Example Definitions of "Benchmark Replacement Conforming Changes"
Benchmark Replacement Conforming Changes. Means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Standard Rate," the definition of "Interest Period," timing and frequency of determining rates and making payments of interest including, but not limited to, reset dates, compounding dates, payment/settlement dates, and other administrative matters) that Bank decides may be appropriate to reflect the adoption and implementation of such Benchmark... Replacement and to permit the administration thereof by Bank in a manner substantially consistent with market practice (or, if Bank decides that adoption of any portion of such market practice is not administratively feasible or if Bank determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as Bank decides is reasonably necessary in connection with the administration of this Addendum).View More
Benchmark Replacement Conforming Changes. Means, with With respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Standard Rate," "Alternate Base Rate", the definition of "Interest Period," Period", timing and frequency of determining rates and making payments of interest including, but not limited to, reset dates, compounding dates, payment/settlement dates, and other administrative matters) that Bank the Administrative Agent decides in its reasonable... discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by Bank the Administrative Agent in a manner substantially consistent with market practice (or, if Bank the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if Bank the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as Bank the Administrative Agent decides is reasonably necessary in connection with the administration of this Addendum). Agreement) View More
Benchmark Replacement Conforming Changes. Means, with With respect to any proposed Benchmark Replacement, any technical, administrative or operational changes (including (including, changes to the definition definitions of "Standard Rate," the definition of "Interest Period," LIBO Rate, Pricing Rate, Transaction Period, timing and frequency of determining rates and making payments of interest including, but not limited to, reset dates, compounding dates, payment/settlement dates, and other administrative matters) that Bank decides as... may be appropriate appropriate, in the discretion of the Buyer, to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by Bank the Buyer in a manner substantially consistent with market practice (or, if Bank decides the Buyer determines that adoption of any portion of such market practice is not administratively feasible or if Bank determines that no market practice for the administration of the such Benchmark Replacement exists, in such other manner of administration as Bank decides the Buyer determines is reasonably necessary in connection with the administration of this Addendum). Agreement). View More
Benchmark Replacement Conforming Changes. Means, with With respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Standard Rate," the definition of "Interest Period," Base Rate, Business Day or Interest Period, timing and frequency of determining rates and making payments of interest including, but not limited to, reset dates, compounding dates, payment/settlement dates, interest, timing of borrowing requests or prepayment, conversion or continuation notices,... applicability and length of lookback periods, applicability of breakage provisions, and other technical, administrative or operational matters) that Bank decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by Bank in a manner substantially consistent with market practice (or, if Bank decides that adoption of any portion of such market practice is not administratively feasible or if Bank determines that no market practice for the administration of the such Benchmark Replacement exists, in such other manner of administration as Bank decides is reasonably necessary in connection with the administration of this Addendum). Agreement and the other Loan Documents). View More
