Example ContractsClausesbenchmark unavailability periodVariants
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Benchmark Unavailability Period. Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, each Borrower may revoke any request for an Advance bearing interest based on USD LIBOR, conversion to or continuation of Advances bearing interest based on USD LIBOR to be made, converted or continued during any Benchmark Unavailability Period and, failing that, each Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’Lead Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachLead Borrower may revoke any request for an Advance bearing interest based on USD LIBOR,a Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBOR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachLead Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternatethe Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachthe Borrower may revoke any pending request for an Advance bearing interest based on USD LIBOR,a Benchmark Rate Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBORBenchmark Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.ABR Loans. During anya Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark Rate is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark Rate or such tenor for such Benchmark,Benchmark Rate, as applicable, will not be used in any determination of Alternate Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachthe Borrower may revoke any pending request for an Advance bearing interest based on USD LIBOR,a Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBORSOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.ABR Loans. During anya Benchmark Unavailability Period or at any time that a tenor for the then-then‑current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, each Borrowerthe Borrowers may revoke any pending request for an Advance bearing interest based on USD LIBOR,a Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBORSOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, each Borrower# the Borrowers will be deemed to have converted any such request into a request for a Borrowingborrowing of or conversion to Alternate Base Rate Advances.ABR Loans and # any outstanding affected SOFR Loans will be deemed to have been converted into ABR Loans immediately. During anya Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate. During a Benchmark Unavailability Period, notwithstanding any provision of Section 2.08, any Swing Line Loan shall bear interest at the Alternate Base Rate plus the Applicable Rate.

Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachthe Borrower may revoke any request for an Advance bearing interest based on USD LIBOR,a Eurodollar Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBOREurodollar Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, each# the Borrower may revoke any pending request for an Advance bearing interest based on USD LIBOR,a borrowing of, conversion to or continuation of SOFR Advances bearing interest based on USD LIBOR to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowingborrowing of or conversion to Alternate BaseFloating Rate Advances.Advances and # any outstanding affected SOFR Advances will be deemed to have been converted to Floating Rate Advances at the end of the applicable Interest Period. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate.

Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachthe Borrower may revoke any pending request for an Advance bearing interest based on USD LIBOR,a SOFR Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBORSOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.Loans. During anya Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternatethe Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternatethe Base Rate.

(ivg)Benchmark Unavailability Period. Upon the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, eachthe Borrower may revoke any request for ana Euro-dollar BorrowingEuro-Dollar Advance bearing interest based on USD LIBOR,of, conversion to or continuation of Euro-dollarEuro-Dollar Advances bearing interest based on USD LIBOR to be made, converted or continued during any Benchmark Unavailability Period and, failing that, eachthe Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base RateABR Advances. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base RateABR based upon theLIBO Ratethe then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate Base Rate.ABR.

Benchmark Unavailability Period. Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, each Borrowerthe Borrowers may revoke any pending request for an Advance bearing interest based on USD LIBOR,a Borrowing of, conversion to or continuation of Advances bearing interest based on USD LIBORTerm SOFR Portions to be made, converted or continued during any Benchmark Unavailability Period and, failing that, each Borrowerthe Borrowers will be deemed to have converted any such request into a request for a Borrowing of or conversion to Alternate Base Rate Advances.Portions. During anya Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate Base Rate.

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