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Benchmark Replacement Conforming Changes
Benchmark Replacement Conforming Changes contract clause examples

SECTION # Benchmark Notification. Lender does not warrant or accept any responsibility for, and shall not have any liability with respect to # ‎the administration of, submission of, calculation of or any other matter related to SOFR, Daily Simple ‎SOFR, Term SOFR, Adjusted Term SOFR, any component definition thereof or rates referenced in the ‎definition thereof or any alternative, comparable or successor rate thereto (including any then-current ‎Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any ‎such alternative, comparable or successor rate (including any Benchmark Replacement) will be similar to, ‎or produce the same value or economic equivalence of, or have the same volume or liquidity as, SOFR, ‎Daily Simple SOFR, Term SOFR, Adjusted Term SOFR, or any other Benchmark, or # the effect, ‎implementation or composition of any Benchmark Replacement Conforming Changes, so long as Lender performs such actions in accordance with the terms of this Agreement.‎

Section # Notification Regarding Benchmark Conversion. [Section 2.2.2(b)] of this Agreement provides a mechanism for determining an alternative rate of interest in the event Term SOFR, or another Benchmark, is no longer available or in certain other circumstances. does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, implementation, calculation, submission or any other matter related to Term SOFR or other rates in the definition of Benchmark Replacement, or any Benchmark Replacement Adjustment.

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