SOFR Successor Rate Conforming Changes

SOFR Successor Rate Conforming Changes. With respect to any proposed SOFR Successor Rate, any conforming changes to this JSC Note, including changes to the definitions of "Note Interest Rate" or "Interest Period", timing and frequency of determining rates and payments of interest and other administrative matters as may be appropriate, in the Holders' reasonable discretion, to reflect the adoption of such SOFR Successor Rate and to permit its administration in a manner substantially consistent with market practice (or, if the Holder... reasonably determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such SOFR Successor Rate exists, in such other manner of administration as the Holders reasonably determines in consultation with the Issuer). Such changes shall provide that the SOFR Successor Rate cannot be less than zero for purposes of this JSC Note View More