{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "term-sofr-reference-rate", "type": "definition", "offset": [22, 46]}, {"key": "provided-that", "type": "clause", "offset": [48, 61]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [67, 93]}, {"key": "with-respect-to", "type": "clause", "offset": [107, 122]}, {"key": "benchmark-replacement", "type": "definition", "offset": [221, 242]}, {"key": "to-the-extent", "type": "clause", "offset": [243, 256]}, {"key": "benchmark-rate", "type": "definition", "offset": [313, 327]}, {"key": "pursuant-to-section", "type": "definition", "offset": [328, 347]}], "samples": [{"hash": "ifpRJffR5Re", "uri": "/contracts/ifpRJffR5Re#benchmark", "label": "Credit Agreement (Elmet Group Co.)", "score": 37.2409324646, "published": true}, {"hash": "d7KYo3uZHkx", "uri": "/contracts/d7KYo3uZHkx#benchmark", "label": "Credit Agreement (EquipmentShare.com Inc)", "score": 36.9370307922, "published": true}, {"hash": "fb3ixXgXMek", "uri": "/contracts/fb3ixXgXMek#benchmark", "label": "Credit Agreement (EquipmentShare.com Inc)", "score": 36.9206008911, "published": true}], "size": 1212, "snippet": "means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).", "hash": "68aabb1bcd9cb380b7a32a7b750321d9", "id": 1}, {"snippet_links": [{"key": "term-sofr-reference-rate", "type": "definition", "offset": [22, 46]}, {"key": "provided-that", "type": "clause", "offset": [48, 61]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [67, 93]}, {"key": "with-respect-to", "type": "clause", "offset": [107, 122]}, {"key": "benchmark-replacement", "type": "definition", "offset": [221, 242]}, {"key": "to-the-extent", "type": "clause", "offset": [243, 256]}, {"key": "benchmark-rate", "type": "definition", "offset": [313, 327]}, {"key": "pursuant-to-section", "type": "definition", "offset": [328, 347]}], "samples": [{"hash": "fCl2iHz1RD3", "uri": "/contracts/fCl2iHz1RD3#benchmark", "label": "Credit Agreement (Childrens Place, Inc.)", "score": 36.9561958313, "published": true}, {"hash": "3pzqHqziJUK", "uri": "/contracts/3pzqHqziJUK#benchmark", "label": "Credit Agreement (Texas Pacific Land Corp)", "score": 36.8193016052, "published": true}, {"hash": "a4GCoD6Zw8l", "uri": "/contracts/a4GCoD6Zw8l#benchmark", "label": "Credit Agreement (KOHLS Corp)", "score": 36.3620796204, "published": true}], "size": 569, "snippet": "means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.03(b)(i).", "hash": "af5ce73732960638b8f08933645eb281", "id": 2}, {"snippet_links": [{"key": "term-sofr", "type": "clause", "offset": [18, 27]}, {"key": "provided-that", "type": "clause", "offset": [29, 42]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [48, 74]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [91, 117]}, {"key": "with-respect-to", "type": "clause", "offset": [132, 147]}, {"key": "applicable-benchmark", "type": "definition", "offset": [216, 236]}, {"key": "to-the-extent", "type": "clause", "offset": [249, 262]}, {"key": "benchmark-rate", "type": "definition", "offset": [319, 333]}, {"key": "pursuant-to-section", "type": "definition", "offset": [334, 353]}], "samples": [{"hash": "l8Fy6xBZUCd", "uri": "/contracts/l8Fy6xBZUCd#benchmark", "label": "First Amendment (Orthopediatrics Corp)", "score": 37.2464065552, "published": true}, {"hash": "ekD3PrpaLe1", "uri": "/contracts/ekD3PrpaLe1#benchmark", "label": "Credit, Security and Guaranty Agreement (Arq, Inc.)", "score": 37.2464065552, "published": true}, {"hash": "lFFq78fL5MU", "uri": "/contracts/lFFq78fL5MU#benchmark", "label": "Credit and Security Agreement (XBP Global Holdings, Inc.)", "score": 37.2436676025, "published": true}], "size": 539, "snippet": "means, initially, Term SOFR; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Term SOFR or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.2(o).", "hash": "8005d50bc719202b3dd5f0ac567c2a36", "id": 3}, {"snippet_links": [{"key": "term-sofr-reference-rate", "type": "definition", "offset": [22, 46]}, {"key": "provided-that", "type": "clause", "offset": [48, 61]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [67, 93]}, {"key": "with-respect-to", "type": "clause", "offset": [107, 122]}, {"key": "benchmark-replacement", "type": "definition", "offset": [226, 247]}, {"key": "to-the-extent", "type": "clause", "offset": [248, 261]}, {"key": "benchmark-rate", "type": "definition", "offset": [318, 332]}, {"key": "pursuant-to-section", "type": "definition", "offset": [333, 352]}], "samples": [{"hash": "1mCqSZbBrYA", "uri": "/contracts/1mCqSZbBrYA#benchmark", "label": "Credit Agreement (Collegium Pharmaceutical, Inc)", "score": 37.1533203125, "published": true}, {"hash": "abptpu02lpt", "uri": "/contracts/abptpu02lpt#benchmark", "label": "Credit Agreement (OneWater Marine Inc.)", "score": 36.8877487183, "published": true}, {"hash": "ldrwmCqKACC", "uri": "/contracts/ldrwmCqKACC#benchmark", "label": "Credit Agreement (Molina Healthcare, Inc.)", "score": 36.8850097656, "published": true}], "size": 500, "snippet": "means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then \u201cBenchmark\u201d shall mean the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.16(b).", "hash": "2bfc794eabb3ebaeef07108adbaf5631", "id": 4}, {"snippet_links": [{"key": "compounded-daily-sofr", "type": "clause", "offset": [18, 39]}, {"key": "provided-that", "type": "clause", "offset": [41, 54]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [60, 86]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [99, 125]}, {"key": "with-respect-to", "type": "clause", "offset": [140, 155]}, {"key": "applicable-benchmark", "type": "definition", "offset": [219, 239]}], "samples": [{"hash": "conhGPEasR5", "uri": "/contracts/conhGPEasR5#benchmark", "label": "Twenty First Supplemental Indenture (Barclays PLC)", "score": 37.1478424072, "published": true}, {"hash": "7dCUC42QWgk", "uri": "/contracts/7dCUC42QWgk#benchmark", "label": "Twentieth Supplemental Indenture (Barclays PLC)", "score": 36.6084861755, "published": true}, {"hash": "cyaI8cPytTX", "uri": "/contracts/cyaI8cPytTX#benchmark", "label": "Fifteenth Supplemental Indenture (NatWest Group PLC)", "score": 36.3894577026, "published": true}], "size": 455, "snippet": "means, initially, Compounded Daily SOFR; provided that if a Benchmark Transition Event and related Benchmark Replacement Date have occurred with respect to SOFR or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement.", "hash": "c1f5e98cd9d558a6a2e497d67e14816e", "id": 5}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [18, 33]}, {"key": "term-benchmark-loan", "type": "definition", "offset": [38, 57]}, {"key": "adjusted-term-sofr", "type": "clause", "offset": [59, 77]}, {"key": "provided-that", "type": "clause", "offset": [79, 92]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [98, 124]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [142, 168]}, {"key": "applicable-benchmark", "type": "definition", "offset": [276, 296]}, {"key": "to-the-extent", "type": "clause", "offset": [309, 322]}, {"key": "benchmark-rate", "type": "definition", "offset": [379, 393]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [394, 412]}], "samples": [{"hash": "lRBDjHyXwbb", "uri": "/contracts/lRBDjHyXwbb#benchmark", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "haJtMgFARbS", "uri": "/contracts/haJtMgFARbS#benchmark", "label": "364 Day Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "f0WjwIjr9mf", "uri": "/contracts/f0WjwIjr9mf#benchmark", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}], "size": 338, "snippet": "means, initially, with respect to any Term Benchmark Loan, Adjusted Term SOFR; provided that if a Benchmark Transition Event, and the related Benchmark Replacement Date have occurred with respect to Adjusted Term SOFR or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (b) of Section 2.12.", "hash": "d28f60eec8e2bf51ac5fb690f7e13d22", "id": 6}, {"snippet_links": [{"key": "libo-rate", "type": "clause", "offset": [18, 27]}, {"key": "provided-that", "type": "clause", "offset": [29, 42]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [48, 74]}, {"key": "term-sofr-transition-event", "type": "definition", "offset": [78, 104]}, {"key": "an-early", "type": "clause", "offset": [108, 116]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [165, 191]}, {"key": "with-respect-to", "type": "clause", "offset": [206, 221]}, {"key": "applicable-benchmark", "type": "definition", "offset": [290, 310]}, {"key": "to-the-extent", "type": "clause", "offset": [323, 336]}, {"key": "benchmark-rate", "type": "definition", "offset": [393, 407]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [408, 426]}], "samples": [{"hash": "50RUCFtdL60", "uri": "/contracts/50RUCFtdL60#benchmark", "label": "Credit Agreement (Pattern Group Inc.)", "score": 36.6386032104, "published": true}, {"hash": "d9esOCKw0tp", "uri": "/contracts/d9esOCKw0tp#benchmark", "label": "Credit Agreement (Pattern Group Inc.)", "score": 36.2060241699, "published": true}, {"hash": "4AAXglBgVvH", "uri": "/contracts/4AAXglBgVvH#benchmark", "label": "Credit Agreement (CompoSecure, Inc.)", "score": 32.9917869568, "published": true}], "size": 309, "snippet": "means, initially, LIBO Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to LIBO Rate or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (c) or clause (d) of Section 2.14.", "hash": "e03f7cf0f8aeb7efeaffd4c459cec17c", "id": 7}, {"snippet_links": [{"key": "usd-libor", "type": "definition", "offset": [18, 27]}, {"key": "provided-that", "type": "clause", "offset": [29, 42]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [48, 74]}, {"key": "an-early", "type": "clause", "offset": [78, 86]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [135, 161]}, {"key": "with-respect-to", "type": "clause", "offset": [176, 191]}, {"key": "applicable-benchmark", "type": "definition", "offset": [260, 280]}, {"key": "to-the-extent", "type": "clause", "offset": [293, 306]}, {"key": "benchmark-rate", "type": "definition", "offset": [363, 377]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [378, 396]}], "samples": [{"hash": "7Ocly4RVvAv", "uri": "/contracts/7Ocly4RVvAv#benchmark", "label": "Loan and Security Agreement (Credit Acceptance Corp)", "score": 36.3264884949, "published": true}, {"hash": "iz2AooCebOQ", "uri": "/contracts/iz2AooCebOQ#benchmark", "label": "Loan and Security Agreement (Credit Acceptance Corp)", "score": 32.8028755188, "published": true}, {"hash": "2WevmVpRpS4", "uri": "/contracts/2WevmVpRpS4#benchmark", "label": "Credit Agreement (E2open Parent Holdings, Inc.)", "score": 32.671459198, "published": true}], "size": 308, "snippet": "means, initially, USD LIBOR; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (a) of this Section 2.14.", "hash": "7ef6d9f1dbb326acadb9beb32028e898", "id": 8}, {"snippet_links": [{"key": "provided-that", "type": "clause", "offset": [25, 38]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [44, 70]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [87, 113]}, {"key": "with-respect-to", "type": "clause", "offset": [128, 143]}, {"key": "applicable-benchmark", "type": "definition", "offset": [208, 228]}], "samples": [{"hash": "cegFxrFebJO", "uri": "/contracts/cegFxrFebJO#benchmark", "label": "Note Purchase Agreement (Western Alliance Bancorporation)", "score": 32.4962348938, "published": true}, {"hash": "235iwz0Lm1N", "uri": "/contracts/235iwz0Lm1N#benchmark", "label": "Sixth Supplemental Indenture (Barclays PLC)", "score": 31.3463382721, "published": true}, {"hash": "i53nFVOUWCQ", "uri": "/contracts/i53nFVOUWCQ#benchmark", "label": "Global Debt Facility Agreement (Federal Home Loan Mortgage Corp)", "score": 31.327173233, "published": true}], "size": 298, "snippet": "means, initially, LIBOR; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBOR or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement.", "hash": "a99fff4b98d79db8fd12248b8022aa94", "id": 9}, {"snippet_links": [{"key": "term-sofr-reference-rate", "type": "definition", "offset": [22, 46]}, {"key": "provided-that", "type": "clause", "offset": [48, 61]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [67, 93]}, {"key": "benchmark-replacement-date", "type": "clause", "offset": [110, 136]}, {"key": "with-respect-to", "type": "clause", "offset": [151, 166]}, {"key": "applicable-benchmark", "type": "definition", "offset": [250, 270]}, {"key": "to-the-extent", "type": "clause", "offset": [283, 296]}, {"key": "prior-benchmark", "type": "clause", "offset": [347, 362]}, {"key": "pursuant-to-section", "type": "definition", "offset": [368, 387]}, {"key": "sum-of", "type": "clause", "offset": [515, 521]}, {"key": "alternate-benchmark-rate", "type": "definition", "offset": [531, 555]}, {"key": "the-administrative-agent-and-the-borrower", "type": "clause", "offset": [582, 623]}, {"key": "due-consideration", "type": "definition", "offset": [681, 698]}, {"key": "replacement-benchmark-rate", "type": "definition", "offset": [743, 769]}, {"key": "relevant-governmental-body", "type": "definition", "offset": [822, 848]}, {"key": "prevailing-market", "type": "clause", "offset": [878, 895]}, {"key": "credit-facilities", "type": "definition", "offset": [1022, 1039]}, {"key": "benchmark-replacement-adjustment", "type": "definition", "offset": [1073, 1105]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [1282, 1320]}, {"key": "replacement-of", "type": "clause", "offset": [1384, 1398]}, {"key": "unadjusted-benchmark-replacement", "type": "definition", "offset": [1434, 1466]}, {"key": "available-tenor", "type": "clause", "offset": [1486, 1501]}, {"key": "spread-adjustment", "type": "definition", "offset": [1507, 1524]}, {"key": "in-the-case", "type": "clause", "offset": [2467, 2478]}, {"key": "the-definition-of", "type": "definition", "offset": [2503, 2520]}, {"key": "date-of", "type": "clause", "offset": [2572, 2579]}, {"key": "public-statement", "type": "definition", "offset": [2584, 2600]}, {"key": "publication-of-information", "type": "clause", "offset": [2604, 2630]}, {"key": "the-administrator", "type": "clause", "offset": [2677, 2694]}, {"key": "to-provide", "type": "clause", "offset": [2809, 2819]}, {"key": "first-date", "type": "definition", "offset": [2976, 2986]}], "samples": [{"hash": "wDADKYTLvd", "uri": "/contracts/wDADKYTLvd#benchmark", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 34.0793991089, "published": true}, {"hash": "dTV6ty2lif", "uri": "/contracts/dTV6ty2lif#benchmark", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 33.0143737793, "published": true}, {"hash": "bhXvHnASwho", "uri": "/contracts/bhXvHnASwho#benchmark", "label": "Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)", "score": 31.3360710144, "published": true}], "size": 296, "snippet": "means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Term SOFR Reference Rate or then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.14(c)(i). \u201cBenchmark Replacement\u201d means, with respect to any Benchmark Transition Event for the then- current Benchmark, the sum of: (A) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time and (B) the related Benchmark Replacement Adjustment; provided that, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. \u201cBenchmark Replacement Adjustment\u201d means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Available Tenor, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities. \u201cBenchmark Replacement Date\u201d means the earliest to occur of the following events with respect to the then-current Benchmark: (a) in the case of clause (a) or (b) of the definition of \u201cBenchmark Transition Event,\u201d the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or (b) in the case of clause (c) of the definition of \u201cBenchmark Transition Event,\u201d the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative; provided that such non-representativeness will be determined by", "hash": "ed20d563ea6a6eb41e43b173a682b0a5", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiISYmVuY2htYXJrIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 15189, "snippet": "means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then \u201cBenchmark\u201d means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).", "title": "Benchmark", "id": "benchmark", "examples": ["In connection with the use, administration, adoption or implementation of a <strong>Benchmark</strong> Replacement, 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 Credit Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Credit Document.", "During a <strong>Benchmark</strong> Unavailability Period or at any time that a tenor for the then-current <strong>Benchmark</strong> is not an Available Tenor, the component of the Base Rate based upon the then-current <strong>Benchmark</strong> or such tenor for such <strong>Benchmark</strong>, as applicable, will not be used in any determination of the Base Rate.", "Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term <strong>Benchmark</strong> Borrowing, may elect Interest Periods therefor, all as provided in this Section.", "The Administrative Agent will promptly notify the Borrower and the Lenders of (A) the implementation of any <strong>Benchmark</strong> Replacement and (B) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a <strong>Benchmark</strong> Replacement.", "Upon the occurrence of a <strong>Benchmark</strong> Transition Event, Section 2.13(b) provides a mechanism for determining an alternative rate of interest.", "The Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenor of a <strong>Benchmark</strong> pursuant to Section 2.10(e)(iv) and (y) the commencement of any <strong>Benchmark</strong> Unavailability Period.", "If the <strong>Benchmark</strong> Replacement is based upon Daily Simple SOFR, all interest payments will be payable on a quarterly basis.", "During any <strong>Benchmark</strong> Unavailability Period or at any time that a tenor for the then-current <strong>Benchmark</strong> is not an Available Tenor, the component of ABR based upon the then-current <strong>Benchmark</strong> or such tenor for such <strong>Benchmark</strong>, as applicable, will not be used in any determination of ABR.", "The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of ABR, the Term SOFR Reference Rate, Term SOFR, any alternative, successor or replacement rate (including any <strong>Benchmark</strong> Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.", "Furthermore, if any SOFR Loan is outstanding on the date of the Borrower\u2019s receipt of notice of the commencement of a <strong>Benchmark</strong> Unavailability Period, with respect to a Relevant Rate applicable to such SOFR Loan then until such time as a <strong>Benchmark</strong> Replacement is implemented pursuant to this Section 2.13, such Loan shall on the last day of the Interest Period applicable to such Loan, be converted by the Administrative Agent to, and shall constitute an ABR Loan."], "related": [["benchmark-gilt", "Benchmark Gilt", "<strong>Benchmark</strong> Gilt"], ["sofr-benchmark", "SOFR Benchmark", "SOFR <strong>Benchmark</strong>"], ["benchmark-rate", "Benchmark Rate", "<strong>Benchmark</strong> Rate"], ["relevant-benchmark", "Relevant Benchmark", "Relevant <strong>Benchmark</strong>"], ["benchmarked-rates", "Benchmarked Rates", "Benchmarked Rates"]], "related_snippets": [], "updated": "2026-04-10T04:42:41+00:00"}, "json": true, "cursor": ""}}