Rate Conforming Changes

Example Definitions of "Rate Conforming Changes"
Rate Conforming Changes. With respect to the Daily Adjusting Term SOFR Rate, any technical, administrative or operational changes (including, without limitation and as applicable, changes to the definition of the "Applicable Interest Rate," the definition of "Business Day," timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability and terms of breakage provisions and other... technical, administrative or operational matters) that Bank decides may be appropriate to reflect the adoption and implementation of the Daily Adjusting Term SOFR Rate 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 Daily Adjusting Term SOFR Rate exists, in such other manner of administration as Bank decides is reasonably necessary in connection with the administration of this Note and the other Loan Documents). View More
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