ESG Amendment definition
Examples of ESG Amendment in a sentence
Following the 13068890v7 effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing the Commitment Fee rate or the Applicable Margin to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Required Lenders.
ESG Amendment; Sustainability Structuring Agent..........................................
Upon effectiveness of any such ESG Amendment, based on either the Lead Borrower’s performance against the KPIs or its obtainment of the target ESG Ratings, certain adjustments to the Commitment Fee rate and Applicable Margin may be made; provided that the amount of any such adjustments made pursuant to an ESG Amendment shall not result in a decrease of more than (a) 1.00 basis point in the Commitment Fee and/or (b) 5.00 basis points in the Applicable Margin.
The Sustainability Structuring Agent will (i) assist the Lead Borrower in determining the ESG Pricing Provisions in connection with the ESG Amendment and (ii) assist the Lead Borrower in preparing informational materials focused on ESG to be used in connection with the ESG Amendment.