The Conforming Changes Cover Amendment is a cover faceplate applicable to implement Benchmark Replacement Conforming Changes unilaterally (without borrower or lender affirmative consent) and is accompanied by Exhibit A/Operative Terms which contains the operative terms to implement Adjusted Term SOFR. It can be used either with an Amendment Approach Fallback (if another implementing document has been utilized to convey the replacement benchmark selection) or with a Hardwired Approach Fallback. It is executed only by the Administrative Agent and no consents are necessary.
File | LSTA-Term-SOFR-Benchmark-Replacement-Conforming-Changes-June-21-2022.docx |
---|