Common use of Term SOFR Notification Clause in Contracts

Term SOFR Notification. Section 3.8(b) of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 6 contracts

Samples: Guaranty and Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc), Security Agreement (Dril-Quip Inc)

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Term SOFR Notification. Section 3.8(b) 3.8.2. of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 5 contracts

Samples: Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (Ati Inc)

Term SOFR Notification. Section 3.8(b) 3.03 of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Adjusted Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Adjusted Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 3 contracts

Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)

Term SOFR Notification. Section 3.8(b) 2.14 of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor. The Required Lenders and the Borrower agree to cooperate with the Administrative Agent in making any determinations with respect to the comparable or successor rate to Term SOFR or any other benchmark.

Appears in 3 contracts

Samples: Credit Agreement (INVACARE HOLDINGS Corp), Credit Agreement (Invacare Corp), Credit Agreement (Invacare Corp)

Term SOFR Notification. Section 3.8(b) 4.4.4 [Benchmark Replacement Setting] of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Samples: Credit Agreement (Gentex Corp), Credit Agreement (Healthcare Services Group Inc)

Term SOFR Notification. Section 3.8(b12.01(c) of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Except as otherwise provided herein, the Facility Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Samples: Credit and Security Agreement (BlackRock Private Credit Fund), Credit and Security Agreement (BlackRock Private Credit Fund)

Term SOFR Notification. Section 3.8(b) 3.8.2 of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of "Term SOFR Rate" or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

Term SOFR Notification. Section 3.8(b2.07(d) of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Samples: Assignment and Assumption (Oncor Electric Delivery Co LLC), Credit Agreement (Oncor Electric Delivery Co LLC)

Term SOFR Notification. Section 3.8(b) of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.. [Innovex] 2nd A&R Credit Agreement 53

Appears in 2 contracts

Samples: Security Agreement (Dril-Quip Inc), Security Agreement (Innovex Downhole Solutions, Inc.)

Term SOFR Notification. Section 3.8(b) 3.8.2. of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 2 contracts

Samples: Security Agreement (Worthington Steel, Inc.), Security Agreement (Perma Fix Environmental Services Inc)

Term SOFR Notification. Section 3.8(b4.4(d) [Benchmark Replacement Setting] of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Loan Documents (Pegasystems Inc)

Term SOFR Notification. Section 3.8(b) 3.13 of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

Term SOFR Notification. Section 3.8(b) 3.8.2 of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Guaranty Agreement (ROC Energy Acquisition Corp.)

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Term SOFR Notification. Section 3.8(b4.4(d) [Benchmark Replacement Setting] of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent Lender does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Term Loan Credit Agreement (New Jersey Resources Corp)

Term SOFR Notification. Section 3.8(b4.4(d) [Benchmark Replacement Setting] of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Term Loan Agreement (Ipalco Enterprises, Inc.)

Term SOFR Notification. Section 3.8(b) of this Agreement 3.13 hereof provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit and Security Agreement (Quantum Corp /De/)

Term SOFR Notification. Section 3.8(b2.09(g) of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.. Section 1.05

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Term SOFR Notification. Section 3.8(b2.07(b) of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent Lender does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)

Term SOFR Notification. Section 3.8(b) 3.4.4 [Benchmark Replacement Setting] of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit Agreement (MSA Safety Inc)

Term SOFR Notification. Section 3.8(b) 3.8.2 of this Agreement provides a mechanism for determining an alternate rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Credit and Security Agreement (Invacare Corp)

Term SOFR Notification. Section 3.8(b2.07(b) of this Agreement provides a mechanism for determining an alternate alternative rate of interest in the event that the Term SOFR Rate is no longer available or in certain other circumstances. The Agent does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the Term SOFR Rate or other rates in the definition of “Term SOFR Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor.

Appears in 1 contract

Samples: Assignment and Assumption (Oncor Electric Delivery Co LLC)

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