any time any Term SOFR Successor Rate has been as so determined would otherwise be less than zero, such Term SOFR Successor Rate will be deemed to be zero for the purposes of this Agreement and the circumstances under clause (i) above exist or other Loan Documents. In connection with the Scheduled Unavailability Date has occurred (as applicable)implementation of a Term SOFR Successor Rate, the Administrative Agent will promptly so notify have the Borrower right to make Term SOFR Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Term SOFR Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided, that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Term SOFR Conforming Changes to the Company and each Lender. Thereafter, (x) the obligation of the Lenders reasonably promptly after such amendment becomes effective. For purposes of this Section 3.07(a), those Lenders that either have not made, or do not have an obligation under this Agreement to make make, Term SOFR Loans (or maintain Eurocurrency Rate Loans accruing interest by reference to a Term SOFR Successor Rate, as applicable) shall be suspended, (to the extent excluded from any determination of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Successor Rate as 87 119482860_14 #193013499_v7Required Lenders.

Successor Rates. Notwithstanding anything to the contrary in this Agreement or any other Loan DocumentsDocumentDocuments, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower AgentBorrower) that the Borrower AgentBorrowers or Required Lenders (as applicable) have determined, that: (i) If adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate LIBOR for any requested relevant Interest Periodone, three and six month interest periods Period hereunder or any other tenors of Term LIBORTerm SOFR, including, without limitation, because the LIBORTerm SOFR Screen Rate is not available or published on a current basis, basis and such circumstances are unlikely to be temporary; or (ii) theCME or any successor administrator of the LIBORTerm SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, Agent or CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateone, three and six month LIBORthe applicable interest periods of Term SOFR or the LIBORTerm SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of loansU.S. dollar U.S. Dollar-denominated syndicated loans, or shall or will otherwise cease, provided, provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide the Eurocurrency Ratesuch LIBORsuch interest periods of Term SOFR after such specific date (such specificthe specific datethe latest date on which one, three and six month such interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "“Scheduled Unavailability Date"”); or (iii) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over such administrator has made a public statement announcing that all Interest Periods and other tenors of LIBOR are no longer representative; or (iv) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.033.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, LIBOR; then, reasonably promptly after such determination by in the Administrative Agent or receipt by the Administrative Agent case of such notice, as applicable thenclauses (i)-(iii) above, on a time and date and time determined by the Administrative Agent (any such date, "Term the “LIBORTerm SOFR Replacement Date"”), which date 4877- 6131- 2829 v.16 57 shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and shall occur within a reasonable period of time after the occurrence of any of the events or circumstances under clauses (i), (ii) or (iii) above and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term LIBORTerm SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with with, subject to the proviso below, the first available alternative set forth in the order below Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document ("the “LIBOR Successor Rate")”; and any such rate before giving effect to the Related Adjustment, the “Pre-Adjustment Successor Rate”):. If the Successor Rate is Daily Simple (x) Term SOFR plus the Related Adjustment; and (y) SOFR plus the Related Adjustment; and in the case of clause (iv) above, all interest will be payable on a monthly basis. Borrower and Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date Date, or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to Daily Simple SOFR or the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely solely for the Eurocurrencypurpose purpose of replacing Term SOFR LIBOR under this AgreementTerm SOFR, Daily Simple SOFR, and under/or any then other Loan Documentthen current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis this Section 3.03 at the end of any Interest Period, relevant interest payment date or the definitionend of any payment period for interest calculated, as applicable, with an alternative another alternate benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar Dollar-denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States benchmark and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar Dollar-denominated syndicated credit facilities for such benchmark. For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a “LIBOR Successor Rate” and. Any such amendment will become effective at 5:00 p.m., on the fifth (5th) Business Day after Administrative Agent shall have notifiedhas posted such proposed amendment to all Lenders and Borrower of the occurrence of the circumstances described in clause (iv) above unless, prior to such time, Lenders comprising the Required Lenders have delivered to Administrative Agent written notice that such Required Lenders object to the implementation of a LIBOR Successor Rate pursuant to such clause;amendment. provided that, if Administrative Agent determines that Term SOFR has become available, is administratively feasible for Administrative Agent and would have been identified as the Pre-Adjustment Successor Rate in accordance with the foregoing if it had been so available at the time that the LIBOR Successor Rate then in effect was so identified, and Administrative Agent notifies Borrower and each Lender of such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment period for interest calculated, in each case, commencing no less than thirty (30) days after the date of such notice, the Pre-Adjustment Successor Rate shall be Term SOFR and the LIBOR Successor Rate shall be Term SOFR plus the relevant Related Adjustment (c) Notice and Implementation. 4877- 6131- 2829 v.16 58 (i) Administrative Agent will promptly (in one or more notices) notify Borrower Parties and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a LIBOR Replacement Date and (z) the LIBORthe implementation of any Successor Rate. (ii) Any LIBOR Successor Rate shall be applied in a manner substantially consistent with market practice; provided that to the extent such market practice is not administratively feasible for Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by Administrative Agent. (iii) Notwithstanding anything else herein, if at any time any LIBOR Successor Rate as so determined would otherwise be less than zero (0)the Floor, the LIBOR Successor Rate will be deemed to be zero (0)the Floor for the purposes of this Agreement and the other Loan Documents. (iv) In connection with the implementation of a LIBOR Successor Rate, Administrative Agent will have the right to make LIBOR Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, Administrative Agent shall post each such amendment implementing such LIBOR Successor Rate Conforming Changes to Borrower and the Lenders reasonably promptly after such amendment becomes effective. If the events or circumstances of the type described in Sections 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect, then the successor rate thereto shall be determined in accordance with the definition of “LIBOR Successor Rate.” (d) Notwithstanding anything to the contrary herein, (i) after any such determination by Administrative Agent or receipt by Administrative Agent of any such notice described under Sections 3.03(c)(i)-(iii), as applicable, if Administrative Agent determines that none of the LIBOR Successor Rates is available on or prior to the LIBOR Replacement Date, (ii) if the events or circumstances described in Section 3.03(c)(iv) have occurred but none of the LIBOR Successor Rates is available, or (iii) if the events or circumstances of the type described in Sections 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect and Administrative Agent determines that none of the LIBOR Successor Rates is available, then in each case, Administrative Agent and Borrower may amend this Agreement solely for the purpose of replacing LIBOR or any then current LIBOR Successor Rate in accordance with this Section 3.03 at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with another alternate benchmark rate giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such alternative benchmarks and, in each case, including any Related Adjustments and any other mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United Statesupdated. For the avoidance of doubt, any such proposed rate, rate and adjustments shall constitute a "Eurodollar LIBOR Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts posted such proposed amendment to all Lenders and the Borrower AgentBorrowers 4877- 6131- 2829 v.16 59 unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for . (e) If, at the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers and Lenders of implementation end of any SOFR-BasedSuccessor Rate contained in any such amendment. Such Eurodollar. A Successor Rate shall be applied in a manner consistent with market practice; providedInterest Period, that to the extent such market practice is not administratively feasible relevant interest payment date or payment period for the Administrative Agentinterest calculated, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar LIBOR Successor Rate has been determined in accordance with clauses (c) or (d) of this Section 3.03 and the circumstances under clause clauses (ic)(i) or (c)(iii) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Eurodollar Rate Loans or LIBOR Daily Rate Loans shall be suspended, suspended (to the extent of the affected Eurocurrency Eurodollar Rate Loans or Loans, LIBOR Daily Rate Loans, Interest Periods, interest payment dates or payment periods), and (y) the Eurocurrency Eurodollar Rate component shall no longer be utilized in determining the Base Rate, until the LIBOR Successor Rate has been determined in accordance with clauses (c) or (d). Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Eurodollar Rate Loans (to the extent of the affected Eurocurrency Eurodollar Rate Loans, Interest Periods, interest payment dates or payment periods) or LIBOR Daily Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Successor Rate as 87 119482860_14 #193013499_v73.04

Successor Rates. (c) (i) Notwithstanding anything herein to the contrary in this Agreement contrary, the protection of Sections 2.11(1), 2.12(d), and 2.13 shall be available to Issuing Bank and each Lender (as applicable) regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation, judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been imposed, so long as it shall be customary for issuing banks or lenders affected thereby to comply therewith. Notwithstanding any other Loan DocumentsDocumentprovision herein, neither Issuing Bank nor any Lender shall demand compensation pursuant to this Section 2.13 if it shall not at the time be the general policy or practice of Issuing Bank or such Lender (as the case may be) to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if the Administrative any in any Loan Document, if Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Agent or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower AgentBorrowers Borrowers or Required Lenders (as applicable) have determined, that: (iA) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for any requested Interest Periodoneone, three and six month interest periods of Term SOFR, including, without limitation, including because the LIBORTerm Term SOFR Screen Rate is not available or published on a current basis, and such circumstances are unlikely to be temporary; or (iiB) theCME CME or any successor administrator of the LIBORTerm Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent, CME or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which the Eurocurrency Rateoneone, three and six month interest periods of Term SOFR or the LIBORTerm Term SOFR Screen Rate shall or will no longer be made available, available or permitted to be used for determining the interest rate of loansU.S. U.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided, that, that at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, Agent that will continue to provide the Eurocurrency Ratesuch such interest periods of Term SOFR after such specific date (such specificthe the latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the "Scheduled Unavailability Date"); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 4.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable then, on a date and time determined by the Administrative Agent (any such date, "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (iib) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any other 86 119482860_14 #193013499_v7 applicable Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan Document ("Successor Rate"). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (i) or (ii) above have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Borrower Agent may amend this Agreement to replacesolely for the Eurocurrencypurpose of replacing Term SOFR or any then current Successor Rate in accordance with (x) one or more SOFR-Based Rates or (y) another alternatethis Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarkssyndicated and agented in the United States and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for such benchmarks in similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the "Adjustment;" andsyndicated and agented in the United States. For the avoidance of doubt, any such proposed rate, and adjustments shall constitute a "Eurodollar Successor Rate"), and any. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have postedposts such proposed amendment to all Lenders and the Borrower AgentBorrowers unless, prior to such time, Lenders comprising the Required Lenders have delivereddeliver to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to replace the Eurocurrency Rate with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object toobject to the amendment. The Administrative Agent will promptly (in one or more notices) notify Borrowers and Lenders of implementation of any SOFR-BasedSuccessor Rate contained in any such amendment. Such Eurodollar. A Successor Rate shall be applied in a manner consistent with market practice; provided, that to the extent such market practice is not administratively feasible for the Administrative Agent, such Eurodollarthe Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. If no Eurodollar Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. Notwithstanding anything else herein, any definition of Eurodollar Successor Rate shall provide that in no event shall such Eurodollar Successor Rateif at any time any Successor Rate as 87 119482860_14 #193013499_v7party