SPT Metrics definition

SPT Metrics means the sustainability performance target metrics relating to the Science-Based Emissions Reduction Target Percentage, the ESG Rating or the Diverse Leadership Percentage.
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SPT Metrics means, collectively, the sustainability key performance indicators described in the first column of the Sustainability Adjustment Grid, including (i) the Energy Efficiency Upgrades in SFR Portfolio Rate, (ii) the MFR Buildings with LEED Gold Certification Rate, (iii) the Participation in Tricon Vantage Rate, and (iv) the Availability of Tricon Vantage Program Rate and, individually, a “SPT Metric”. (231) “SPT Metric Auditor” means an independent public accountant or environmental consultant of recognized national standing, in each case, acting in its capacity as limited assurance provider of the Borrower, designated from time to time by the Borrower, and acceptable to the Co-Sustainability Structuring Agents, acting reasonably. (232) “Standby Fee” has the meaning given to it in Section 3.8. The Standby Fee may be increased or decreased pursuant to the Sustainability Pricing Adjustment following the receipt of the relevant Sustainability Certificate delivered to the Administrative Agent and the Co-
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SPT Metrics means, subject to adjustment in accordance with Section 3.10, the sustainability performance target metrics relating to GHG Intensity, Average Reduction of Freshwater Use and Average 3-year LTIF.
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Examples of SPT Metrics in a sentence

  • Within the twelve (12) month period following any Recalculation Event (the “SPT Metric Recalculation Period”), the Borrower or the Sustainability Structuring Agent may notify the other party that it wishes to negotiate any applicable alternative SPT Metrics.

  • If the Borrower or the Sustainability Structuring Agent so notifies the other party, then, during the SPT Metric Recalculation Period, the Borrower and the Sustainability Structuring Agent shall negotiate in good faith to agree on the selection of such alternative SPT Metrics which shall reflect such Recalculation Event(s) and the resulting new business circumstances of the Borrower and its Subsidiaries.

  • For greater certainty, the Borrower and the Sustainability Structuring Agent (with the consent of the Majority Lenders) may agree on any alternative SPT Metric in accordance with Section 3.10 and on any other amendment to the definition of "Applicable Sustainability Adjustment" (but not to the amounts under the column titled "Adjustments in Applicable Margin"), "SPT Metrics" or any definitions or provisions directly or indirectly related thereto unless otherwise noted herein.


More Definitions of SPT Metrics

SPT Metrics or any other definitions or provisions directly or indirectly related thereto unless otherwise noted herein. Any other amendment, waiver, discharge or termination requires the approval of only the Majority Lenders, which approval, if obtained, shall be binding upon all the Lenders; provided that the Administrative Agent and the Borrower may, without the consent of any Lender, enter into amendments or modifications to this Agreement or any of the other Documents or to enter into additional Documents as the Administrative Agent deems appropriate in order to implement any CDN Benchmark Replacement or US Benchmark Replacement, or any CDN Benchmark Replacement Conforming Change or US Benchmark Replacement Conforming Change or otherwise effectuate the terms of Section 3.17 or Section 3.18 in accordance with the terms thereof. Notwithstanding the foregoing, no consent with respect to any amendment, waiver or other modification of this Agreement shall be required of any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (a), (b) or (e) above and then only in the event such Defaulting Lender shall be directly affected by such amendment, waiver or other modification.
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