Common Contracts
1 similar null contracts
ContractMarch 30th, 2021
These RFR Terms are intended to be an appendix or schedule to a document in which the parties set out their agreement to transition away from LIBOR to alternative rate(s) such as a facility agreement including the LMA's Revised Replacement of Screen Rate Clause and the supplement thereto published in August 2020. Such agreement could be part of an "agreed process for renegotiation" in accordance with one of the recommendations of the Working Group on Sterling Risk Free-Rates to include "contractual arrangements" in documentation to facilitate conversion away from LIBOR ahead of end-2021. These RFR Terms reflect the recommendations for SONIA Loan Market Conventions issued by the Working Group on Sterling Risk-Free Reference Rates and optionality set out in the LMA's Multicurrency Term and Revolving Facility Agreement incorporating Rate Switch Provisions (Lookback without Observation Shift) and Multicurrency Term and Revolving Facility Agreement incorporating Rate Switch Provisions (Look
